News & Analysis

May 13th – May 19th, 2023: Weekly financial markets review and outlook

Stephen KaboyoBanking & Financial ServicesNews & AnalysisThe Big StoryMay 19, 2023May 19, 2023

The Ugandan Shilling was relatively stable with flows from commodity Exeter’s and offshore investors lending support. The unit held in a narrow range of  2715/25. In the neighbouring Kenya market,…

Safeboda’s New CEO, Rob Sanford, Aims for Profitability and Growth Amid a Challenging Global Environment for Startups.

Jonathan N. LubwamaBusiness & MarketsC-Suite LeadershipEntrepreneurshipNews & AnalysisTechnology & InnovationThe Big StoryMay 19, 2023June 6, 2023

In an address to the Assembly Hall at the Paulskirche in Frankfurt, Germany on June 25, 1963, the then USA president, John F Kennedy said one of his famous quotes….

EARTH DAY 2023: GAYO Uganda Restores 3.5 Hectares of Degraded Nandere Forest, Luwero District

CEO ReporterCompany NewsNews & AnalysisMay 15, 2023May 15, 2023

Given the current challenges of climate change, the loss of biodiversity, deforestation and landslides in Uganda, over 100 climate change activists choose to wrap up the month of April in…

Airtel Uganda beats arch-rival, MTN to launch game-changing  eSIM Card

The CEO Magazine TeamCompany NewsNews & AnalysisThe Big StoryMay 15, 2023May 15, 2023

Airtel Uganda has launched its eSIM Card (embedded SIM) – a digital SIM that enables customers to access the same functionality as someone using a physical SIM. The eSIM offers…

MTN Uganda and Cente-Tech reaffirm partnership to drive digital-led inclusive growth and innovation

The CEO Magazine TeamNews & AnalysisThe Big StoryMay 11, 2023May 11, 2023

MTN Uganda, and Centenary Technology Services (Cente-Tech) have reaffirmed their resolve to work together to promote equity and inclusivity in basic digital services and skills, particularly for women, youth, and…

UGX32.9 bn profit and UGX1.1 trillion in assets; KCB Bank caps off Ugandan 15th anniversary stronger

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryMay 11, 2023May 11, 2023

KCB Bank Uganda, a subsidiary of KCB Group, one of East Africa’s largest financial groups, reported that its net profit for 2022, grew by an impressive 344.6% from UGX7.4 billion…

How Two Ugandan Startups, Kaara and Microfuse, Made it into Qualcomm’s Make in Africa Program.

Jonathan N. LubwamaCompany NewsNews & AnalysisTechnology & InnovationMay 11, 2023May 11, 2023

Ivan Karugaba will forever remember 12th April 2023. He was resting at his home in the evening and just like so many people that are into business, resting doesn’t mean…

Guinness Bright House: Shining a bright light on Uganda’s creative economy

The CEO Magazine TeamBusiness & MarketsCompany NewsNews & AnalysisMay 10, 2023May 10, 2023

It takes the tiniest of ideas to flicker outstanding workmanship in the creative industry. However, the ideas and the people behind the vibrant theories need guidance and nurturing,” – reads…

Housing Finance Bank opens its 18th branch in Hoima City 

Muhereza KyamuteteraCompany NewsNews & AnalysisMay 8, 2023May 8, 2023

Housing Finance Bank (HFB) on Wednesday 3rd May 2023, opened the opening of its 8th branch in Hoima City, with a promise to “provide the people of Hoima City and…

Explainer: Tech Startups are Built to Grow Fast. So Why Are the Likes of Safeboda and Copia Global Retreating from Markets?

Jonathan N. LubwamaBusiness & MarketsCompany NewsEntrepreneurshipGlobal NewsNews & AnalysisTechnology & InnovationThe Big StoryMay 5, 2023September 18, 2023

Paul Graham, the founder of the highly influential Y Combinator accelerator program penned arguably his most famous essay in September 2012. In this essay, titled Startups = Growth, Paul Graham…