Business & Markets

Kenya Shilling Holds Firm as Remittances Rise and Markets Show Mixed Signals – Central Bank Report

CEO East Africa MagazineThe Big StoryMarch 14, 2026March 14, 2026

Kenya’s financial markets displayed a mix of resilience and caution during the week ending March 12, with the Kenya Shilling holding steady against major currencies. Remittances continued to rise, and…

Five Years of Ambition: MTN Caps Strategy Cycle With Strong Growth

Muhereza KyamuteteraThe Big StoryMarch 13, 2026March 13, 2026

MTN Uganda has closed the final year of its Ambition 2025 strategy with strong financial and operational performance, underscoring the success of the telecom giant’s five-year push to transform from…

Building Financial Resilience: How CFO Arnold Ainebyona Is Positioning SanlamAllianz Life for Growth and Capital Strength

Paul MurungiBusiness & MarketsInsuranceThe Big StoryMarch 13, 2026March 13, 2026

As the global insurance giants Sanlam and Allianz deepen their partnership across Africa, Uganda’s life insurance sector is entering a new phase of strategic alignment, capital strength and governance discipline. …

“We Want to Be the Bank of Choice for Economic Development”: Saviour Chibiya on Absa’s Strategic Bet on East Africa 

Muhereza KyamuteteraThe Big StoryMarch 13, 2026March 13, 2026

Over the past year, Absa Group has been hard to miss in East Africa. From boardroom visits and executive engagements to high-profile financing deals and infrastructure transactions, the bank has…

I&M Bank Katogo Golf Series Returns to Entebbe with Innovative Format and High-Stakes Rewards

Brian EmorutBanking & Financial ServicesCompany NewsMarch 13, 2026March 13, 2026

After a short break, the I&M Bank Katogo Golf Series will officially tee off the 2026 season this Saturday, March 14, at Entebbe Club’s par-71 golf course. The new season,…

UK Scholarships Unit Head Visits Uganda to Strengthen Chevening and Commonwealth Education Partnerships

Brian EmorutNews & AnalysisMarch 13, 2026March 13, 2026

The Head of the UK Scholarships Unit, Dr Emma Hennessey, has concluded a high-impact visit to Uganda aimed at strengthening partnerships that underpin the Chevening and Commonwealth Scholarship programmes, and…

Stanbic, Absa and Centenary Control Nearly Half of Uganda’s Bancassurance Market as Premiums Top UGX 302 Billion

Paul MurungiBanking & Financial ServicesInsuranceThe Big StoryMarch 13, 2026March 13, 2026

The bancassurance market is increasingly consolidating around a small group of dominant lenders, with Stanbic, Absa and Centenary emerging as the leading distributors of insurance through banking channels. The Insurance…

Insurance Premiums Hit UGX 2.03 Trillion as Jubilee and Prudential Lead Life, SanlamAllianz and Old Mutual Dominate Non-Life

Paul MurungiBusiness & MarketsInsuranceThe Big StoryMarch 13, 2026March 13, 2026

The insurance industry closed the fourth quarter of 2025 with gross written premiums of UGX 2.02 trillion, representing a 14.8% growth from UGX 1.76 trillion in the same period of…

Tanzanian Executive Justin Mollel Named Incoming EABL Group Chief Financial Officer

CEO East Africa MagazineThe Big StoryMarch 12, 2026March 12, 2026

East African Breweries Limited (EABL) has appointed Justin Mollel, a Tanzanian national and former Finance Director of Serengeti Breweries Limited, as the company’s incoming Group Chief Financial Officer (CFO). In…

Africa Loses Over $10 Billion to Breast Cancer as Experts Call for Strategic Investment in Women’s Health

Brian EmorutGlobal NewsNews & AnalysisMarch 12, 2026March 12, 2026

Investing strategically in the health of Africa’s women will unlock billions of dollars in economic growth, save lives, and strengthen communities, according to speakers at Africa Press Day, held in…