News & Analysis

Ugandan Startups Raised USD70m in 2022 As Funding for African Startups Rises to Almost USD5billion

Jonathan N. LubwamaCompany NewsNews & AnalysisFebruary 6, 2023July 14, 2023

Startups are companies that are built to grow fast. This was well articulated by Y Combinator’s Paul Graham in his 2004 article startups = growth. In this article, Paul Graham…

Ugandan Parliament approves UGX49.98 trillion 2023/24 budget proposals

Jeff WintersNews & AnalysisPolitics & GovermentThe Big StoryFebruary 3, 2023February 3, 2023

The Ugandan Parliament on 31 January 2023 passed the Budget Framework Paper with proposals of to spend UGX49.98 trillion (USD13.6 billion) for the financial year 2023/2024. The passing of the…

The rise of the Ugandan CEO – why more Ugandans are being trusted to run blue chip companies at home and abroad 

Muhereza KyamuteteraBusiness & MarketsC-Suite LeadershipNews & AnalysisThe Big StoryThe Uganda 300 IndexFebruary 2, 2023February 2, 2023

The year 2022 was a great year for the Ugandan Executive. More than 10 Ugandans rose to become Chief Executives of some of Uganda’s largest and most influential companies, as…

THE 24-YEAR UNSOLVED QUESTION: Did Bank of Uganda seize and sell the assets of the wrong Co-operative Bank?

Muhereza KyamuteteraBusiness & MarketsNews & AnalysisThe Big StoryJanuary 25, 2023January 25, 2023

Twenty-four (24) years, after Bank of Uganda, seized and sold the assets of the Co-operative Bank, the mystery of the ownership of the bank that was sold remains unresolved. This…

Overtaxed, and bullied by corrupt regulators, helpless Asian real estate investors start ‘fleeing’ to Nairobi and Dubai

The CEO Magazine TeamBusiness & MarketsNews & AnalysisThe Big StoryJanuary 22, 2023July 1, 2023

Acacia Mall one of Uganda’s prestigious and much sought-after malls has been sold. Alykhan Karmali’s  Gulfstream Investments (U) Ltd, an investment vehicle through which he owned property, according to very…

68 audit firms including PwC and Mazars fail to make it to Bank of Uganda’s list of external audit firms to audit financial institutions for 2023

CEO ReporterBusiness & MarketsNews & AnalysisThe Big StoryJanuary 21, 2023January 21, 2023

Bank of Uganda has released the list of 18 shortlisted external audit firms that will audit supervised financial institutions in 2023.  Section 62 (1) of the Financial Institutions Act (FIA)…

OPINION: Why Real Estate Investors May Reconsider Uganda as an Investment Destination

Linda Mugisha MbabazizeBusiness & MarketsNews & AnalysisThought LeadershipJanuary 20, 2023January 20, 2023

The state of buildings in a locality, zone or city normally gives the first impression to a newcomer of the economic state of the area. The skyline of Dubai, Hong…

OPINION: URA Puts Taxpayers First When Mobilising Revenue 

theceomaNews & AnalysisThought LeadershipJanuary 19, 2023January 19, 2023

By James Asiimwe Kamara Tax is a price we pay for a civilised and organised society. It is the major source of revenue that enables governments the world over to…

I&M Bank Uganda opens first-of-its-kind banking channel at Kingdom Kampala Building

Jeff WintersBanking & Financial ServicesBusiness & MarketsCompany NewsNews & AnalysisThe Big StoryJanuary 18, 2023January 18, 2023

The one-of-a-kind Kingdom Kampala Branch will host the bank’s affluent banking brand known as I&M Select Banking, as well as a Corporate Banking Centre, 24-hour ATM and the soon-to-be-launched 24/7…

EXCLUSIVE: An interview with Mathias Katamba, on why he is leaving dfcu Bank and his next moves

Muhereza KyamuteteraBanking & Financial ServicesNews & AnalysisThe Big StoryJanuary 7, 2023January 7, 2023

Mathias Katamba, the outgoing Managing Director and Chief Executive Officer of Uganda’s dfcu Bank, has spoken to CEO East Africa Magazine, confirming he is exiting the bank, which he has…