East Africa

Men and women who will be driving Uganda’s power distribution function: Who is who on UEDCL’s Exco team? 

Paul MurungiEast AfricaExecutive ProfilesNews & AnalysisThe Big StoryApril 1, 2025April 1, 2025

As Uganda Electricity Distribution Company (UEDCL) formally takes over the power distribution function, it will be months or even years before Ugandans move on from the days of Umeme.  Yes,…

The Umeme buyout heat that is threatening to turn chaotic

Paul MurungiBusiness & MarketsEast AfricaNews & AnalysisThe Big StoryMarch 28, 2025March 28, 2025

The current rope pulling and shoving offer an insight into what is turning out to be an interesting twist in the exit of Umeme.  Until a few days ago, the…

Auditor General recommends UGX 433 billion Buyout amount as Umeme seeks UGX 858 billion

Paul MurungiEast AfricaLegal & JusticeNews & AnalysisThe Big StoryMarch 27, 2025March 28, 2025

Uganda Parliament Speaker, Anita Among has today received the Auditor General’s report on Umeme which recommends a USD 118 (UGX 433 billion) Buyout amount for the unrecovered investments.  Speaker Among…

Pay Tv service providers lost 47,000 of subscribers in 2024

Paul MurungiCompany NewsEast AfricaNews & AnalysisThe Big StoryMarch 26, 2025March 26, 2025

Pay television service providers lost at least 31.9% subscribers in the 12 months to December 2024, according to the Uganda Communications Commission (UCC) Market Performance Report. The loss is contained…

Uganda Gov’t plans to borrow over UGX 5.8 trillion in a single sitting amid rising debt concerns

Paul MurungiBanking & Financial ServicesEast AfricaNews & AnalysisPolitics & GovermentThe Big StoryMarch 25, 2025March 25, 2025

A leaked memo from the Office of the Prime Minister reveals that the government of Uganda plans to review and possibly approve borrowing proposals amounting to over USD 1.6 billion…

Stanbic’s Net Profit Touches a Record UGX 478Bn: 10 Facts and Figures That Explain This Record Performance

Paul MurungiBanking & Financial ServicesBusiness & MarketsEast AfricaThe Big StoryMarch 24, 2025March 25, 2025

Stanbic Uganda Holdings Limited (SUHL) has once again proven its financial strength, posting a record net profit of UGX 478 billion in 2024, up from UGX 411.5 billion in 2023,…

Stanbic Uganda Posts Record UGX 478 Billion Profit in 2024, Assets Cross UGX 10 Trillion Mark

Paul MurungiBanking & Financial ServicesEast AfricaThe Big StoryMarch 24, 2025March 24, 2025

Stanbic Uganda Holdings Limited (SUHL), the parent company of Stanbic Bank Uganda and four other subsidiaries, has announced a record net profit of UGX 478 billion for the financial year…

Ali Monzer appointed MTN Rwanda’s new CEO after spending a year in South Sudan

Paul MurungiCompany NewsEast AfricaNews & AnalysisThe Big StoryMarch 22, 2025March 22, 2025

 Ali Monzer, a seasoned telecommunications professional has been appointed the new Chief Executive Officer of MTN Rwanda.  He replaces Ms. Mapula Bodipe, a South African national who has been holding…

Uganda Airlines launches new route to London amidst questions on profitability

CEO East Africa MagazineCompany NewsEast AfricaGlobal NewsNews & AnalysisThe Big StoryMarch 20, 2025March 20, 2025

Uganda Airlines has officially launched direct flights to London, United Kingdom. The airline will fly four times a week using the Airbus A330-800neo.  Ms Jennifer Bamuturaki, the Uganda Airlines CEO…

UEDCL absorbs 90 percent of Umeme staff, seeks more UGX 1.3 trillion to stabilise power sector 

Paul MurungiCompany NewsEast AfricaNews & AnalysisThe Big StoryMarch 19, 2025March 20, 2025

The Uganda Electricity Distribution Company Limited (UEDCL) has absorbed an estimated 2,200 of Umeme staff, out of the 2,400 staff that the private power distributor holds currently.  UEDCL Managing Director,…