Company News

Uganda’s oil projects hit by delays, funding shortfalls – Auditor General says 

CEO ReporterBanking & Financial ServicesBusiness & MarketsCompany NewsEast AfricaEnergy, Oil & GasGlobal NewsNews & AnalysisPolitics & GovermentThe Big StoryJanuary 23, 2025January 23, 2025

The Auditor General, Edward Akol, has noted with concern that the Tilenga and KingFisher Development Area oil projects in western Uganda are behind schedule in hitting completion targets, with some…

Airtel Africa in strategic collaboration with top African artists to promote better data usage

Brian EmorutCompany NewsEast AfricaTechnology & InnovationJanuary 21, 2025January 21, 2025

Airtel Africa, a leading provider of telecommunications and mobile money services across 14 African countries, has partnered with three internationally renowned African artistes, Fally Ipupa (Democratic Republic of Congo), Diamond…

Kareem Ghaly Appointed Head of MENA at Alta Semper Capital LLP in Cairo, Egypt

Brian EmorutBanking & Financial ServicesCompany NewsGlobal NewsJanuary 20, 2025January 20, 2025

Kareem Ghaly has been appointed as the Head of the Middle East and North Africa (MENA) region at Alta Semper Capital LLP, with operations based in Cairo, Egypt. Bringing with…

DOB Equity Invests in Spouts International to Transform Access to Clean Water in East Africa

Brian EmorutCompany NewsJanuary 20, 2025January 20, 2025

East Africa’s impact investment leader, DOB Equity has announced an investment in Spouts International, a company transforming access to clean water with its locally manufactured ceramic water filters, branded as…

Dr. Chris Baryomunsi implores New Airtel MD Mr. Soumendra Sahu to build on ICT

Brian EmorutCompany NewsTechnology & InnovationJanuary 20, 2025February 22, 2025

The Honourable Minister of ICT and National Guidance, Dr. Chris Baryomunsi on Thursday officially welcomed Airtel Uganda’s New Managing Director, Mr. Soumendra Sahu and challenged him to add on the…

AB InBev’s subsidiary in Uganda, Nile Breweries, investigates staff over fraud

Muhereza KyamuteteraCompany NewsThe Big StoryJanuary 20, 2025January 20, 2025

Nile Breweries Limited, a subsidiary of global brewing giants Anheuser-Busch InBev ( AB InBev), is investigating a number of its staff in the sales and marketing units over fraud. The…

I&M Bank partners with A Pass for maiden concert and celebration of 10-year music journey 

Paul MurungiBanking & Financial ServicesBusiness & MarketsCompany NewsNews & AnalysisTechnology & InnovationJanuary 18, 2025February 8, 2025

Ugandan singer and songwriter Alexander Bagonza, popularly known as A Pass, is set to hold his maiden concert on January 31, 2025, at the Kampala Serena.  The event, dubbed “A…

BREAKING NEWS: Cooper Motors shuts down operations in Uganda, other East African countries 

Paul MurungiAgriculture & Agro-industryAutomobiles & MobilityBanking & Financial ServicesCompany NewsEast AfricaGlobal NewsManufacturing & IndustryNews & AnalysisThe Big StoryJanuary 17, 2025January 18, 2025

Cooper Motors Corporation (CMC) Holdings, the parent company of CMC (Uganda) Limited has announced its decision to gradually wind down operations in Uganda, Kenya and Tanzania, in full compliance with…

MAN IN THE HOT SEAT: What challenges await Soumendra Sahu, Airtel Uganda’s new boss?

Paul MurungiBanking & Financial ServicesBusiness & MarketsC-Suite LeadershipCompany NewsGlobal NewsNews & AnalysisTechnology & InnovationThe Big StoryJanuary 16, 2025January 16, 2025

Airtel Uganda has a new boss, Soumendra Sahu. He joins Uganda’s second-largest telco at an interesting time— increasing competition from MTN, the market share leader, and other independent ISPs. There…

Rotarians Raise $239,000 at the 4th Africa Peace Concert Towards Peace building and Conflict Prevention

Brian EmorutCompany NewsGlobal NewsJanuary 13, 2025February 1, 2025

Rotary Uganda, in partnership with the Rotary Foundation, successfully hosted the 4th Edition of the Africa Peace Concert at Nsambya Gardens. The event raised a total of $239,000 which will…