Asahi Group Holdings, the Japanese brewing and beverages giant, has picked Absa Bank Kenya PLC, ENS Africa, A&O Shearman and Nomura Holdings to advise on its USD 2.3 billion acquisition…
When veteran journalist Andrew Mwenda posted a video of weary passengers stranded at Entebbe International Airport, his words cut deeper than the images themselves. “The tragedy happening at Uganda Airlines…
Kenya Gov’t to Sell 15% Safaricom Stake to Vodacom in KShs 241 billion (UGX 6.5 Trillion Deal) The Kenyan government Kenya has officially begun the process of selling a 15…
They say actions speak louder than words, and with Paloma Lengema at the helm, BIC’s impact is clear, sharp, bold, and lasting like the iconic Cristal pen. Rising through BIC’s…
When Dr. Layi Fatona took the stage at the Stanbic Bank East Africa Economic Summit in Kampala, there was a certain stillness in the room — the kind that precedes...
Smile ID, Africa’s leading provider of identity verification solutions, has released its 2025 Digital Identity Fraud in Africa Report, highlighting critical fraud trends across the continent. The report reveals that East Africa recorded the highest rejection rate for combined biometric and document verification attempts, reaching 27% in 2024, primarily due to the reliance…
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One may wonder what’s on Jennifer Bamuturaki’s mind; is it the war in Congo and its impact on Uganda Airlines’ operations, the public scrutiny of her financial losses as a chief executive of a national carrier, or perhaps the airline’s expansion plans for 2025? Bamuturaki has had some lucky years and…
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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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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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Travelling in rural Uganda and interacting with the population whose farming activities are imperiled by unprecedented rainfall patterns, one is likely to hear farmers who have worked the same land…
An Auditor General’s investigation has exposed the Ministry of ICT and National Guidance for mishandling over UGX 13.8 billion, which was meant to support Ugandan innovators in developing their ideas and innovations from prototypes into finished products. Details show that in 2017, the government, through the Ministry of ICT and National Guidance, embarked on a National ICT Initiatives Support Program (NIISP) to create an ICT ecosystem that could provide local innovators with the necessary financial, technical, and infrastructure resources to incubate, develop, and market their products in Uganda, the East African Region, and beyond. However, a Value for Money Audit…
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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 activities also facing a funding crisis. The Auditor noted that whereas the Uganda commercial oil production plans had set a target of drilling 451 oil wells, the Field Development Plan (FDP) designated only 177 (approximately 39%) as necessary for the initial phase of oil production targeted for November 2025, and which was later projected to 2027. However by the time of the compiling of the Auditor’s report in November 2024,…
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