Business & Markets

Platinum Credit Uganda Lands $4 Million Investment to Expand Inclusive Lending

CEO East Africa MagazineCompany NewsFebruary 27, 2026February 27, 2026

Platinum Credit Uganda (PCU), a subsidiary of The Platcorp Group, has secured a $4 million investment from Swiss asset manager Symbiotics in a move set to expand financing access for…

Finance Trust Bank, IPED Join Forces to Reduce Collateral Barriers for Women-Led Businesses

Brian EmorutCompany NewsNews & AnalysisFebruary 26, 2026March 9, 2026

Finance Trust Bank (FTB) has partnered with the Initiative for I&P Entrepreneurs & Development (IPED) to expand access to affordable loans for women-led and environmentally responsible businesses across Uganda. Through…

BAT Uganda Profit Falls to UGX 9.8b Amid Surge in Illicit Cigarette Trade

Paul MurungiBusiness & MarketsCompany NewsThe Big StoryFebruary 26, 2026February 26, 2026

British American Tobacco Uganda’s (BATU) net profit declined by 5.3% to UGX 9.76 billion for the year ended December 31, 2025, down from UGX 10.31 billion in 2024, as falling…

UNOC Paid UGX 918 Billion for Kenya Pipeline Shares

Paul MurungiEnergy, Oil & GasThe Big StoryFebruary 26, 2026February 26, 2026

Uganda National Oil Company (UNOC) invested over UGX 918 billion in the recently concluded initial public offering (IPO) of Kenya Pipeline Company (KPC), marking one of the region’s largest state-linked…

Outgoing EABL CFO Risper Ohaga Appointed APA Apollo Group CEO in Planned Transition

Paul MurungiThe Big StoryFebruary 26, 2026February 26, 2026

APA Apollo Group has announced a planned leadership transition that will see Risper Ohaga join the regional financial services group as Group Chief Executive Officer effective July 1, 2026, following…

StanChart Kenya Appoints Gladys Warirah as New CFO and Executive Director After Chemutai Murgor’s Resignation 

Paul MurungiThe Big StoryFebruary 26, 2026February 26, 2026

Standard Chartered Bank Kenya has announced changes to its board and senior management, appointing Gladys Warirah as the new Chief Financial Officer and Executive Director while confirming the resignation of…

Procurement Tribunal Dismisses Minet Appeal in High-Stakes UETCL Insurance Brokerage Battle

Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryFebruary 25, 2026February 25, 2026

Uganda’s Public Procurement and Disposal of Public Assets (PPDA) Appeals Tribunal has dismissed as “incompetent” Minet Uganda Insurance Brokers Limited’s application challenging the award of an insurance brokerage contract by…

Afreximbank Extends $50 Million Debt Financing to Spiro Electric Mobility Company

Paul MurungiThe Big StoryTransport & LogisticsFebruary 25, 2026February 25, 2026

Afreximbank has extended $50 million in debt financing to African electric mobility company Spiro, as the firm scales up its clean transport infrastructure across the continent.  The transaction, first reported…

#UgandansExcellingAbroad: Jonathan Sengendo promoted to Partner at Sango Capital

CEO East Africa MagazineCompany NewsUgandans Excelling AbroadFebruary 25, 2026February 25, 2026

Uganda’s Jonathan Sengendo has been promoted to Partner at Sango Capital, marking a significant milestone in his career with the investment firm focused on private market opportunities across Africa. Since…

Reeta Roy, Former Mastercard Foundation CEO And Japheth Katto, Ugandan Governance And Capital Markets Guru, To be Awarded Honorary Doctorates By Makerere University

CEO East Africa MagazineLeadership & GovernanceThe Big StoryFebruary 25, 2026February 25, 2026

Makerere University will, tomorrow, confer honorary doctorates upon two globally respected leaders — Reeta Roy, former President and Chief Executive Officer of the Mastercard Foundation, and Japheth Katto, one of…