The Big Story

Ugandan Startup, Asaak, Expands to Latin America Through the Acquisition of Mexican Startup, FlexClub.

Jonathan N. LubwamaEntrepreneurshipThe Big StoryAugust 31, 2023August 31, 2023

Asaak, a trailblazing fintech firm from Uganda, has reached a significant milestone with its acquisition of FlexClub Mexico, extending its operations across two continents. Details of the transaction were not…

I will definitely buy⏤ Billionaire Sudhir Ruparelia endorses Airtel IPO

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryAugust 30, 2023April 1, 2024

Billionaire businessman as well as the largest Ugandan and individual equities investor on the Uganda Stock Exchange has endorsed the Airtel Uganda IPO, saying that it is a good buy….

Airtel Uganda shares go on sale today: Here are key facts, figures and dates that you must know

Muhereza KyamuteteraCompany NewsThe Big StoryAugust 30, 2023August 30, 2023

Airtel Uganda, will today, August 30th 2023, at 10 am, begin selling  8 billion shares (20% of the issued 40 billion shares) for UGX100 each, also known as IPO, in…

EXCLUSIVE: Gov’t of Uganda borrowed €500 million  from Stanbic Bank to fix FY2022/23 budget holes

Muhereza KyamuteteraNews & AnalysisPolitics & GovermentThe Big StoryAugust 29, 2023August 30, 2023

The government of Uganda in Q4 of FY2022/23 borrowed €500 million (UGX2 trillion) from Stanbic Bank Uganda and its parent, Standard Bank South Africa, to plug holes in its budget,…

Chipper Cash Valuation Slashed by Over 70% Amid Failed Acquisition Talks.

Jonathan N. LubwamaEntrepreneurshipTechnology & InnovationThe Big StoryAugust 29, 2023August 29, 2023

In a dramatic turn of events, Chipper Cash, a leading fintech startup in Africa, has seen its valuation plummet by over 70%, from a staggering $2.2 billion to a mere…

URA’s John Rujoki’s 100.23% full-year revenue performance and the UGX29.2 trillion task for FY2023/24

Muhereza KyamuteteraBusiness & MarketsC-Suite LeadershipPolitics & GovermentThe Big StoryAugust 28, 2023August 30, 2023

Uganda Revenue Authority (URA) announced last week that for the financial year 2022/2023 it had collected UGX 25,209.05 billion⏤an extra UGX 57.48 billion against a target of UGX 25,151.57 billion, reflecting…

Who is Jemima Kariuki, MTN Uganda’s new Chief Product Officer?

Muhereza KyamuteteraBusiness & MarketsExecutive ProfilesThe Big StoryWomen In LeadershipAugust 27, 2023August 27, 2023

MTN Uganda in March 2023 recruited digital financial products guru, Jemima Kariuki Njuguna, as the telco’s Chief Product Officer. Jemima, a Kenyan national brings with her “14 years of experience…

Q&A: Deloitte’s Norbert Kagoro on the shifting role of the CFO to Chief Value Officer and the CFO Awards 7th edition 

Nelson NambooleC-Suite LeadershipCEO PerspectivesThe Big StoryAugust 26, 2023August 26, 2023

Due to the ever-changing working environment, Financial Officers have been tasked to focus on value addition rather than only focusing on numbers within the organisations they serve to fit into…

Q&A: Sector specialisation, customer relationships, digitalisation and a data-driven performance culture⏤ dfcu’s Charles Mudiwa spells out his strategy 

Muhereza KyamuteteraC-Suite LeadershipCEO PerspectivesCompany NewsThe Big StoryAugust 25, 2023August 25, 2023

What impacted your business over the period from an operational standpoint?  The first half of the year has been marked by consistent improvement in the operating environment with inflation and…

Minister of Finance appoints development economist, Bob Bonabo Munene to Uganda Development Bank Board

Muhereza KyamuteteraThe Big StoryAugust 25, 2023August 25, 2023

Bob Bonabo Munene, a development economist has been appointed as a non-executive director to the Uganda Development Bank Board, CEO East Africa has learnt. UDB is the country’s national Development…