The Big Story

PRODUCT OF THE WEEK: Turn your aspirations into success stories with the  SBG Securities’ Wezimbe Unit Trust 

CEO ReporterCompany NewsThe Big StoryFebruary 8, 2023February 8, 2023

What is the Wezimbe Unit Trust?  Wezimbe Unit Trust is an investment product that enables you to pool your money together with other investors to create a large fund. This…

National Drug Authority implicates Pastor Robert Kayanja in counterfeiting animal pesticides scandal; cocktail containing banned chemicals confiscated

The CEO Magazine TeamNews & AnalysisThe Big StoryFebruary 8, 2023February 8, 2023

Controversial Pastor Robert Kayanja of Rubaga Miracle Centre is yet again in trouble with the law, this time being accused by the National Drug Authority (NDA) of counterfeiting acaricides. Acaricides…

How PwC’s Kabajwara found and crystallised her niche as one of Uganda’s leading tax advisors

Muhereza KyamuteteraThe Big StoryWomen In LeadershipFebruary 7, 2023February 7, 2023

Although she confesses she can sometimes be impatient, she has for the last 15 years and for that matter, in all her post-school life, worked for only one employer- PwC….

A Q&A with ChatGPT about Uganda’s 2023 business outlook, the opportunities, risks, must-visit places and so much more

Jonathan N. LubwamaBusiness & MarketsThe Big StoryFebruary 6, 2023February 7, 2023

ChatGPT, a language model developed by OpenAI. GPT stands for Generative Pretrained Transformer. OpenAI is a research organization and technology company based in San Francisco, founded in 2015. OpenAI began…

Understanding Chat GPT: A Conversation with Chat GPT itself

Jonathan N. LubwamaBusiness & MarketsThe Big StoryFebruary 6, 2023February 6, 2023

On February 2nd, Chat GPT surpassed 100m users just two months after launch. This is the fastest that any consumer app had taken to reach 100m users. For comparison, it…

Ecobank Uganda’s Grace Muliisa assembles her top squad: Who is who on the team?

Muhereza KyamuteteraThe Big StoryFebruary 4, 2023February 4, 2023

Grace Muliisa was appointed as Managing Director of Ecobank Uganda, in September 2021, with a brief to spearhead the bank’s transformation and “better align it to the market needs for…

Tugende wins UGX504 million tax appeal against URA

CEO ReporterCompany NewsLegal & JusticeThe Big StoryFebruary 3, 2023February 3, 2023

The Tax Appeals Tribunal (TAT) has disallowed a UGX 504,098,312 tax bill by Uganda Revenue Authority (URA) on asset-financing firm Tugende Limited, saying the tax authority wrongly assessed the tax….

Ugandan Parliament approves UGX49.98 trillion 2023/24 budget proposals

Jeff WintersNews & AnalysisPolitics & GovermentThe Big StoryFebruary 3, 2023February 3, 2023

The Ugandan Parliament on 31 January 2023 passed the Budget Framework Paper with proposals of to spend UGX49.98 trillion (USD13.6 billion) for the financial year 2023/2024. The passing of the…

MATIA KASAIJA: Betty Amongi’s financial and investment requests to NSSF, were “irregular, outside the law and ill-advised”

CEO ReporterThe Big StoryFebruary 2, 2023February 2, 2023

Uganda’s Minister of Finance, Planning and Economic Development (MoFPED), Hon. Matia Kasaija, has today told the Parliamentary Committee investigating governance and administration issues in the Fund, that the acts by…

NSSF has grown 10-fold in 12 years: Management defends Fund performance and real estate investment strategy before Parliament Committee

Muhereza KyamuteteraBusiness & MarketsCompany NewsThe Big StoryFebruary 2, 2023February 2, 2023

The National Social Security Fund (NSSF) has defended its performance over the last 10 years before the Parliamentary Select Committee investigating the Fund. The committee is among others examining the…