Kaspersky experts outline how the rapid development of AI is reshaping the cybersecurity landscape in 2026, both for individual users and for businesses. Large language models (LLMs) are influencing defensive…
If ESG were a person, at Letshego Uganda, he/she would not be seated in a boardroom quoting frameworks. It would be on the road, on the phone, and occasionally on…
Ugandan businesses maintained a broadly optimistic outlook through 2025, supported by steady order flows and firm expectations for the near term, even as credit conditions tightened and confidence eased toward…
Eri Ssebowa is a seasoned finance and accounting professional with over nine years of progressive experience in strategic financial management, business partnering, financial reporting, and performance management across the banking,…
Centenary Bank and Bees and Trees Uganda launched the Coffee Agroforestry for Environment and Livelihood Enhancement initiative, aimed at restoring degraded land, promoting environmental conservation, improving livelihoods, and strengthening financial…
In an extraordinary act of shareholder resolve, a majority of the minority investors in Uganda Breweries Limited (UBL) stood their ground against a high-stakes buyout offer from East African Breweries Limited (EABL), rejecting what was marketed as a generous cash-out opportunity. Now, through extensive research and access to regulatory filings, CEO East Africa Magazine can reveal the names behind the two sides of this gripping corporate showdown – those who sold, and those who refused. The high-stakes offer In September 2024, EABL – already holding a 98.19% stake in UBL – launched a final push to acquire the remaining 1.81%…
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East African Breweries Limited (EABL), one of the crown jewels in Kenya’s corporate sector, is now at the centre of market speculation following a broader strategic pivot by its parent company, Diageo PLC, which has been steadily retreating from several African markets. According to a report by Business Daily Africa, the British beverages giant on Tuesday unveiled a sweeping $500 million (KSh64.65 billion) cost-cutting and asset disposal programme as part of what it calls an “asset-light model,” a strategy designed to reduce exposure to volatility in emerging markets and boost returns. The Nairobi Securities Exchange-listed EABL, in which Diageo holds…
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Equity Bank Fires Nearly 200 Staff in Sweeping Integrity Crackdown Following M-Pesa and Account Audit Uganda’s UGX 65 Billion Loan Fraud and UGX 4 Billion Visa Losses Reveal Deeper Regional…
Senior marketing guru Juliana Kaggwa has been appointed the new Chief Executive Officer of the Uganda Tourism Board, replacing Lilly Ajarova, who moved on to a new role as Senior Presidential Advisor on Tourism and Wildlife. Kaggwa has been the Group Marketing & Sales Director at SeedCo, an African Seed Company based in Zimbabwe. However, her notable career moments were registered at Uganda Breweries Limited (UBL) as Marketing & Innovations Director where she was responsible for ensuring the profitable and sustainable growth of the focus brands in the UBL portfolio. To her name are brand innovations like the famous Uganda…
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The Uganda Bankers Association (UBA) has named Stanbic Bank Uganda’s Country Manager for Reputation and Corporate communication as the new Chairperson of the Peer Committee on Marketing and Communication, succeeding…
dfcu Bank has today officially announced its partnership with World Navi Company Limited, a trusted motor vehicle dealership, to launch an innovative Vehicle and Asset Financing solution aimed at simplifying…
The Bank of Uganda (BoU) has opted to hold its Central Bank Rate (CBR) steady at 9.75% in its May 2025 Monetary Policy statement, citing a resilient domestic economy and broadly contained inflation, but warning of heightened global uncertainties and a shifting balance of risks that could push inflation upwards in the near term. The Monetary Policy Committee (MPC), chaired by Governor Michael Atingi-Ego, emphasized that while inflation remains below target and growth remains firm, there is increasing concern over the potential for inflationary pressures to build up if economic activity accelerates beyond current supply capacities or if global disruptions…
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The persistent hum of the concrete city jungle gradually fades into a distant memory as the boat glides effortlessly through the serene waters of Lake Victoria. A refreshing breeze carries with it the faint whispers of seasoned rocks and untold wonders, creating an enchanting atmosphere that perfectly sets the stage for Dolwe Island. This hidden gem, cradled in the heart of Namayingo District and nestled between the waters of Kenya and Tanzania, beckons with its lush greenery and tranquil beauty, promising adventures waiting to unfold. The Resort Here, away from the relentless pace of the mainland, lies La Fang Eco…
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In April 2024, Ms. Crystal Kabajwara made history as the first female Chairperson of Uganda’s Tax Appeals Tribunal (TAT). Her appointment marked a defining moment for the institution, which has…
Stanbic Bank Kenya, a subsidiary of Stanbic Holdings Plc, reported a 16.6% decline in net profit for the first quarter ended March 2025, largely attributed to a sharp drop in non-interest income, particularly from forex trading activities. According to reporting by Business Daily Africa, the bank posted a net profit of KSh 3.3 billion for Q1 2025, down from KSh 3.9 billion in the same period the previous year. The main contributor to the decline was a 27.2% slump in non-interest income, which fell to KSh 2.7 billion. Notably, forex trading income plunged to KSh 977 million from KSh 2.3…
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