News & Analysis

Islamic banking has potential to significantly impact Uganda’s economic development says Museveni as he launches Salaam Bank 

CEO East Africa MagazineBanking & Financial ServicesCompany NewsNews & AnalysisMarch 30, 2024March 30, 2024

President Yoweri Museveni has officially launched the national operations of Salaam Bank in Uganda.  This is as he joined the Muslim fraternity for Duwa Prayers at Kololo Independence Grounds on…

Kenya grants Uganda petroleum products import license, as two trade frenemies bury yet another hatchet 

Muhereza KyamuteteraNews & AnalysisThe Big StoryMarch 29, 2024March 29, 2024

The government of Kenya, through its energy sector regulators, the Energy and Petroleum Regulatory Authority of Kenya (EPRA) has finally granted the the Uganda National Oil Company (UNOC) a petroleum…

PRODUCT OF THE WEEK: Premier Banking by Ecobank Uganda 

CEO East Africa MagazineBanking & Financial ServicesCompany NewsNews & AnalysisMarch 27, 2024March 27, 2024

Ecobank Uganda this week launched Premier Banking, by Ecobank, its elite offering, “tailored to meet the sophisticated needs of its most esteemed clientele”. The service, according to a statement by…

I&M Group Plc 2023 grew by 15% to reach a record KES13.3 billion 

Muhereza KyamuteteraCompany NewsNews & AnalysisMarch 27, 2024March 27, 2024

I&M Group PLC has recorded a Profit After Tax of KES 13.3 billion (approximately UGX390 billion; over USD101 million) for the year ended 31st December 2023. This is a 15%…

Housing Finance Bank roots for collaboration to ease vehicle and equipment leasing 

Muhereza KyamuteteraBanking & Financial ServicesCompany NewsNews & AnalysisMarch 27, 2024March 27, 2024

To meet the growing demand for vehicles and equipment leasing, especially by businesses, Housing Finance Bank has called for a closer collaboration by ecosystem players such as financiers, asset vendors,…

East Africa’s crude oil pipeline gets a boost as thermal insulation plant gets launched and two key land lease and ports agreements signed 

Muhereza KyamuteteraNews & AnalysisThe Big StoryMarch 27, 2024March 27, 2024

Commercial efforts by Uganda to extract and commercialise her oil and gas resources received a major boost this week as the East African Crude Oil Pipeline (EACOP) Ltd on 26th…

Stanbic Uganda Holdings net profits hit UGX412 billion on the back of innovative lending

Muhereza KyamuteteraBusiness & MarketsNews & AnalysisThe Big StoryMarch 25, 2024March 25, 2024

Stanbic Uganda Holdings Limited (SUHL), a franchise of the Standard Bank Group—Africa’s largest commercial lender by assets, has announced a profit after tax of UGX412 billion for the period ending…

Diamond Trust Bank Uganda names Godfrey Sebaana as its new CEO and Managing Director

Muhereza KyamuteteraC-Suite LeadershipExecutive ProfilesNews & AnalysisThe Big StoryMarch 25, 2024March 25, 2024

The Board of Directors of Diamond Trust Bank Uganda Limited (DTBU) has named Godfrey Sebaana, a seasoned banker with over twenty years of experience, as its new Chief Executive Officer…

UGX 7 trillion approved for Ugandan firms in the oil and gas sector

The CEO Magazine TeamNews & AnalysisThe Big StoryMarch 22, 2024March 22, 2024

In the wake of the announcement of the Final Investment Decision (FID) in February 2022, the Petroleum Authority of Uganda (PAU) has sanctioned contracts valued at approximately USD7.16 billion. Of…

TOURISM SECTOR RECOVERY: Uganda must put money where its mouth is; we talk too much⏤ Amos Wekesa

Muhereza KyamuteteraCEO PerspectivesNews & AnalysisThe Big StoryMarch 22, 2024March 22, 2024

And he doesn’t just talk, he also puts money where his mouth is. His new Tanzanian outfit, Mwamba Lodge Tarangire Limited has gotten a 50-year lease to run the former…