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April 8, 2026
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    The Big Story

    The BIG Story

    Sipi Falls Lodge proprietor Saleh Naminya is at the center of a landmark insurance dispute following a fire that destroyed his investment and triggered a contested claim. James Kinyua, Managing Director of CIC Africa (Uganda), leads the insurer resisting payout, while Shafi Nambobi, Chief Executive Officer of UGAFODE, represents the source of the money whose loan exposure is tied to the disputed claim.

    Burnt Investment, Broken Claim: A Tourism Lodge Owner’s Legal Battle with CIC Life Insurance

    April 8, 2026April 8, 2026 0 Shares
    On the night of February 19, 2025, a fire swept through Sipi Falls Lodge, destroying cottages that had been financed through a loan facility from UGAFODE Microfinance. What had been...
    Phillip Karugaba argues that while Uganda’s proposed Protection of Sovereignty Bill 2026 is grounded in a legitimate desire to safeguard national interests, its sweeping scope risks stifling investment, constraining business activity, and undermining fundamental freedoms—ultimately doing more harm to the country’s economic and constitutional stability than the foreign influence it seeks to control.

    Uganda’s Protection of Sovereignty Bill 2026: What it means for business, investors and lenders

    April 8, 2026April 8, 2026 0 Shares
    The Ugandan government is considering a draft Protection of Sovereignty Bill 2026 (the “Bill”), which proposes sweeping restrictions on foreign influence over domestic policy, governance and public affairs. While the...

    Paul Mwesigwa’s First Year: UEDCL Hits UGX 1.71 Trillion in Revenue, Rolls Out $994m Grid Recovery Plan After Umeme’s Exit

    April 7, 2026April 7, 2026 0 Shares
    One year after the Uganda Electricity Distribution Company Limited (UEDCL) took over Uganda’s electricity distribution network from Umeme, Managing Director Paul Mwesigwa is emerging as the technocrat at the centre...

    OPINION: 623 Cases, UGX 2 Trillion at Stake: Why Uganda Must Rethink How Banking Disputes Are Resolved

    April 6, 2026April 6, 2026 0 Shares
    Uganda’s Commercial Court Division carries a burden that no amount of judicial efficiency can resolve alone. Currently, 623 cases involving banks are pending before the court, with the aggregate value...

    Q&A: Everything You Need to Know About I&M Brisk—The I&M Bank Solution Enabling Seamless Cross-Border Banking Across East Africa

    April 6, 2026April 6, 2026 0 Shares
    Muhereza Kyamutetera (left), Executive Editor of CEO East Africa Magazine, with Evans Browns (right), Group Head of Products at I&M Bank, during a conversation in Nairobi on how I&M Brisk is simplifying cross-border banking and enabling seamless movement of money, trade, and opportunity across East Africa.
    It is within this context that I&M Group, through its subsidiaries in Kenya, Rwanda, Tanzania, and Uganda, has introduced I&M Brisk—a solution designed to make cross-border banking faster, simpler, and...

    UGANDA’S OIL & GAS INDUSTRY COMES OF AGE: Meet the 100 oil and gas leaders driving the race to our first oil

    Paul MurungiBusiness & MarketsLists & RankingsThe Big StoryAugust 16, 2024February 26, 2026

    Since reaching FID in February 2022, Uganda has kicked off a massive oil drilling campaign with four oil rigs⏤ three of them at the TotalEnergies-operated USD4-5 billionTilenga Project in Buliisa…

    Absa Bank donates UGX 100 million to Uganda Red Cross to cater for victims of Kiteezi landfill collapse

    Paul MurungiThe Big StoryAugust 15, 2024August 15, 2024

    Absa Bank Uganda has today handed over a donation worth UGX 100 million to the Uganda Red Cross Society to boost immediate disaster relief to households affected by the Lusanja…

    What Do Meta AI, ChatGPT and Perplexity AI Think About Uganda’s Economy?

    Jonathan N. LubwamaBusiness & MarketsEntrepreneurshipLists & RankingsNews & AnalysisThe Big StoryAugust 14, 2024August 14, 2024

    As the world continues to evolve, the advent of artificial intelligence (AI) has sparked a transformation across various sectors, including healthcare, agriculture, and education.  As Ugandans embrace and understand AI…

    Postbank’s Agriculture loan book registers 70% growth in four years 

    Paul MurungiThe Big StoryAugust 8, 2024August 8, 2024

    PostBank Uganda’s agriculture loan book has registered commendable growth of 70% over a four-year period, from UGX 107 billion in 2021 to a 70% growth rate by June 2024.  This…

    GardaWorld Launches in Uganda: KK Security is Now GardaWorld Security

    CEO ReporterCompany NewsNews & AnalysisThe Big StoryAugust 8, 2024August 8, 2024

    Kampala, Uganda, August 8, 2024 – GardaWorld Security (“GardaWorld”), a global champion in security services, integrated risk management and cash solutions,  has rebranded its Ugandan operations from KK Security to…

    Some of Uganda’s best 10 new hotels and lodges to visit this year 

    CEO East Africa MagazineNews & AnalysisThe Big StoryThe Executive TravelerAugust 8, 2024August 8, 2024

    Experience the perfect blend of old-world charm and modern elegance at these captivating hotels. Infused with warmth and character, each hotel offers a unique and immersive experience for travellers. In…

    How Dr. Noeline Kirabo is inspired by her past to empower Ugandan youth and women to be all they can be

    Kisakye ImaniThe Big StoryWomen In LeadershipAugust 8, 2024August 8, 2024

    She is a distinguished personal and business development consultant with over two decades of experience, dedicated to social entrepreneurship, counselling, personal development, financial literacy, business coaching and curriculum development.  As…

    Partnering with God in the marketplace⏤a Faith-Driven Entrepreneurship ‘gospel’, à la Elizabeth Ntege

    Muhereza KyamuteteraCEO PerspectivesThe Big StoryWomen In LeadershipAugust 8, 2024August 8, 2024

    In this interview with Muhereza Kyamutetera, the Executive Editor of the CEO East Africa Magazine, she shares important insights on why God and business mix so well and how best,…

    EXCLUSIVE: Despite receiving UGX578 bn from the gov’t Dei BioPharma’s Magoola refuses to pay Equity Bank and instead sues the bank

    Muhereza KyamuteteraNews & AnalysisThe Big StoryAugust 7, 2024August 8, 2024

    Despite having received UGX578.4 billion (USD million) in capitalisation from the government of Uganda, part of which was to be used to settle his indebtedness with Equity Bank, controversial pharma-entrepreneur,…

    Jumia’s Revenue Falls 25% in Q2 2024, Set to Raise $100m to Improve Cash Position.

    Jonathan N. LubwamaBusiness & MarketsCompany NewsEntrepreneurshipGlobal NewsTechnology & InnovationThe Big StoryAugust 7, 2024August 7, 2024

    Jumia Technologies AG, Africa’s e-commerce giant, has reported its financial performance for the second quarter of 2024, revealing a complex interplay of challenges and strategic responses. The company’s revenue for…

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