KAMPALA: Aware that rapid advances in digital technology are transforming the economic and financial landscape in Uganda, Centenary Group has created a technology company called Centenary Technology Services Ltd. (Cente-Tech).
A statement issued by Centenary Bank reads that Cente-Tech will play a key role in placing the Group subsidiary companies at the center of customers’ digital transformation and accelerate the Group’s digital agenda.
In preparation for the transformation, Peter Kahiigi has been appointed as Cente-Tech’s Chief Technology Officer (CTO). He joins Dr. Grace Ssekakubo, a seasoned IT Specialist, at Cente-Tech’s helm.
“Centenary Group will also venture into insurance business, fund management, property development and management as well expanding the Centenary banking brand outside Uganda,” read the statement.
Recently, the brand transformed itself into a group structure, forming Centenary Rural Development Group (Centenary Group). The Group structure offers avenues through which the shareholders can expand into auxiliary business activities to operate alongside the banking business.
In addition to Centenary Bank, Centenary Group already owns Centenary Foundation, a company that leverages funding from partners and social investors with a common social development agenda.
The Centenary brand has for a while been known for banking services, with the largest customer base in Uganda.