For decades, the story of Uganda’s agriculture has been one of bittersweet potential. We sing about being the Pearl of Africa, blessed with fertile soils and two rain seasons, yet every harvest, we watch heart-wrenching scenes of mangoes, oranges, and tomatoes rotting in the gardens of Teso, Acholi, Lango, and West Nile. At Nilezilla, when we set out to change this narrative with our fruit processing facility in Lodonga, Yumbe District, we learned quickly that “potential” does not pay the bills. Value addition does. But moving from a garden to a supermarket shelf is not a simple walk in the…
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In a rapidly evolving financial landscape, Stanbic Bank is strengthening its role as a trusted companion for individuals and families seeking to build and preserve generational wealth. According to Bernice Kamahunde Mvano, the Stanbic head of wealth and investment, the bank is committed to supporting Ugandans at every stage of their financial journey. “Every client is on a journey. We are all growing in age, in our families, businesses, and personal lives. Therefore, it’s important for people to know that growth is constant, and our role as a leading financial institution is to walk with our clients and their families,…
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Mobile money agents are the engine of Uganda’s everyday economy, and this is most visible on weekends. From Friday evening through Sunday, transaction volumes surge as customers trade, pay, and move money. The dfcu Weekend Agent Float Loan was designed with one clear purpose: to ensure agents never lose business simply because they have run out of float when demand is highest. Douglas Nidoi, Ecosystems Manager at dfcu Bank, answers some of the most frequently asked questions about the product. Q: What is the dfcu Weekend Agent Float Loan? A: The dfcu Weekend Agent Float Loan is a short-term, fully…
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East African Breweries Limited (EABL), one of East Africa’s most influential consumer goods companies, is entering a new era. This comes after its majority shareholder, Diageo, agreed to sell its entire 65% stake to Japan’s Asahi Group Holdings. The transaction was disclosed through a statutory public announcement and an accompanying EABL press release. It is among the region’s most significant cross-border investments in the beverages sector. This deal will see a major Japanese brewer take control of a leading African alcohol business. Who is buying and who is selling The seller is Diageo, the global beverages group behind brands such…
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Stanbic Bank’s Head of Personal Banking, Israel Arinaitwe, often returns to a lesson Adam Smith captured in The Wealth of Nations: economic progress depends on a society’s stock of capital. To him, it’s not just a theory—it’s a mindset Ugandans can adopt to improve their lives today and strengthen the future for generations to come. In an interview with the CEO East Africa Magazine, Israel frames that idea through Stanbic Bank’s latest brand campaign, Keep Growing. He describes it as more than a slogan, rather, a national call to action aligned to the bank’s purpose. “At Stanbic, we say, Uganda…
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Global spirits giant Diageo has agreed to sell its majority stake in East African Breweries Limited (EABL) to Japan’s Asahi Group Holdings, marking a significant shift in the ownership of East Africa’s largest beer producer. Under the deal, Diageo will sell its 65% shareholding in EABL, along with its interests in the Kenyan spirits business, United Distillers and Vintners Kenya (UDVK), to Asahi. The transaction is expected to generate net proceeds of approximately $2.3 billion for Diageo after tax and transaction costs, valuing EABL at an implied enterprise value of $4.8 billion. Diageo said the disposal aligns with its strategy…
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Vodacom Tanzania has reported strong operational and financial momentum in the first half of 2025/26, underpinned by double-digit revenue growth, expanding cash flows, and accelerating performance in its core digital and mobile money businesses. However, the telecom reported a marginal dip in net profit linked to deliberate, short-term investment decisions. In the six months to September 2025, the telecom’s revenue grew by 24% to TZS 905.3 billion (UGX 1.31 trillion), lifting operating profit by 27.8%, and swung free cash flow into positive territory at TZS 24.9 billion (UGX 35.9 billion). While net profit after tax edged down by 1.2% to…
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On a bright October week that also marked four decades of Ecobank’s presence in Africa, Ecobank Uganda chose to celebrate not with ceremony for its own sake, but with an investment in children often left at the margins of education systems. At the heart of the bank’s 13th Ecobank Day activities was a simple proposition: that inclusive, quality learning isn’t a charitable add-on, it is a development necessity, and technology can help make it real. A CSR tradition that has grown into a movement Since launching Ecobank Day in 2013, the Ecobank Group has turned a single day of corporate…
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SanlamAllianz Life Insurance Uganda has named Alexander Mukasa as its new Chief Executive Officer, effective December 2025, marking a significant leadership transition at one of the country’s most dynamic life insurance providers. Mukasa replaces long-serving insurance executive Gary V Corbit, who has proceeded into retirement after a distinguished multi-decade career spanning Uganda, Kenya, Zambia and the wider African insurance market. His arrival at SanlamAllianz coincides with major structural shifts within Uganda’s insurance sector, most notably the acquisition and merger of Marsh Uganda by Olea, a Pan-African insurance brokerage group. Until his appointment at SanlamAllianz, Mukasa served as Managing Director of…
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Century Bottling Company Limited walked into the Tax Appeals Tribunal hoping to end a costly dispute before it truly began. The Coca-Cola bottler was facing a fresh set of tax assessments from Uganda Revenue Authority (URA) covering 2013–2019, claims that pushed the disputed bill to roughly UGX 10.2 billion. To Century Bottling Company, the audit felt like a second bite at the same apple. To URA, it was a necessary correction after uncovering new facts. Century Bottling Company’s strategy was built around a procedural knockout. The company argued that URA had come too late. Under tax law, additional assessments are…
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