Opening a restaurant is a dream that many people share, but only a few are able to turn it into a successful reality. The restaurant industry is known for being...
Not every entrepreneur faces the same barriers. While some struggle to access financing, others—like Ian Clarke—have found ways to navigate the system and unlock new opportunities. After stepping away from...
For three decades, the mobile phone has been an evolving cornerstone of Uganda’s landscape, consistently defying obsolescence. Far from being a mere communication device, it has seamlessly integrated into the…
Diana Nabukenya Adeyemi, Co-founder and CEO of Richland Foods Ltd, is the trailblazing entrepreneur behind the Yo ‘Nyama brand — a fast-growing network of halal butchery kitchens in Uganda. Her...
“Counting people should never cost a country its ability to make people count.” These words, first voiced during a 2015 keynote address by South African statistician Pali Lehohla at a UN Data Forum, warned of a dangerous paradox in national planning. In essence, Lehohla meant that the act of collecting statistics—however important—should not compromise the delivery of essential services that those statistics are meant to improve. Uganda’s 2024 national census embodied this contradiction. For instance, UGX1.61 billion meant for the Parish Development Model (PDM)—a programme targeting 39 percent of households stuck in subsistence—was diverted to plug funding gaps in the…
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In a region hungry for industrial transformation, one man is quietly forging a revolution. Sanjay Awasthi, the reclusive billionaire behind Tembo Steels, has built Uganda’s most advanced and environmentally conscious steel empire. With innovation, vertical integration, and a soft-spoken resolve, he’s proving that you don’t need noise to build a nation—just vision, steel, and heart. A quiet revolution is underway in the heart of Iganga District in eastern Uganda. At the centre of it stands a man who rarely seeks the spotlight but whose influence has reshaped an entire sector. Sanjay Awasthi, the Chairman and Founder of Tembo Steels Uganda…
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In a landmark moment for African enterprise, the continent’s wealthiest individuals have crossed the $100 billion threshold for the first time. The 2025 Forbes Africa Billionaires List shows that the…
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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The insurance sector in Africa, particularly in Uganda, presents a remarkable opportunity for growth and innovation. With a penetration rate of only 0.85% in Uganda and under 3% across the continent, the market is vastly underdeveloped compared to global averages, where insurance penetration typically hovers around 7%. As of 2023, the African insurance market is valued at approximately $87.4 billion, projected to reach $153.9 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.3% during this period. This stark contrast highlights the sector’s immense potential for expansion and innovation. Several factors drive this optimism, including a growing population…
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In the African startup ecosystem, acquisitions are rare. This is true for nascent ecosystems, and Uganda is no exception. An acquisition happens when one company, typically larger and more established, purchases another, usually smaller and newer. This can be driven by various factors, such as the acquiring company seeking to obtain innovative technology or intellectual property from the smaller firm, expanding into new markets where the smaller company has a strong foothold, eliminating a competitor to gain a stronger market position, or acquiring a talented team from the smaller company. Despite how our acquisitions are, there are a few that…
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Ugandan startups raised $19m in 2024, bouncing back from the lowly $4.8m that they raised in 2023 as per Africa: The Big Deal database. Africa: The Big Deal database is a database that captures African startups’ funding since 2019. For a startup to be classified as African, it must be operating in Africa with an HQ on the continent, or one with an HQ outside Africa but with African founders building for Africa. The database also captures publicly disclosed deals or those shared by investors/founders. It captures deals from $100k since 2021. The $19m raised in 2024 is way off…
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