News & Analysis

REVOLUTIONISING THE UGANDAN HOUSING INDUSTRY: Uganda Baati unveils game-changing stone-coated steel roof tiles

The CEO Magazine TeamCompany NewsNews & AnalysisJune 14, 2023June 14, 2023

Uganda Baati Limited, a member of the Safal Group, has unveiled cutting-edge stone-coated steel roof tiles under the brand name Lifestile®. This revolutionary stone-coated steel roof tile combines light weight,…

How Mark Williams Nkugwa is Building A School on WhatsApp Using AI.

Jonathan N. LubwamaEntrepreneurshipExecutive ProfilesNews & AnalysisTechnology & InnovationJune 7, 2023June 7, 2023

The emergence of artificial intelligence (AI) has ushered in a transformative era in technology, reshaping industries and revolutionizing the way we live and work. Over the past decade, AI has…

Continuing its Cost-Cutting Measures, Chipper Cash Undertakes a Third Round of Layoffs Since December

Jonathan N. LubwamaBusiness & MarketsEntrepreneurshipNews & AnalysisTechnology & InnovationThe Big StoryJune 5, 2023June 6, 2023

Pan African startup, Chipper Cash, has laid off at least 10 employees in its latest round of playoffs including the Global Head of Marketing and the Country Director of Kenya….

DETAILS: How digital thieves made away with UGX1.3 bn from Pride Microfinance

Muhereza KyamuteteraBusiness & MarketsNews & AnalysisThe Big StoryJune 1, 2023June 5, 2023

Pride Microfinance Limited a government of Uganda-owned deposit-taking Microfinance institution was early May 2023 hacked and UGX1.3 billion stolen, CEO East Africa Magazine can exclusively reveal.  Although the financial institution…

Explainer: How Are Startups Valued?

Jonathan N. LubwamaBusiness & MarketsEntrepreneurshipNews & AnalysisTechnology & InnovationThe Big StoryJune 1, 2023June 1, 2023

In startups and general businesses, valuation refers to the process of determining the financial worth or value of a company. It is an estimation of what the market considers the…

UGANDA: National Budget Month Launched

The CEO Magazine TeamNews & AnalysisPolitics & GovermentJune 1, 2023June 1, 2023

The Ministry of Finance Planning and Economic Development, Uganda Revenue Authority (URA) and Civil Society Organizations have launched the National Budget Month ahead of the reading of the 2023/24 financial…

Jumia’s Q1 2023 Financials: Losses Fell by More Than 50% Despite a 22% Drop in Active Users.

Jonathan N. LubwamaBusiness & MarketsEntrepreneurshipNews & AnalysisTechnology & InnovationMay 25, 2023June 6, 2023

Africa’s leading e-commerce platform, Jumia, recently recorded strong financial growth in the first quarter of 2023. This happened under her new leadership led by Francis Dufay who became full-time CEO…

EAC Partner States remain committed to implementing the Common Market Protocol

The CEO Magazine TeamNews & AnalysisThe Big StoryMay 24, 2023May 24, 2023

East African Community (EAC) Partner States’ commitments to the free movement of capital, services and goods is the bedrock of trade integration in East Africa, EAC Secretary General, Hon. (Dr.)…

With new leadership, a richer product portfolio, a new home and plant, Hariss International looks to another era of growth

The CEO Magazine TeamCompany NewsNews & AnalysisThe Big StoryMay 23, 2023May 23, 2023

Hariss International Limited, the makers of Riham products, is currently undergoing a significant leadership transition on the back of investing in a new manufacturing plant to keep up with the…

43% of African Banks Identify Fintechs, Neobanks and Telecoms as Top Threats to Their Business.

Jonathan N. LubwamaBusiness & MarketsEntrepreneurshipGlobal NewsNews & AnalysisTechnology & InnovationThe Big StoryMay 23, 2023May 23, 2023

43% of banks cited the rise of fintechs and challenger banks as the biggest threats to their business according to the third edition of the African Digital Banking Transformation Report…