The Big Story

UGX32.9 bn profit and UGX1.1 trillion in assets; KCB Bank caps off Ugandan 15th anniversary stronger

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryMay 11, 2023May 11, 2023

KCB Bank Uganda, a subsidiary of KCB Group, one of East Africa’s largest financial groups, reported that its net profit for 2022, grew by an impressive 344.6% from UGX7.4 billion…

MAN ON A MISSION: 3 years of John Rujoki Musinguzi at URA

Muhereza KyamuteteraC-Suite LeadershipPolitics & GovermentThe Big StoryMay 11, 2023May 11, 2023

Despite the fact that the global economy is undergoing a sharper-than-expected slowdown amidst lingering fears of a recession, Uganda Revenue Authority (URA) reported that net revenue collections for the nine…

Dear Shareholders: Jeremy Awori’s first letter to shareholders as Ecobank Group Chief Executive 

theceomaC-Suite LeadershipThe Big StoryThought LeadershipMay 10, 2023May 10, 2023

Dear Shareholders. I have the honour of writing this first letter to Shareholders in my capacity as Chief Executive Officer of Ecobank Transnational Incorporated, a position I have occupied since…

Equity Bank breaks into Uganda’s top 5 banks; designated Domestic Systemically Important Bank by Central Bank

Muhereza KyamuteteraBusiness & MarketsThe Big StoryMay 9, 2023May 9, 2023

Despite taking a 46.7% drop in 2022 net profit, Equity Bank Uganda still managed to make significant growth and key market share gains in customer deposits, lending, income and assets…

We are not after the banks’ cake; but are baking our own more affordable and widely accessible one- Segun Ogunsanya, Airtel Africa Group CEO  

Muhereza KyamuteteraBusiness & MarketsThe Big StoryMay 8, 2023July 2, 2023

“I don’t think we have dug into the space of bankers or the space of banking. We have just discovered a need that is not being met by conventional banks,”…

Billionaire businessman, Godfrey Kirumira appointed Honorary Consul to Namibia

Muhereza KyamuteteraThe Big StoryMay 8, 2023May 8, 2023

The Republic of Namibia has appointed Ugandan billionaire businessman, Godfrey Kalule Kirumira as its Honorary Consul to Uganda. A Consul in foreign service and foreign relations is a person who…

What next for Uganda’s undercapitalised banks? 

Muhereza KyamuteteraBusiness & MarketsThe Big StoryMay 8, 2023January 18, 2024

On the 16th of November 2022, the Financial Institutions (Revision of Minimum Capital Requirements) Instrument 2022 was signed into law by Uganda’s Minister of Finance, Planning and Economic Development (MFPED),…

PROFILE: A public servant with a private sector mindset- the Pius Bigirimana we don’t know

The CEO Magazine TeamExecutive ProfilesPolitics & GovermentThe Big StoryMay 6, 2023May 6, 2023

Pius Bigirimana, the Permanent Secretary/Secretary to the Judiciary was on this year’s International Labour Day recognised by the Government of Uganda with the distinguished “Order of the Source of the…

Explainer: Tech Startups are Built to Grow Fast. So Why Are the Likes of Safeboda and Copia Global Retreating from Markets?

Jonathan N. LubwamaBusiness & MarketsCompany NewsEntrepreneurshipGlobal NewsNews & AnalysisTechnology & InnovationThe Big StoryMay 5, 2023September 18, 2023

Paul Graham, the founder of the highly influential Y Combinator accelerator program penned arguably his most famous essay in September 2012. In this essay, titled Startups = Growth, Paul Graham…

Emata’s Bram van den Bosch- daring Ugandan farmers to dream big with digital loans

Muhereza KyamuteteraC-Suite LeadershipCEO PerspectivesThe Big StoryMay 4, 2023May 5, 2023

For starters, tell us about Emata Uganda. What is it about? Emata is a Ugandan fintech and licensed micro-finance institution. The company leverages technology and partnerships with agricultural cooperatives to…