Emma Jc Iga™

SELF MADE

[Ja Leto @_falsi1ke]

Bro to bro: fight for the life you want in 2026. No laziness. No procrastination. Prayer opens doors, but work walks you through them. Stay disciplined. Stay hungry. Stay consistent. Go to war with anything that stands in your way.

[KRAZY fuckin LEE @djkrazylee]

Just a boy from kabale performing alongside Cardi b , thugga davido pitbull and manymore !! Dream chasing never stopping!!

[Football on TNT Sports @footballontnt]

RB Leipzig midfielder Christoph Baumgartner has been recognised with a Fair Play diploma for his incredible charitable work in Uganda 👏

What he’s achieved so far:

Founded a vocational training and learning centre for young women in Kakule 🇺🇬
Created the Baumi Junior School, providing an education for 80 children aged 4-9 📚
Launched a campaign to renovate 12 water wells giving 35,000 people access to clean running water💧

One of football's good guys.

[Samuel Leeds @samuel_leeds]

Here is a FULL house tour of my new home in Dubai! 😃 #dubai #mansion #housetour #property

[KRAZY fuckin LEE @djkrazylee]

JUST A BOY FROM KABALE .. rocking the same stage with @MetroBoomin @wizkhalifa @tydollasign @SwaeLee @blackeyedpees @centralcee. …
Cashing the dream since 2006 🙌🏾🙌🏾

[KRAZY fuckin LEE @djkrazylee]

Outside !

[Jimmy Kiberu @KiberuJimmy]

There are few people who have summarised the state of governance in Uganda today as @gawayategulle has done in this meticulously crafted master piece. Please spare a minute to browse it.

[Ian Gumisiriza @T_E_F_L_O_N]

Does the Aga Khan own Serena Hotel?

Yesterday, I shared that the arrested Accountant General started his career at the current Kampala Serena Hotel. Some people mistook it to mean that he owned it and were in the comments "informing" me that Aga Khan owns the facility, but does he?

The current ownership of Serena is as follows;

Tourism Promotion Services (TPS) 60%
NSSF 20%
PROPACO 20%

So where does the notion of Aga Khan owns Serena originate from?

TPS owns the Serena brand worldwide.
TPS is a publicly traded company on the Nairobi Stock Exchange. However, the Aga Khan Fund for Economic Development owns 45% of the stock, and Aga Khan University Foundation owns 4%, putting the Aga Khan total stock at 49%.

So if TPS owns 60% of Kampala Serena, then the Aga Khan owns 49% of that, which is close to 30%, putting him above 20% of NSSF and PROPACO.

Who is PROPACO?

A private French finance development institution. However, the biggest shareholders at 79.8% is the AfD (French Development Agency) equivalent of USAID in France🤣🤣 other French finance institutions and investment funds own the rest of the shares.

What is more important to note is that the next time @nssfug announces interest due to workers remember part of it is from Kampala Serena Hotel.

NB: 1st frame is the new Aga Khan V who succeeds his father, the Aga Khan IV. If you are interested in the history and religious empire of the Aga Khan repost and I will dissect it for you tomorrow morning.

[Uganda Fan Tv @ugandafantv256]

I need help, Ebintu byatabuka - Eric Bukya Ssebuguzi
https://t.co/z17Jz7pyEb

[KRAZY fuckin LEE @djkrazylee]

Opening up for Bas Dreamville … RIYADH WE OUTSIDE FOR REAL .. 💪🏼

Hiphop or no life !!

[Emma Jc Iga™ @Jc_Em1]

@UgandanGods Entebbe

[Kakande Alex @KakandeAlex]

Standard Chartered's Exit from Retail Banking: What Bond and Account Holders Need to Know

"Standard Chartered Bank Uganda is going to stay in Uganda but as a Corporate and Investment Banking"

Standard Chartered Group has announced its intention to sell its Wealth and Retail Banking Businesses in Uganda, Botswana, and Zambia. The Wealth and Retail Banking arm of their business serves both corporate and personal accounts. In the announcement, the Bank indicated it will use the proceeds to bolster its affluent Corporate and Investment Banking business.

For clients of Standard Chartered Bank Uganda, there is no cause for panic, as this is a strategic decision that will take time and requires regulatory approvals and transition. The bank, staff, and systems will continue to operate effectively until a potential buyer has been identified and all regulatory approvals have been obtained, a process that might take close to two years.

This is not the first time we have seen such a strategic divestment by global banks. A recent example is ABSA Bank, which bought the Wealth and Retail Banking Businesses of the then Barclays Bank in Africa. The transition for customers from Barclays to ABSA was smooth, so there is no cause for concern.

Treasury bond Investors

For those who have Standard Chartered Bank as your custodian bank for your treasury bond investment, nothing will happen to your bonds. The actual treasury bond security is held through the CSD system of Bank of Uganda, which will continue to be the case. When the transaction is completed, nothing will change as the potential new company will take over the custodian operations of the current bank, and you will continue to receive your coupons and invest as usual.

This is further emphasized by the fact that for such a transaction to go through, Bank of Uganda, the supervisor, will have to approve it. There will be full transition plans to ensure a smooth transition from one brand to another, and your investments, assets, banks, and even liabilities (loans) will not be disrupted.

Does this decision have anything to do with Uganda’s current economic condition?

Most financial institutions globally are shifting from brick-and-mortar and retail banking, which requires more resources but yields lower margins, to corporate and investment banking, which requires fewer resources but yields higher margins.

Global banks are noticing that it’s easier to fast-track the growth of their businesses by shifting their business model to serving a few but highly affluent clients through bespoke products and investments (as they are doing in Kenya and Nigeria on the African continent) rather than retail customer banking. This is part of the reason Standard Chartered Group might be selling off.

You could say that Uganda’s Wealth and Retail Banking didn’t make strategic sense for the global company to retain the unit. However, this does not mean they won’t stay in the country with their CIB Business and pivot to serving a niche client and their needs. According to the communication by the Bank’s head of Wealth and Retail Banking, Paul Badu, Standard Chartered Bank will continue to have a presence in Uganda through their strong and growing CIB Business.

Alex Kakande

[Fahad Nyonjo King @kingFahad_17]

Good morning good people 🌚

[Bra Peter @Mr_PeterM]

Are Bentley’s underrated? W12 Flying Spur🔥

[Michael Katagaya @mkatagaya]

We’re risk averse. That’s why one leader has given us company for 4 decades because we’re not sure how the next one might treat us.

Also, every car owner here is like a car dealer: they always talk about resell value. Btw then they drive the same car, with good resell value for 30 years 🫡

[Exclusive Bizz @exclusive_bizz]

Producer Paddyman schooling Eddy Kenzo about code progression in music following claims that Bobi Wine used to copy his songs, compelling him to leave Firebase Records.

[͏͏͏𝐉𝐚𝐲 ⌖ 🇿🇦🇪🇸 @cagiago_]

And another trophyless seaSON

[💜Ruk @Miniruks]

The only thing that Ole didn’t do was win a trophy. Maybe it’s time to let him finish his story.

Gaffer ❤️

[Saeed TV @SaeedTV_]

Letter for @INEOS