Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.
Stanbic Bank Uganda and its parent holding company, Stanbic Uganda Holdings Limited (SUHL), are battling a sweeping transfer-pricing assessment by the Uganda Revenue Authority (URA), now before the Tax Appeals Tribunal under TAT Application No. 170 of 2025 — the latest in a growing wave of transfer-pricing disputes, as URA intensifies audits on multinationals — a campaign that has swept through most large foreign-owned firms in recent years. At the core of the Stanbic-URA tax dispute lies a critical question: Did Stanbic Bank’s and SUHL’s related-party charges reflect true market value — or did the bank understate taxes through mispriced…
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Nile Breweries Limited, the Ugandan entity of AB InBev, is set to welcome a new Managing Director, Nkanyiso Mncwabe, to replace Adu Rando, who late last year got promoted to a continental digital commerce role, CEO East Africa Magazine has learned. Senior executives familiar with the transition confirmed to CEO East Africa that Mncwabe — a seasoned South African commercial leader within AB InBev’s African network — is expected to assume office this January, pending final internal communications. A Commercial Strategist Shaped Inside AB InBev According to professional records reviewed by CEO East Africa, Mncwabe brings over 15 years…
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Beyond the policy challenges, the interview explores a sector in the midst of a structural evolution, driven by shifting tenant behaviours and the rise of decentralised, convenience-led suburban retail. Addressing the rising tide of foreclosures and “speculative development,” the discussion highlights the urgent need for professional valuation standards and consistent urban enforcement to protect long-term asset value. Despite these pressures, the CEO maintains an outlook of “cautious optimism,” identifying resilient growth opportunities in oil and gas, student housing, and affordable residential segments for the year ahead. As the year draws to a close, from your perspective as a CEO, how…
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Diamond Advocates, a law firm based in Kampala, has joined WONE GLOBAL, an international network of firms providing legal, tax, audit, and business advisory services. The development makes Diamond Advocates the first Ugandan law firm to join the WONE GLOBAL network. The firm is led by Managing Partner Galandi Tony Kiire. Through this development, Diamond Advocates becomes part of a network comprising more than 100 senior partners operating across over 30 countries. Membership in the network enables the firm to collaborate with other member firms and provide services aligned with international standards to clients operating across multiple jurisdictions. The move…
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For anyone who grew up in Uganda in the 1980s and 1990s, it is impossible not to marvel at Caleb Rwakatungu Snr’s ability to extract so much from so little. This was a time when school fees were precarious, social safety nets were thin, and a single disruption could derail an entire household’s future. To raise eight children under those conditions — and to send them to some of the country’s best schools — bordered on the improbable. In many ways, Mr. Rwakatungu Snr resembles the biblical servant in the Parable of the Talents — entrusted with little, yet multiplying…
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Few Ugandan founders have built, nearly lost, exited, and reinvented themselves as decisively as Anthony Natif. In this rare and unfiltered conversation, the Guardian Health founder reflects on the high-stakes reality of scaling a startup in Uganda, the unseen power dynamics behind investor deals, and the personal cost of building under pressure. From boardroom battles to moments of quiet despair—and an unexpected second act beyond business—this is not a victory lap, but a reckoning with what it really takes to build, exit, and begin again. This is a long read — but worth every word. Anthony, let’s start at the…
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In a sweeping diplomatic shake-up that has resonated across continents, the Trump administration is recalling nearly 30 U.S. ambassadors and senior career diplomats from posts around the world, a move officials describe as part of aligning the foreign service with President Donald Trump’s “America First” agenda. The recall notably includes ambassadors serving in Uganda, Rwanda and Nigeria, among other nations. Multiple news sources indicate that the U.S. State Department has begun issuing formal notifications to chiefs of mission in at least 29 countries, informing them that their tenures will end in January 2026. The affected diplomats, most of whom were…
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Old Mutual Insurance Uganda, Uganda’s No.1 general insurer, has announced that its Managing Director and Chief Executive Officer, Stephen Chikovore, will step down from his role effective 31 January 2026. His exit comes at a critical inflection point for Uganda’s general insurance market, just as Sanlam General Insurance and Jubilee Allianz General Insurance have completed their merger, creating SanlamAllianz General Insurance—a significantly stronger and well-capitalised number-two competitor in the market. The leadership transition was formally communicated in a public notice shared with CEO East Africa Magazine, in which the company stated: “Old Mutual Insurance Uganda announces a leadership transition of…
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When mega-deals happen, the most visible winners are usually the shareholders who are selling. But in transactions of this scale, there is always a second, less visible layer of immediate beneficiaries: the financial advisers, lawyers and bankers whose expertise transforms headline numbers into a legally executable reality. That reality is now playing out in the USD 2.3 billion acquisition of a 65 percent controlling stake in East African Breweries Plc (EABL) by Japan’s Asahi Group Holdings from Diageo Plc, a transaction that has been confirmed as the largest public mergers and acquisitions deal in East Africa and one of the…
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In the world of corporate governance, commercial law, and professional ethics, few Ugandan or regional figures carry the authority and global resonance that Winnie commands. A distinguished lawyer, academic, and board leader, she occupies that rare intersection where rigorous scholarship meets the lived realities of organisational leadership. She currently serves as Board Chairperson of dfcu Bank, Independent Non-Executive Director at MTN Uganda, and Director at Jubilee Allianz Uganda—positions that place her at the heart of some of East Africa’s most consequential institutions. Globally, she is part of the new vanguard shaping international governance and insolvency reforms through appointments to the…
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