The Big Story

Mt. Rwenzori’s numerous adrenaline-charged peaks, rich and rare ecological diversity, combined with once-in-a-lifetime breathtaking views continue to attract renowned mountaineers

CEO ReporterThe Big StoryJuly 23, 2021July 23, 2021

As the world begins to come to terms with the Covid-19 pandemic, ramp up vaccinations and warm up to tourism, the charming allure and unique diversity of Uganda continues to…

SCANDAL! Paul Zhang, the Chinese billionaire owner of Tian Tang in trouble; Uganda Railways sues his steel firm for stealing UGX11.4bn worth of rail line to feed his steel factory

The CEO Magazine TeamNews & AnalysisThe Big StoryJuly 23, 2021July 23, 2021

Uganda Railways Corporation (URC) has sued Chinese firm Tian Tang Group Limited for alleged theft and vandalism of railway line materials valued at UGX 12 billion. Uganda Railways is a…

Uganda’s longer term economic outlook brightens driven by oil and gas industry developments

CEO ReporterThe Big StoryJuly 22, 2021July 25, 2021

Recent progress in the Uganda’s long-delayed oil development has brightened Uganda’s longer-term economic prospects following the agreements signed by Uganda and Tanzania on the construction of the US$4bn cross-border oil…

Uganda’s trade deficit widens as Economy struggles through second lockdown

CEO ReporterThe Big StoryJuly 21, 2021July 25, 2021

Uganda’s merchandise trade deficit widened by 50% from USD 269.25 million in April 2021 to USD 322.17 million in May 2021, reflecting stronger import demand. Compared to May 2020, the…

PROFILE: Prof. Peter K. Kasenene – educator, political and religious leader knighted by the Pope

CEO ReporterThe Big StoryJuly 20, 2021July 20, 2021

In February this year, eight Ugandans were appointed by Pope Francis as Knights and Dames because of their contribution to the Catholic Church. The knights included Emmanuel Katongole the Chairman…

How URA beat Covid-19 odds to turn in UGX19.2 trillion in revenue for FY2020/21

CEO ReporterThe Big StoryJuly 19, 2021July 20, 2021

Uganda Revenue (URA) collected net revenue of UGX 19.263 trillion and posted a growth in revenue of 14.99% in the Financial Year FY 2020/21, comparison to the FY 2019/20 and…

PRESIDENTIAL APPOINTEES: Dr Ramathan Goobi replaces Keith Muhakanizi as Finance Ministry PS, Beti Kamya new IGG

CEO ReporterThe Big StoryJuly 15, 2021July 15, 2021

President Yoweri Museveni has today appointed new Permanent Secretaries notable among whom is Dr Ramathan Ggoobi who has been appointed Permanent Secretary Ministry of Finance, replacing Keith Muhakanizi who will…

Prudential Uganda completes takeover of IAA’s insurance services

CEO ReporterThe Big StoryJuly 14, 2021July 14, 2021

Prudential Assurance Uganda Limited has completed the takeover of the insurance arm of International Air Ambulance (IAA), adding 50,000 more customers to its fold. The takeover, which involves all the…

Meet the URA brains behind the game-changing EFRIS Solution

CEO ReporterThe Big StoryJuly 13, 2021July 13, 2021

#1 Gary Kizito Manager Business Analysis As part of the concept development team, Gary Kizito led a bench marking team which did several studies across East Africa and beyond in…

COVID-19 Lockdown: How beverage companies are coping

CEO ReporterBusiness & MarketsCompany NewsNews & AnalysisThe Big StoryJuly 12, 2021July 13, 2021

Paddy Muramiirah, Chief Executive Officer of Crown Beverages Limited says while the first lockdown caught them off guard and put them in panic mode for a few weeks, this one…