The Big Story

Finance Ministry backs off UGX481 billion questionable BoU recapitalization

Thembo Kahungu MisairiBanking & Financial ServicesThe Big StoryApril 19, 2021April 19, 2021

When the Ministry of Finance tabled the Budget Framework Paper (BFP) for the Financial Year 2021/2022, there was one item that raised alarms with most of the Members of Parliament…

Cash-strapped Kasaija, trims 2021/22 budget by UGX4.36 trillion; plans to raid Petroleum Fund for UGX200 billion to patch holes in his pockets

Thembo Kahungu MisairiThe Big StoryApril 19, 2021April 19, 2021

Uganda’s Ministry of Finance, Planning and Economic Development (MoFPED) has trimmed down government planned expenditure for the Financial Year 2021/22 by at least UGX4.36 trillion, indicating anticipated failure to meet…

Byenkya, Kihika & Co. Advocates admits Dr Anthony Kakooza and Bazira Anthony as partners

Muhereza KyamuteteraLegal & JusticeThe Big StoryApril 19, 2021April 19, 2021

Byenkya, Kihika & Co. Advocates (BK), one of Uganda’s oldest and most respected corporate and commercial law firms has announced two partners at the firm. The partners are Dr Anthony…

Prudential to complete acquiring IAA Healthcare portfolio by May 08th 2021

Muhereza KyamuteteraCompany NewsThe Big StoryApril 14, 2021April 14, 2021

Prudential Assurance Uganda Limited, come May 08th 2021, will acquire all the medical insurance policies of International Air Ambulance (IAA). IAA Healthcare was previously the largest Health Membership Organization (HMO)…

BoU’s Pelly Mugasi; Education Ministry’s Erukwaine and senior banker, Chris Byaruhanga elected to key positions on IPPU—Uganda’s procurement professional body

CEO ReporterCompany NewsThe Big StoryApril 14, 2021April 14, 2021

Members of the 5th Institute of Procurement Professionals of Uganda (IPPU) Council, sitting for their first meeting on Thursday 8th April 2021, elected Pelly R. Mugasi the Director Procurement and…

Ready. Set. Go. Meet PostBank’s new A-team daring to change the game

Muhereza KyamuteteraBanking & Financial ServicesCompany NewsThe Big StoryApril 13, 2021April 13, 2021

When CEO East Africa Magazine, first interviewed PostBank Uganda’s Managing Director, on his first anniversary as the chief at the government-owned lender, he made it known that one of his…

Senior Presidential Press Secretary Don Innocent Wanyama new CEO Vision Group

CEO ReporterThe Big StoryThought LeadershipApril 13, 2021April 13, 2021

Senior Presidential Press Secretary Don Innocent Wanyama is the new Chief Executive Officer for Vision Group. Wanyama’s appointment was today announced by Patrick Ayota, the chairman of the Vision Group….

Akon Concludes Uganda Trip on a high as UTB Tourism Investment Pitches to Diaspora

CEO ReporterThe Big StoryApril 13, 2021April 13, 2021

Uganda Tourism Board (UTB), the Government of Uganda’s tourism marketing and regulatory agency, over the last week held talks on tourism investment with Senegalese American musician and businessman, Akon who…

Airtel Africa’s Mobile Money Business Gets $100m Investment from Mastercard

CEO ReporterCompany NewsTechnology & InnovationThe Big StoryApril 12, 2021April 12, 2021

Airtel Africa on April signed an agreement under which Mastercard, a leading innovator and global technology company in the payments industry, will invest $100m in Airtel Mobile Commerce BV (“AMC…

Uganda, Tanzania sign Oil Pipeline Project Deal with Total and CNOOC

CEO ReporterThe Big StoryApril 11, 2021April 11, 2021

Uganda and Tanzania together with Total E&P and China National Offshore Oil Corporation (CNOOC) Uganda have signed the East African Crude Oil Pipeline Tripartite Project Agreement, signaling the beginning of…