The Big Story

INSURTECH: Insurers launch mobile money-based motor third party insurance platform

CEO ReporterCompany NewsThe Big StoryJuly 16, 2020July 16, 2020

Uganda’s Insurance Regulatory Authority (IRA), working with the Uganda Revenue Authority (URA), the Ministry of Works and Transport and the Uganda Insurers Association have launched a mobile payment platform that…

UBA Bank’s Johnson Agoreyo recalled to Group; UBA Gabon’s Chioma Mang designated to replace him

Muhereza KyamuteteraThe Big StoryJuly 15, 2020July 16, 2020

Johnson Agoreyo, the United Bank for Africa, Uganda Managing Director/Chief Executive Officer has been recalled back to the United Bank for Africa Group Headquarters in Lagos, Nigeria; CEO East Africa…

Tropical Bank Executive Director, Dennis Kakeeto and 2 others, fired over fraud, the bank says

CEO East Africa MagazineThe Big StoryJuly 15, 2020July 16, 2020

Tropical Bank has come out to clarify on three former top managers that were fired over fraud. In a statement, the bank says it is responding to malicious claims that…

Kampala city landlords, government officials meet to reopen arcades

CEO East Africa MagazineThe Big StoryJuly 14, 2020July 14, 2020

Trade Minister Amelia Kyambadde and ministers for Kampala Betty Amongi and Benny Namugwanya have today held a meeting with arcade owners at the office of the Prime Minister to forge…

48 Arcades re-open in Kampala; Crane Management Services leads in observing SOPs

URNThe Big StoryJuly 14, 2020July 16, 2020

Close to 50 arcades have so far adapted to the Standard Operating Procedures set by the government as a precondition for their reopening.  The government had maintained lockdown restrictions on…

ANALYSIS: How will Doris Akol’s move to private legal practice shape the tax law services landscape in Uganda?

Muhereza KyamuteteraLegal & JusticeThe Big StoryJuly 14, 2020July 14, 2020

Law firm, Kyagaba & Otatiina Advocates (KOA) is barely one year old, but it is already making market-shaking moves in Uganda legal services industry. A brainchild of 5 lawyers- David…

USD100 million for 12 years: UCC extends MTN Uganda’s License

URNThe Big StoryJuly 10, 2020July 11, 2020

After fulfilling all requirements for the extension of the Second National Operator License Agreement, MTN Uganda has been granted an extension of 12 years by the Uganda Communications Commission (UCC),…

Former URA Commissioner-General, Doris Akol joins international law firm, Dentons office in Uganda

Muhereza KyamuteteraThe Big StoryJuly 10, 2020July 14, 2020

Doris Akol, the former Uganda Revenue Authority Commissioner-General has joined international law firm, Dentons Uganda office as a Partner, CEO East Africa can exclusively reveal. A source has confirmed to…

IT CAN BE: Stanbic’s role in supporting businesses during COVID-19

Muhereza KyamuteteraBanking & Financial ServicesCEO PerspectivesThe Big StoryJuly 10, 2020July 10, 2020

You recently cut your prime lending rate to 16 percent, for the second time this year. This is a rather unexpected move, given the probable likelihood of increased Non-Performing Loans…

HIGH INTEREST RATES: Furious Mutebile threatens banks with retaliatory statutory capping of lending rates

Muhereza KyamuteteraThe Big StoryJuly 8, 2020July 8, 2020

The Governor of Bank of Uganda, Professor Emmanuel Tumusiime Mutebile, has today threatened to take retaliatory statutory action on the banking industry over its reluctance to cut interest rates in…