The Big Story

BAT Uganda shareholders approve UGX 10.3 billion dividend for the year 2022 as the Company marks 95th anniversary

Muhereza KyamuteteraBusiness & MarketsCompany NewsThe Big StoryJuly 6, 2023July 6, 2023

Shareholders of BAT Uganda have approved UGX 10.3 billion (UGX 209 per share) as a first and final dividend for the year ended 31st December 2022, during the Company’s 23rd…

Ascent Capital exits Uganda’s Guardian Health pharmacy chain; Kenya’s e-pharmacy MYDAWA acquires 100% stake

Muhereza KyamuteteraBusiness & MarketsThe Big StoryJuly 4, 2023July 10, 2023

After acquiring a majority stake in and growing Uganda’s Guardian Health to Uganda’s number one retail pharmacy chain, Ascent Capital, a for-Africa private equity investor has exited, selling its stake…

PRODUCT OF THE WEEK: SC Shilingi Funds- Standard Chartered Bank’s newly launched digital investment solution that lets clients invest as low as UGX20,000

The CEO Magazine TeamCompany NewsNews & AnalysisThe Big StoryJuly 4, 2023July 4, 2023

Standard Chartered Bank has launched the SC Shilingi Funds⏤ a low-ticket money market fund for Standard Chartered Bank clientele that is 100% digital and available on the SC Mobile app. …

Airtel Uganda appoints Dennis Kahindi as Director, Broadband and Post Paid Services

Muhereza KyamuteteraBusiness & MarketsExecutive ProfilesThe Big StoryJuly 3, 2023July 3, 2023

Airtel Uganda has picked on Dennis Kahindi, the former Chief Executive Officer, of Liquid Intelligent Technologies Uganda, to lead its newly formed  Broadband and Post Paid Services unit, our sources…

African Startup Funding Declines by 70% in June 2023.

Jonathan N. LubwamaEntrepreneurshipNews & AnalysisTechnology & InnovationThe Big StoryJuly 3, 2023July 3, 2023

Startups raise funding for various reasons that are essential for their growth and success. Firstly, funding provides the necessary capital to support and accelerate the growth of startups. It enables…

We can’t breathe- small telcos and ISPs squirm and writhe over ATC Uganda’s towering market dominance 

Muhereza KyamuteteraBusiness & MarketsThe Big StoryJuly 2, 2023July 2, 2023

When Smile Communications, launched in Uganda in the fourth quarter of 2009, it was so buoyant about its prospects. The out-of-Mauritius telco pioneered 4G LTE services in Uganda and East…

Courage amidst adversity- the story of Ubuntu Towers’ founding and taking on the ATC monopoly

Muhereza KyamuteteraC-Suite LeadershipCEO PerspectivesThe Big StoryJuly 2, 2023July 2, 2023

Ubuntu Towers is now part of Towerco Of Africa (TOA), a subsidiary of AXIAN Telecom, operating in Madagascar, Tanzania and DRC. TOA company brings together industry expertise, and diverse and established…

IGG Report on NSSF: Richard Byarugaba Speaks Out

Muhereza KyamuteteraPolitics & GovermentThe Big StoryJune 30, 2023June 30, 2023

Richard Byarugaba, the former Managing Director of the National Social Security Fund (NSSF) has spoken out about the just-released report by the Inspectorate of Government, saying he welcomed the report…

Securing a Safer Tomorrow: Ugandan Security-Tech Startup, Yunga Seeks $250,000 to Scale its Break-Ins Alarm System. 

Jonathan N. LubwamaEntrepreneurshipTechnology & InnovationThe Big StoryJune 29, 2023July 1, 2023

The story of Yunga is personal to Anatoli Kirigwajjo. Anatoli comes from Kyotera, a district close to the Uganda-Tanzania border. Like so many other Ugandans, he made the trip there…

Wim, the ex-MTN Uganda CEO who quadrupled profits in 6 years, appointed Safaricom Ethiopia CEO

Muhereza KyamuteteraC-Suite LeadershipCompany NewsThe Big StoryJune 28, 2023July 1, 2023

Hardly a year into his new role as Operating Executive for the MTN Group’s WECA Markets of Liberia, Guinea-Conakry, Guinea-Bissau, and Congo-Brazzaville, Wim Vanhellepute, has been picked by Safaricom Plc,…