The Big Story Archives – Page 114 of 425

INVESTING 101: Navigating the options to financial freedom and building wealth with Standard Chartered Bank’s Lydia Nakamya

Lydia NakamyaThe Big Story Thought LeadershipMay 20, 2024May 20, 2024

Ten years ago, when Standard Chartered Uganda had just launched wealth advisory services, the first client I met said “Diving into the world of investments is like trying to solve…

INSIDE STORY: Uganda Airlines acquired World’s 2nd Oldest Active Airbus A320-New data shows

Paul MurungiThe Big StoryMay 19, 2024January 1, 2025

New details have emerged indicating the Airbus A320 aircraft recently leased to Uganda Airlines by South Africa’s Global Aviation company, is the world’s second oldest active Airbus in the aviation space. On May 9th, Uganda Airlines announced the addition of the aircraft to its expanded fleet, which is a 160-seater, with a two-class cabin featuring 12 business class and 148…

COMESA CLEARS Finance Trust Bank acquisition and merger with Nigeria’s Access Bank

Paul MurungiBusiness & Markets The Big StoryMay 19, 2024June 6, 2024

Dr. Mahmoud Momtaz, the Chairperson of The Common Market for Southern and Eastern Africa (COMESA) Competition has cleared the merger and acquisition of Uganda’s Finance Trust Bank with Nigeria’s Access Bank, a decision that is slated to impact market dynamics in East Africa’s banking industry. Access Bank will acquire up to 80.89% of the issued shares, which is a subscription…

Absa Bank opens new office in China

Paul MurungiBanking & Financial Services News & Analysis The Big StoryMay 17, 2024May 17, 2024

Absa Group has marked a historic milestone with the official launch of a non-banking subsidiary in the People’s Republic of China, fortifying the vital economic bridge between Africa and China. The Absa office in China will operate under a wholly foreign-owned enterprise license which permits the financial institution to provide general advisory services to clients based in China for concluding…

UGANDAN BILLIONAIRES: Amos Nzeyi, the little bread vending boy from Kabale who grew up into a ‘big boy’ in Kampala

CEO ReporterBillionaires C-Suite Leadership News & Analysis The Big StoryMay 17, 2024May 17, 2024

Name: Amos Nzeyi Source of Wealth: Carbonated Soft Drinks and Water, Hospitality & Tourism, Confectionaries & Real Estate Age: 75 years Estimated Worth: US$ 57 million (UGX200 billion) Amos is…

SUBMARINE CABLES AND EAST AFRICAN INTERNET⎮ Beyond The Cuts And Repairs⏤ What’s The Long Game?

theceomaThe Big StoryMay 16, 2024May 18, 2024

The past three months have witnessed several submarine cable interruptions across the African continent, resulting in the degradation of the Internet experience of users in multiple countries at different times…

Equity Group reports strong financial recovery with Kshs.16 billion profit in first quarter results

Paul MurungiBanking & Financial Services News & Analysis The Big StoryMay 15, 2024May 15, 2024

Equity Group Holdings has bounced back stronger, recording Kshs.16 billion (USD 122 million) in profit after tax in the first quarter after reporting a 5% decline in profits for the year ended 31st December 2023. The Kshs. 16 billion profit is a 25% jump compared to a similar period last year. Differentiated strong leadership decision making, and an agile balance…

Dei Biopharma gets greenlight to begin drugs manufacturing in Uganda

Paul MurungiNews & Analysis The Big StoryMay 14, 2024May 14, 2024

Uganda’s National Drug Authority (NDA) has granted a landmark license to Dei Biopharma Limited to manufacture drugs at its premises in Matugga on the outskirts of Kampala City along Bombo road. The certification marks a major achievement for the company, allowing it to produce essential drugs, including Hard Gelatin Capsules and Tablets, among other product categories in different dosage forms….

BOOK REVIEW⎮‘Digital Transformation: The NorthStar You Need’ Illuminates the Path to Strategic Innovation

Paul MurungiThe Big StoryMay 13, 2024May 14, 2024

In the post-COVID world, businesses and entities across the public and private sectors are witnessing a massive adoption of technology, with significant investments being channeled into upgrading and integrating digital systems. This surge in technological uptake underscores the imperative for digital transformation as a cornerstone of modern business strategy. However, despite these extensive investments, many business leaders struggle to comprehend…

LIFE AFTER AGOA BAN⎮Agnes Netunze, Uganda’s top leather products exporter speaks out on her next move

Paul MurungiNews & Analysis The Big Story Women In LeadershipMay 11, 2024May 17, 2024

Arise Kollections manufactures and distributes high-end leather and textile fashion accessories such as handbags, footwear, jewellery, and hand-woven items to several foreign and local markets. Mrs. Kitumba’s luck came in 2012…

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Inside Zahid Mustafa’s Turnaround Playbook: How I&M Bank Tanzania Reclaimed Growth and Relevance

Nicholas Mukasa Appointed Bank of Namibia Deputy Governor

Unresolved Commercial Disputes Climb to UGX 3.5 Trillion as Chief Justice Zeija and BoU Governor Atingi-Ego Push for ADR

Kenya’s High Court Clears Path for KSh 300 Billion Asahi–Diageo Deal Despite Ongoing Distribution Dispute