News & Analysis

Resilient performance amidst currency pressures! MTN Uganda brags about sustained investment in its half-year financials

Nelson NambooleNews & AnalysisAugust 4, 2022August 4, 2022

Uganda’s telecommunication giant, MTN Uganda Limited has announced its financial results for the six months ended 30 June 2022. The outgoing Chief Executive Officer (CEO), Wim Vanhelleputte says that despite…

DSTV Uganda increases monthly subscription fees on all its pay TV packages

CEO East Africa MagazineCompany NewsNews & AnalysisAugust 4, 2022August 4, 2022

Prompted by the on-going global financial effects that have propelled an increase in prices of commodities around the world, numerous companies including multi-nationals operating in Uganda are now revising various…

KCB Group moves to acquire DRC-based lender Trust Merchant Bank

CEO ReporterNews & AnalysisAugust 4, 2022August 4, 2022

KCB Group Plc has entered into a definitive agreement with shareholders of Trust Merchant Bank (TMB) to acquire a majority stake in the Democratic Republic of Congo (DRC)-based lender. The…

The Weakness in the fight against Climate Change and how to increase ambition levels

CEO ReporterNews & AnalysisThought LeadershipAugust 4, 2022August 4, 2022

By Felix Bob Ocitti Climate change is a global problem facing the human race from every part of the world without exception. This is due to human activity that has…

Uganda Development Bank launches program to prepare businesses for access to finance

Nelson NambooleNews & AnalysisAugust 4, 2022August 4, 2022

Uganda Development Bank (UDB), the country’s Development Finance Institution, has launched the Enterprise Development Program aimed at preparing entrepreneurs for financing through enhanced business practices. The Enterprise Development Program will…

Fuel cost dents July business productivity – Stanbic study

CEO ReporterBusiness & MarketsNews & AnalysisAugust 3, 2022August 3, 2022

Increasing inflationary pressures dented private sector business activity during July as the headline Stanbic Purchasing Managers’ Index (PMI) dipped below the threshold 50.0 no-change mark for the first time this…

Sustainable Utilisation of the Oil and Gas Resources in Uganda through Value Addition

CEO ReporterNews & AnalysisThought LeadershipAugust 3, 2022August 3, 2022

By Dozith Abeinomugisha, Director Midstream, PAU Benjamin Ariho, Senior Petroleum Officer, Refining, PAU Energy is one of the key drivers of economic growth and development world over. Overcoming energy poverty…

MakAt100: Makerere University launches digital system for alumni to donate towards different causes

Nelson NambooleNews & AnalysisAugust 3, 2022August 3, 2022

As part of their centenary celebrations, Makerere University through its University Endowment Fund, has commissioned a digital system in order to enable all the alumni to donate to different causes…

Phishing and Scams Hit the Roof in Kenya and Nigeria With a 438% and 174% Increase in the Number of Detections in Each Country Respectively in Q2 2022

CEO ReporterGlobal NewsNews & AnalysisAugust 3, 2022August 3, 2022

Kaspersky analysis has revealed that attacks related to data loss threats (phishing and scams/social engineering) increased significantly in Africa in Q2 2022 in comparison with the previous quarter. The company’s…

Kenyatta Commissions Kisumu Railway Station, expresses optimism on reduced cost of travelling

CEO ReporterEast AfricaNews & AnalysisAugust 2, 2022August 2, 2022

Kenyan President Uhuru Kenyatta on Monday commissioned the Kisumu Railway Station, expressing optimism that the rail transport will boost Kisumu’s status as an economic hub in the western region. Kenyatta…