As schools across Uganda reopen for the first term of the academic year, dfcu Bank has rolled out a nationwide back-to-school campaign aimed at easing the heavy financial burden that...
If ESG were a person, at Letshego Uganda, he/she would not be seated in a boardroom quoting frameworks. It would be on the road, on the phone, and occasionally on…
Eri Ssebowa is a seasoned finance and accounting professional with over nine years of progressive experience in strategic financial management, business partnering, financial reporting, and performance management across the banking,…
Following a reputational and financially bruising fraud scandal — in which the brewer estimates to have lost about UGX 9 billion — and the subsequent exit of its Heads of…
Kampala Associated Advocates (KAA) has been tapped to represent Stanbic Bank Uganda and its parent, Stanbic Uganda Holdings Limited, in one of the largest transfer-pricing disputes to reach the Tax…
Uganda Airlines has suspended its flights to Democratic Republic of Congo capital city, Kinshasa, after violent riots and attacks on several foreign embassies today. The Airline said in a statement that the suspension has become necessary as a result of the ongoing unrest in the DRC, including the capital Kinshasa. Before the suspension, the Airline’s Bombadier CRJ-900 had a frequency of four flights per week between Tuesday and Saturday. “Flights will remain suspended until the situation warrants normal operations,” the statement said. No official statement has been issued so far from the Embassy of Uganda in DRC. On Sunday, M23 rebels…
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With passenger numbers exceeding pre-pandemic levels, record-breaking cargo volumes, ambitious infrastructure upgrades, and a growing network of regional and international connections, Uganda’s aviation industry is soaring to new heights, promising better prospects for key industries such as tourism and trade. Uganda’s aviation sector is undergoing a remarkable transformation, driven by steady post-COVID growth and strategic leadership from the Uganda Civil Aviation Authority (UCAA). There are all indications that the sector has rebounded strongly from the disruptions caused by the pandemic, surpassing pre-pandemic levels in key performance metrics. Left-Right- UCAA Board Chairperson, Steven Kavuma_ Works and Transport Minister, Gen. Katumba Wamala_…
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In a significant ruling, the High Court of Uganda’s Commercial Division has dismissed a summary suit filed by Flutterwave, Inc. against True African (U) Limited, citing a lack of jurisdiction due to the arbitration clause in the parties’ original agreements. The case stemmed from a claim by Flutterwave seeking UGX 517,781,538.69, allegedly owed by True African under a Bulk Collection and Payment Agreement signed in 2018. Flutterwave argued that delays in settlements led to the dispute, which escalated despite attempts at resolution. Flutterwave claimed the dispute fell outside the arbitration clause because it was based on a subsequent payment plan…
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The High Court of Uganda, Commercial Division, has ruled in favour of Lexington Properties Limited in a contractual dispute against Alliance Media Uganda Limited, awarding $17,343.51 in unpaid licensing fees, with interest at 6% per annum from February 17, 2021, until full payment. The court also ordered Alliance Media to cover the costs of the suit. Justice Stephen Mubiru presided over the case and delivered the ruling. The dispute arose from a licensing agreement between the parties, in which Alliance Media leased advertising space at Acacia Mall, owned by Lexington Properties. Under the agreement, Alliance Media was required to pay…
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Uganda risks losing its trade and investment gains made with the Democratic Republic of Congo after an estimated 100 cargo trucks from Kenya’s Mombasa Port and Uganda remain stranded along the Northern Corridor route over the ongoing war. Goma city, a major export destination for Ugandan products in the eastern DRC turned bloody yesterday as the M23 rebels overran the city and continued to cause havoc forcing Ugandan traders to halt any trade activities until the situation normalises. William Busulwa, the Chairperson Uganda National Transporter Alliance while speaking to the CEO Magazine said out out of the estimated 100 cargo…
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Java House, a quick service restaurant chain in Uganda and other East African countries is set to change ownership for the fourth time in a space of a decade with the transaction awaiting approval from the Comesa Competition Commission. Alterra Capital Partners, an Africa- focused equity firm is set to acquire Java House from Actis International, a U.K based limited liability company registered in accordance with the laws of England. Actis holds an investment fund under the Actis LLP, a Mauritian investment holding company,which through its subsidiaries, is involved in the fast food and restaurants business, operating the Java House…
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In the heart of Uganda lies Kampala International University (KIU), an institution that has quietly but powerfully become a cradle for nurturing the next generation of leaders in East Africa. Among its many success stories is that of Stella Kijange Lajiri, a dynamic leader whose remarkable achievements exemplify KIU’s impact on shaping future change-makers. Stella’s journey from a first-year law student to an influential advocate for human rights and gender equality underscores KIU’s role as a transformative force in higher education. During her time at the university, Stella held key leadership roles that laid the foundation for her future. For…
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Uganda’s Finance Minister, Hon. Matia Kasaija, has reappointed Dickson Mushabe, the Founder and CEO of Hostalite, to the Makerere Innovation and Incubation Center (MIIC) board. This appointment recognizes Dickson’s outstanding contributions to fostering innovation and supporting entrepreneurs in Uganda. His reappointment underscores the confidence the government and his peers placed in him. In March 2023, MIIC was officially registered as a company limited by guarantee, with the Ministry of Finance and Makerere University as guarantors. The centre plays a pivotal role in nurturing innovation, supporting startups, and creating a thriving ecosystem for entrepreneurs in Uganda. In the official letter of…
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The global job marketplace needs constantly evolve, yet tertiary education isn’t revolving as fast. However, across Africa, private investors have emerged to fill this void. One of Africa’s more prominent investors in this space is Kenyan Peter Kagunye, the CEO of Africa Education Holdings (AEH) with four universities under its belt. His journey from a young accounting graduate in Boston to the helm of one of Africa’s most promising educational enterprises is a testament to his resilience, expertise, and unrelenting drive to make a difference. Peter Kagunye’s story begins with a strong academic foundation. He pursued his undergraduate studies at…
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Dr. Sudhir Ruparelia, the billionaire businessman and founder of the Ruparelia Group, and his daughter, Sheena Ruparelia, will be among the distinguished honorees at the 39th Victory Day Anniversary of the National Resistance Movement (NRM/A) on January 26, 2025. This prestigious event, held at the National Teacher’s College in Mubende District, will celebrate their monumental contributions to Uganda’s socio-economic growth. Recognising Impact and Legacy Under the theme, “39 Years of NRM/A: Salutation to Those Who Re-sanctified Our Homeland,” the Ruparelias will receive medals highlighting their significant role in the country’s economic and infrastructural development. Among their many achievements, the Ruparelias…
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