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…
The National Social Security Fund (NSSF) has appointed Kenneth Owera as its substantive Chief Investment Officer (CIO). He will steward the Fund’s UGX28 trillion investment portfolio with the target of...
When the Forum for Democratic Change (FDC) unveiled its 2026–2031 manifesto, attention quickly turned to its economic agenda. The party, one of Uganda’s largest opposition forces, is promising what it calls a “production-led” economic model, a shift from what it labels government’s “consumption-driven and debt-fueled” approach. In pages devoted to the economy, illustrated with charts and diagrammes, FDC sets out a plan for fiscal discipline, industrialisation, job creation, and equitable growth. Its core argument is that Uganda must reduce borrowing and imports, while boosting production, processing, and exports to achieve sustainable prosperity. The debt question Central to the manifesto is…
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As Uganda heads toward the 2026 general elections, the debate is increasingly focused on the economy. At the heart of the opposition National Unity Platform’s (NUP) 2026–2031 manifesto is a bold pledge: to rescue the economy from stagnation, corruption, and elite capture. It is the promise that seeks to redirect the economy toward productivity, self-reliance, and prosperity for ordinary citizens. NUP, founded in 2004 as the National Unity, Reconciliation and Development Party (NURP) and rebranded in 2019, is now Uganda’s largest opposition force. It is led by Robert Kyagulanyi Ssentamu (Bobi Wine) as President, supported by Deputy Presidents John Baptist…
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As Uganda heads into another electoral cycle, the National Resistance Movement (NRM) has unveiled its 2026–2031 Manifesto, branding it a programme for “consolidating socio-economic transformation.” The document doubles as both a balance sheet of what the party says it has delivered since 1986 and a forward-looking plan for the next five years. At its heart, the manifesto sets out a vision of industrial growth, agricultural modernisation, financial inclusion, and digital innovation. It also places heavy emphasis on stability, infrastructure, and regional trade. It frames these as foundations on which Uganda’s next phase of transformation will stand. The economic broad vision…
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A fixed deposit is the plainest promise a bank can make. Lock away your money for a set period, and in return, you get a guaranteed return. It is designed for savers who prefer certainty over speculation. But why do banks pay more for fixed deposits than for ordinary savings accounts? The answer lies in how banking itself works. Logic behind fixed deposits At its core, banking is a balancing act between borrowing and lending. Deposits are liabilities; loans are assets. Banks attract funds through current, savings, and fixed accounts. Current accounts offer liquidity but no interest. Savings accounts pay…
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For decades, Uganda’s trade story has been defined by its deepening integration into regional markets, rising dependence on Asia, and enduring ties with Europe. But when you look past the big numbers and focus on balance of trade, who buys more from Uganda than Uganda buys from them, the picture of Uganda’s “real” trading partners changes dramatically. Uganda’s external trade has expanded significantly in the past five years. Exports more than doubled from $5.3 billion in the 2020/21 financial year to $10.6 billion in the 2024/25 financial year. Imports also rose, from $8.3 billion to $13.2 billion over the same…
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Postbank, which is rebranding to Pearl Bank Uganda, has been awarded the prestigious Sustainability Certification by the European Organization for Sustainable Development (EOSD), demonstrating the Bank’s efforts and commitment to champion sustainable initiatives that are aligned with its overall strategy and purpose of fostering prosperity for Ugandans. The certificate handover event in Germany was on 25th September 2025. Based in Germany, EOSD is a globally recognized leader in advancing sustainable development across sectors. The organization is dedicated to developing strategies, programs, and initiatives that embed sustainable growth and responsible practices particularly in the financial sector. EOSD has worked with institutions…
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Uganda’s startup ecosystem is maturing. There is more capital flowing in from private equity (PE), venture capital (VC), and development finance institutions (DFIs). The once-nascent innovation scene is now witnessing landmark investments, scaling ventures—and increasingly, high-stakes exits. Over the past decade, East Africa has attracted more than USD6.4 billion in private equity (PE) and venture capital (VC) investments. As such, Uganda’s share is rising steadily from under 10% in 2013 to nearly 20% by 2023. Once overshadowed by Kenya, Uganda is now second only to Nairobi in regional deal flow, consistently capturing between 15–20% of all transactions. The momentum has…
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At the centre of this vision is Islam Mohamed, the Chief Executive Officer and Co-founder of VAAL Real Estate Uganda. An electrical engineer by training but a seasoned sales and…
In this conversation with CEO East Africa Magazine’s Muhereza Kyamutetera, Muwanguzi reflects on 17 years of building Pegasus, the grit it took to win boardroom trust without relying on political connections, and the hard-learned lessons in the business, regulation, and the disruptive future of AI. At the core of Muwanguzi’s philosophy is what he calls safeguarding Ugandanness in technology — a form of techno-nationalism, where nations deliberately prioritise domestic innovation and control of critical technologies to protect jobs, create local value, and secure their economic future. Large investors and foreign capital alone, he argues, will not solve Uganda’s unemployment crisis….
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Uganda’s banking sector has never been stronger on paper. And the Bank of Uganda’s latest Financial Soundness Indicators show why. Banks, the indicators show, are heavily capitalized, flush with liquidity, profitable, and increasingly resilient. Regulatory capital sits above 25% of risk-weighted assets, double the global standards. Non-performing loans have fallen from 5.2% to 4.1% in a year, while liquidity coverage ratios have surged to an extraordinary 580%. Returns on equity remain a solid 16 to 17%. In short, Uganda’s banks are safe, liquid, and among the most profitable in the region. Yet behind this impressive stability lies a nagging paradox:…
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