Standard Chartered Bank has announced a series of top leadership changes across its African operations, naming Nigerian banker Dalu Ajene as its new Chief Executive Officer (CEO) for Africa. The…
South Africa’s Nedbank Group has unveiled plans to acquire approximately 66% of the issued ordinary share capital of Kenya’s NCBA Group. The move is set to hand the Johannesburg-listed lender...
Uganda’s two largest mobile network operators, Airtel Uganda and MTN Uganda, are estimated to have lost between UGX 22.8 billion and UGX 24 billion in data revenues following the four-day…
Frank Molla, Managing Director for Africa at payments giant MDP, is a strong believer that books are quiet mentors and companions that steer leaders toward depth, courage, and beautifully human…
East African Breweries Plc (EABL) has announced the resignation of its Chief Financial Officer and Executive Director, Risper Ohaga, marking a significant leadership transition at the regional brewing giant at…
If the UNBS Executive Director, Eng James Kasigwa, survived the storm that followed his appointment in May 2024, he would need every ounce of luck and loyal allies to survive what now looks like a tornado. At the centre of the turbulence are allegations of fraud, defiance, and mismanagement that have shaken one of Uganda’s most important regulatory institutions to its core. At the heart of the controversy lie four explosive threads: an unclear thirty-thousand-dollar payment to the Ministry of Trade, unauthorised trips by MPs to Arusha in open defiance of a presidential directive, the diversion of agency funds, and…
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If the long-rumored Stanbic–NCBA merger or buyout becomes reality, NCBA shareholders could emerge as the biggest winners in East Africa’s next major banking shake-up. The market already seems to agree. When news of a possible deal surfaced this week, NCBA’s market value jumped from about UGX 2.9 trillion to UGX 3.15 trillion in a single day, while its share price surged nearly 9%. Year-to-date, the stock has risen 56%, and over the past 12 months, it has gained nearly 78%, a clear sign that investors are betting on a major payout. Large takeovers typically come with a buyout premium of…
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The Executive Director of Uganda National Bureau of Standards (UNBS), Eng James Kasigwa, has been directed to take annual leave starting October 15, 2025, to pave the way for investigations into a series of allegations leveled against him. The allegations included insubordination, misconduct, impropriety, mismanagement, and corruption. The directive was issued by the Ministry of Trade in a letter dated October 7, 2025, signed by the Permanent Secretary and addressed to Eng. Kasigwa. The letter, which was received at the UNBS headquarters on October 13, 2025, instructs him to proceed on 30 working days of annual leave. “I write with…
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In 2011, Muvumba joined MetropolitanRepublic, where she was part of the pioneering team behind Uganda’s first Loerie Award — setting a new benchmark for creative excellence. Rising to become the…
For a man who graced Kenyan politics for over half a century, Raila Amolo Odinga, who died today aged 80 in India, was seemingly destined for greatness. It’s a destiny…
He speaks candidly about the evolution of Uganda’s legal profession—its need for mentorship, specialisation, and ethical renewal—while making a compelling case for policy-driven innovation, carbon trading, and collaboration across Africa’s legal and trade systems. As a thought leader and mentor, Kenneth embodies a new model of transformational leadership in the legal profession, one grounded in service, adaptability, and the courage to challenge convention. Beyond the legal profession, Kenneth reveals a deeply personal side: his faith-driven philosophy, love for hiking and mindfulness, and a firm belief that true success lies in impact, not income. This is the story of a lawyer…
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Shares of NCBA Group Plc have hit an all-time high of KSh 75.25, rising 8.27 percent from KSh 69.50, after confirmation that Africa’s largest lender, Standard Bank Group Ltd., is in advanced talks to acquire the Kenyan bank — a deal that could dramatically reshape the structure and ownership of Kenya’s banking sector. According to Bloomberg, the Johannesburg-based banking giant, which holds a 75 percent stake in Nairobi-listed Stanbic Holdings Plc, has already received internal approvals to engage NCBA in buyout negotiations. If completed, the merger would create Kenya’s third-largest lender by assets, with a combined balance sheet of approximately…
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In this wide-ranging conversation, Nambafu reflects on his personal journey from agent to CEO, the lessons learned from leading in a highly competitive industry, and the strategies driving Minet’s resurgence. From redefining client relationships and embracing technology to nurturing Gen Z talent and championing industry-wide collaboration, he offers candid insights into the future of insurance, the challenges that keep him awake at night, and the opportunities that make him hopeful about Uganda’s next decade. Edward, many people know you for your role and presence in the industry, but on a more personal level, how do you see yourself as a…
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When Old Mutual Holdings Plc (Old Mutual Group East Africa) released its half-year 2025 results, the numbers drew attention — and not for the right reasons. Profit before tax plunged 66%, from KShs 1.1 billion in June 2024 to just KShs 380 million. Net profit was a razor-thin KShs 5 million, a 98% drop from KShs 327 million a year earlier. For investors, it was a sobering moment. After two years of steady recovery and a triumphant return to profitability in 2024, the sharp decline in early 2025 sparked concern: was the momentum fading, or was the turnaround losing steam?…
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The long-running standoff between Umeme and the Uganda Electricity Transmission Company Limited (UETCL) over a UGX 594 billion debt has once again thrown Uganda’s power sector into turmoil, exposing deep financial fissures in the country’s electricity value chain. In an exclusive response to the CEO East Africa Magazine, UETCL maintains that the UGX 593.5 billion in question represents verified receivables accumulated from energy sales to Umeme under the Power Sales Agreement (PSA), which governed the purchase and distribution of electricity throughout the company’s 20-year concession. According to the transmission utility, the figure audited and confirmed by the Office of the…
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