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TodayWednesday, May 06, 2026
The CEO Magazine Team

The CEO Magazine Team

A photo collage of UEDCL board chairperson Lydia Ochieng-Obbo, who has been terminated, and Managing Director Paul Mwesigwa, who has been sent on forced leave.

BREAKING: UEDCL Board Chair Terminated, MD Sent on Forced Leave Amid Reported Shake-up

Uncertainty has gripped Uganda’s electricity sector following reports that top managers at the Uganda Electricity Distribution Company Limited (UEDCL) have been sacked, although official details remain unclear. Sources within the Ministry of
May 2, 2026
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Standard Bank’s Sim Tshabalala, Absa Group’s Kenny Fihla, MTN Group CEO Ralph Mupita, SanlamAllianz’s Heinie Werth, Nedbank Group’s Jason Quinn, and Old Mutual’s Jurie Strydom represent more than individual corporate leaders. Collectively, they sit at the helm of institutions controlling hundreds of billions of dollars in assets, deposits, premiums, and market capitalisation across Africa. Their strategic decisions influence capital flows, credit creation, insurance penetration, and digital finance ecosystems across multiple markets. As they pivot attention toward East Africa, they are not merely expanding footprints; they are reshaping regional banking, telecom, insurance, and investment architecture for the next phase of continental growth.
Standard Bank’s Sim Tshabalala, Absa Group’s Kenny Fihla, MTN Group CEO Ralph Mupita, SanlamAllianz’s Heinie Werth, Nedbank Group’s Jason Quinn, and Old Mutual’s Jurie Strydom represent more than individual corporate leaders. Collectively, they sit at the helm of institutions controlling hundreds of billions of dollars in assets, deposits, premiums, and market capitalisation across Africa. Their strategic decisions influence capital flows, credit creation, insurance penetration, and digital finance ecosystems across multiple markets. As they pivot attention toward East Africa, they are not merely expanding footprints; they are reshaping regional banking, telecom, insurance, and investment architecture for the next phase of continental growth.

South Africa’s capital is moving north-east, and East Africa is increasingly the preferred landing strip

South African capital, long dominant in Southern Africa and deeply embedded across the continent, is now moving decisively north-east. Kenya, Uganda, Tanzania, and Rwanda are no longer peripheral growth outposts. They are
February 13, 2026
Finance Trust Bank Managing Director Annet Mulindwa Nakawunde, Opportunity Bank Chief Executive Officer Owen Amanya, ABC Capital Chief Executive Officer Jesse Timbwa and Guaranty Trust Bank Managing Director Ali Fatima. The four executives have steered their institutions through the difficult transition from Tier I commercial banks to Tier II credit institutions amid Uganda’s tighter capital regime.
Finance Trust Bank Managing Director Annet Mulindwa Nakawunde, Opportunity Bank Chief Executive Officer Owen Amanya, ABC Capital Chief Executive Officer Jesse Timbwa and Guaranty Trust Bank Managing Director Ali Fatima. The four executives have steered their institutions through the difficult transition from Tier I commercial banks to Tier II credit institutions amid Uganda’s tighter capital regime.

A Leaner, Stronger Sector, But at a Price: The UGX150b Rule Behind Uganda’s Four Bank Downgrades and an Exit

When Bank of Uganda, on Thursday (January 29, 2026), announced that Finance Trust Bank had been authorised to transition from a Tier I commercial bank to a Tier II credit institution, it
January 29, 2026
At 24 storeys and 80 metres high and several luxurious amenities to complement a comfortable lifestyle Cadenza Residences, when it is completed in July 2027, will be the tallest and one of a kind on the Kampala City skyline.

9 reasons to buy into VAAL Real Estate’s iconic Cadenza Residences in Nakasero, Kampala

This week, VAAL Real Estate the latest entrant into Uganda’s bustling real estate industry, unveiled Cadenza Residences, a 308 luxury homes project in Nakasero, a leafy upscale Kampala neighbourhood. Described by the
July 29, 2024
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Rt. Hon. Robinah Nabbanja, Uganda's Prime Minister (extreme right) with Hon. Lillian Aber (2nd right), the Minister of State for Disaster Preparedness, Relief and Refugees launch the scheme to pay beneficiaries of the relocation exercise for households facing a high-risk of landslides in the Elgon sub-region. The government is also using PostBank's Wendi Mobile Wallet to pay the beneficiaries.

Gov’t Releases UGX267 billion More Parish Development Model (PDM) Money Through PostBank’s Wendi Platform

The government of Uganda has released more money towards its household poverty alleviation initiative, the Parish Development Model (PDM). This was confirmed by PostBank Uganda, the gov’t distribution partner of the cash
April 18, 2024
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The governing board of the Uganda Chamber of Mines and Petroleum (UCMP) and the Petroleum Authority of Uganda Officials shortly after a recent meeting to discuss issues on how National Participation of Ugandan companies can be enhanced in the oil and gas sector.

UGX 7 trillion approved for Ugandan firms in the oil and gas sector

In the wake of the announcement of the Final Investment Decision (FID) in February 2022, the Petroleum Authority of Uganda (PAU) has sanctioned contracts valued at approximately USD7.16 billion. Of this sum,
March 22, 2024
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Left-Right: Deputy Governor, Bank of Uganda, Dr. Michael Atingi-Ego; Ministry of Finance Commissioner, Financial Services, Moses Ogwapus; Mumba Kalifungwa, Absa Bank Uganda’s Managing Director and Jeff Gable, the Head of Macro and Fixed Income Research at Absa Group during the 2024 Economic Outlook Forum hosted by Absa Bank Uganda at the Kampala Sheraton Hotel

Uganda maintains 4th position in the 2023 Absa Africa Financial Market Index

With an overall score of 62.8, Uganda maintained its fourth position out of the 28 African countries measured under the 2023 Absa Africa Financial Market Index (AFMI) – a report that evaluates
February 6, 2024
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