East Africa

UNBS hires three Japanese companies to inspect used motor vehicles

Paul MurungiCompany NewsEast AfricaNews & AnalysisThe Big StoryMarch 14, 2025March 14, 2025

 The Uganda National Bureau of Standards has contracted inspection services of three international firms to provide Pre-Export Verification of Conformity (PVOC) for used motor vehicles, and other related equipment for…

Nigerian Billionaire Aliko Dangote’s backed investors take over Java House restaurant chain 

Paul MurungiEast AfricaLifestyleNews & AnalysisThe Big StoryMarch 11, 2025March 11, 2025

Leading African private equity firms Alterra Capital backed by Nigerian Billionaire and Africa’s richest man, Aliko Dangote, and Phatisa- an equity firm, have signed agreements to acquire 100% of Java…

Ugandan court orders Kenyan businessman Atul Shah to pay UGX 1.3 billion rent arrears for defunct Nakumatt supermarket

Paul MurungiEast AfricaLegal & JusticeThe Big StoryFebruary 24, 2025February 25, 2025

The Commercial Division of the High Court in Uganda has ordered Kenyan businessman Atul Shah to pay Megha Industries Uganda $358,431 (UGX 1.3 billion) and UGX 24.3 million for breach…

What does the UGX700 billion buyout mean for Umeme shareholders?  

Paul MurungiBanking & Financial ServicesEast AfricaThe Big StoryFebruary 24, 2025February 25, 2025

Now that we know we have an idea of the Umeme buyout amount, what could be in it for shareholders?  Umeme has since last year been one of the most…

British International Investment sells its 10 percent stake in I&M Group

Paul MurungiBanking & Financial ServicesEast AfricaGlobal NewsThe Big StoryFebruary 22, 2025February 22, 2025

British International Investment (BII), UK’s development finance institution and impact investor, has sold its 10.1% stake in I&M Group PLC, East  Africa’s banking group, to AfricInvest. The acquisition was made…

Why charging parking fees could be a raw deal for mall operators and tenants  

CEO ReporterBusiness & MarketsCompany NewsEast AfricaNews & AnalysisThe Big StoryFebruary 22, 2025February 22, 2025

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Finally, BoU Has A Fully Constituted Board: But Who Is Who On One Of The Most Powerful Boards In The Country? 

Muhereza KyamuteteraBanking & Financial ServicesEast AfricaExecutive ProfilesThe Big StoryFebruary 21, 2025February 22, 2025

In fact, it will be the first time the Central Bank has had a chairman in more than 36 months since Emmanuel Tumusiime Mutebile’s death on January 23, 2022.  The…

Airtel Uganda reports UGX 317 billion in net profit as voice and data revenues grow 

Paul MurungiBanking & Financial ServicesEast AfricaNews & AnalysisThe Big StoryFebruary 20, 2025February 20, 2025

Airtel Uganda has reported a profit after tax (PAT) of UGX 316.7 billion for the 12 months to December 2024, signalling improved performance compared to in the same period in…

Uganda sets tough certification rules for foreign engineers 

Paul MurungiBusiness & MarketsEast AfricaGlobal NewsNews & AnalysisThe Big StoryFebruary 19, 2025February 19, 2025

The Engineers Registration Board (ERB) is set to enforce a rule requiring all foreign nationals involved in engineering projects to register and obtain ERB certification within four months of their…

Govt seeks to borrow UGX697b from Stanbic Bank to fund Umeme buyout 

Paul MurungiBanking & Financial ServicesEast AfricaGlobal NewsNews & AnalysisPolitics & GovermentThe Big StoryFebruary 17, 2025February 17, 2025

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