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By Maryann Wanjiku Michuki There is a truth many of us quietly live with: in Uganda, one medical emergency can change everything. A Twitter user once captured it painfully well when they wrote, “In Uganda, you are always one medical emergency away from a car wash crowdfunding.” It was meant as humour, but it reflects a reality that is anything but funny. I know this reality personally. When my mother was diagnosed with cancer, our world shifted. We were fortunate; we had resources, access, and the privilege of choice. But in hospital corridors, I saw families who held nothing but…
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When Uganda’s capital city floods, it is often framed as a natural disaster. The skies open up in fury, the drains overflow, and Kampala drowns under its own chaos. But the truth, stark and uncomfortable, is that our floods are man-made. They are not the wrath of the heavens; they are the consequence of greed, negligence, and broken governance. And at the centre of it all stand institutions we once believed were different, Uganda’s banks. As political will falters and environmental enforcement collapses under the weight of corruption and patronage, banks have become crucial. They are the last institutions still…
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BY BONNY KOMAGUM The recent 3.2% appreciation of the Ugandan Shilling against the US dollar has become a major talking point in economic discussions across the country. Over the 12…
For decades, “corporate social responsibility” (CSR) has been the catch-all phrase for how companies give back to society. However, the traditional model of CSR, often characterised by photo-op donations, short-term…
Uganda no longer lacks CEO-ready talent; it is overflowing with it. From the commanding floors of leading banks and insurance firms, to the boardrooms of fast-moving consumer goods companies, oil and gas multinationals, telecom giants, regulators, and investment firms, there is a new generation of Ugandan professionals. They are strategically placed, thoroughly equipped, and quietly making their way to the corner office. These are individuals already entrusted with large budgets, wide teams, and critical mandates. Some are executive directors, overseeing operations, strategy, risk, and people in top-tier institutions. Others are chief financial officers, managing billions in assets, liquidity, and compliance…
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In a fiscal climate where many economies are gasping under debt and tax collection fatigue, Uganda Revenue Authority (URA) has pulled off a remarkable feat. It has beaten its revenue target for the 2024/25 financial year by Shs174.11 billion, collecting Shs31.54 trillion—a 100.54% performance. The numbers tell a story of discipline, economic recovery, and a pivot towards digital administration. They also tell a story of how domestic resilience and global trade are the twin engines of Uganda’s fiscal base. But as URA basks in the moment, the real challenge is scaling the mountain of UGX36.74 trillion in the 2025/26 financial…
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In a region where internal financial fraud is both rampant and routinely swept under the rug, James Mwangi’s bold decision to confront it directly within Equity Group is a powerful—and…
The Nile Breweries scandal involving the Majok siblings has exposed significant weaknesses in corporate governance, oversight, and financial accountability. However, this case is not an isolated incident—it is part of a growing internal fraud crisis in Uganda. Businesses across the country are losing billions due to insider fraud, weak corporate controls, and ineffective enforcement. According to the PwC Global Economic Crime and Fraud Surveys (2020, 2022, and 2024) and the Uganda Police Annual Crime Report 2024, internal fraud remains one of the most financially devastating forms of corporate crime. In 2024 alone, Ugandan businesses lost over USD 272 million (UGX…
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On the 16th day of July 2024, Hon. Justice Stephen Mubiru of the High Court of Uganda’s Commercial Division delivered a controversial ruling reviving Crane Autos Limited. This company had been dissolved following liquidation to allow the Uganda Revenue Authority (URA) to collect outstanding taxes. This ruling has stirred significant debate within the legal fraternity and the business community. The Liquidator of Crane Autos Ltd, Mr. Isaac Ssali Mugerwa of M/s Bluebell Legal Advocates and the other respondents, represented by their Counsel, Mr. Nelson Nerima of M/s Nambale Nerima & Co. Advocates have already filed a Notice to Appeal this…
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