News & Analysis

14 million Ugandans are said to have mental health issues. These Ugandan healthcare startups are fighting back

Jonathan N. LubwamaCompany NewsEntrepreneurshipNews & AnalysisTechnology & InnovationThe Big StoryMay 4, 2023May 4, 2023

According to a report from the Uganda Counseling Association and the Ministry of Health, 14 million Ugandans are currently mentally sick. Essentially, this implies that in every 100 Ugandans, 35…

Maxime Dieudonne and Alastair Sussock exit Safeboda as Co-CEOs; replaced by CFO Rob Sanford

Jonathan N. LubwamaEntrepreneurshipNews & AnalysisTechnology & InnovationThe Big StoryMay 3, 2023May 4, 2023

Safeboda co-founders Maxime Dieudonne, commonly referred to as Max and Alastair Sussock, have departed their joint role as Co-CEOs of Uganda’s biggest ride-hailing startup in a surprising move that was…

2022 net profits at Diamond Trust Bank’s Ugandan unit grow 16.2% to UGX35.8 bn

CEO ReporterCompany NewsNews & AnalysisThe Big StoryMay 2, 2023May 2, 2023

Diamond Trust Bank Uganda, the Ugandan subsidiary of the Kenya-headquartered Diamond Trust Bank Group has released its 2022 financials reporting double-digit growth in deposits, lending, income, profits and assets. According…

Housing Finance Bank profits reach a record UGX58.5 bn; becomes Uganda’s 5th most profitable bank

The CEO Magazine TeamCompany NewsNews & AnalysisThe Big StoryMay 2, 2023May 2, 2023

Housing Finance Bank, the government of Uganda and NSSF-owned lender is now Uganda’s 5th most profitable bank, jumping three positions from the 8th in 2021.  In 2022 results released last…

Grace Muliisa leads Ecobank’s double-digit growth and a turnaround to profitability

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryWomen In LeadershipApril 28, 2023April 28, 2023

Ecobank Uganda, the Ugandan unit of the Ecobank Group has today published its 2022 results, reporting a marked double-digit turnaround on nearly all its key fundamentals. The bank also reported…

Buganda Katikkiro inaugurates new K2 Telecom Board; William Sekabembe to chair the 10-member team

The CEO Magazine TeamCompany NewsNews & AnalysisThe Big StoryApril 27, 2023April 27, 2023

The Katikkiro of Buganda Owek. Charles Peter Mayiga, on 26, April 2023, at Bulange Mengo, inaugurated the new Board of Directors to oversee the performance of K2 Telecom, a Kingdom-owned…

Ensuring that no African is left behind- the  role of satellite technology and services in Africa’s growth journey

theceomaCompany NewsNews & AnalysisThought LeadershipApril 26, 2023April 26, 2023

By Scott Mumford, Chief Commercial Officer Liquid Dataport & Chief Executive Officer Liquid Satellite Besides drumming up fascination on social media as people share photos and debate the “strange strings…

Q&A: Time up for international tax evaders as URA enhances data-sharing with global tax authorities under the Exchange of Information program

Muhereza KyamuteteraCEO PerspectivesNews & AnalysisThe Big StoryApril 25, 2023April 25, 2023

What is the Exchange of Information Exchange program? Exchange of Information is the cross-border sharing of taxpayer information by tax administrations under a legal framework. According to the Organisation for…

Housing Finance Bank and the Uganda North American Association (UNAA) partner to simplify investing back home

CEO ReporterCompany NewsNews & AnalysisApril 24, 2023April 24, 2023

Housing Finance Bank (HFB) Uganda has announced its partnership with the Uganda North American Association (UNAA) to offer investment solutions for Ugandans living in the Diaspora. The partnership also allows…

Financial Inclusion, Digital Advancement and Sustainable Banking⏤ Fabian Kasi explains Centenary Bank’s 2022 performance

Fabian KasiCompany NewsNews & AnalysisThought LeadershipApril 23, 2023April 23, 2023

I am pleased to present Centenary Bank’s 2022 financial results. Despite a challenging operating environment, we were able to maintain stellar performance. During 2022 our operating environment was affected by…