The Centenary Group of Companies, commonly referred to as the Centenary Group, is a privately owned

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Co ...

Uganda }), is a landlocked country in East Africa East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territor ...

. The anchor company in the group is

Centenary Bank Centenary Bank is a commercial bank in Uganda licensed by the Bank of Uganda, the central bank and national banking regulator. History The bank was founded in 1983 as a credit trust, Centenary Rural Development Trust (CRDT), by Simeon Lutaa ...

, the second-largest

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

in Uganda, based on assets. As of 31 December 2021 Centenary Bank had assets valued at USh4.8 trillion (US$1.359 billion).

Overview

As of October 2023, Centenary Group is involved in financial services,

information and communications technology Information and communications technology (ICT) is an extensional term for information technology (IT) that stresses the role of unified communications and the integration of telecommunications (telephone lines and wireless signals) and computers, ...

and the delivery of social services. At that time, the Group's assets were valued at UGX6.2 trillion (US$1.631 billion), with shareholders' equity in the group in excess of USh789.52 billion (US$222.78 million). It is the largest indigenous Ugandan financial services conglomerate. In December 2023, Centenary Group broke ground in the city of

Masaka Masaka is a city in the Buganda Region of Uganda, west of Lake Victoria. The city is the headquarters of Masaka District. Location Masaka is approximately to the south-west of Kampala on the highway to Mbarara. The city is close to the Equator ...

for the construction of a Tier 3 green data center. This is the country's first such facility outside the capital city of

Kampala Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Ruba ...

History

Started in 1983 as Centenary Rural Development Trust (CRDT), Centenary bank started serving customers in that role in 1985. In 1993 the

Bank of Uganda The Bank of Uganda ( sw, Benki Kuu ya Uganda) is the central bank of Uganda. Established in 1966, by Act of Parliament, the bank is wholly owned by the government but is not a government department. History In 1979 and again in 1987, the Ba ...

awarded a commercial banking license to CRDT, transforming it into Centenary Bank. In March 2019 the

board of directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

of Centenary Bank resolved to form a group structure. With consent of the Bank of Uganda (BoU), Centenary Group was established on 25 October 2019. On 6 November 2019, "the group formed a banking subsidiary named Centenary Rural Development Bank Limited" (CRDBL). The BoU issued a commercial banking license to (CRDBL), on 16 March 2020, effective 1 July 2020. On that date Centenary Group transferred its banking business to CRDBL.

Subsidiary companies

As of May 2023, the companies of the Centenary Group included the following: 1. Centenary Bank Uganda Limited, a large commercial bank in Uganda. 2. Centenary Technology Services Limited (Cente-Tech), an information and communications company. Responsible for the ICT functions within the group. In the process of developing a Level 3 data centre in the city of

, Uganda. 3. Centenary Foundation, a non-government non-profit organisation, charged with promoting and executing the group's social programs. 4.

Centenary Bank Malawi Centenary Bank Malawi, also Centenary Bank Malawi Limited, is a commercial bank in Malawi. It is one of the commercial banks licensed by the Reserve Bank of Malawi, the central bank and national banking regulator. Location The headquarters a ...

. A commercial bank in Malawi, majority owned by the Centenary Group of Uganda with minority shareholding by the

Roman Catholic Archdiocese of Lilongwe The Roman Catholic Archdiocese of Lilongwe ( la, Archidioecesis Lilongvensis) is the Roman Catholic archdiocese located in Lilongwe in Malawi. Before its elevation to an archdiocese in 2011, it had belonged to the ecclesiastical province of the Ar ...

References

External links

Official Website
{{Kampala District Companies based in Kampala Financial services companies established in 1983 Conglomerate companies of Uganda 1983 establishments in Uganda

Overview

History

Subsidiary companies

See also

References

External links