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 billionaire businessman James Garuga Musinguzi died on 6th August 2025 at Nakasero Hospital in Kampala, Uganda lost one of its most influential entrepreneurs. From humble beginnings in Kigezi, Garuga had built an empire that stretched from tea estates and luxury hotels to radio stations and vast tracts of prime real estate. Yet within weeks of his passing, his family was embroiled in a bitter legal battle. Court filings not only revealed the extraordinary wealth he left behind but also laid bare the simmering rivalries among his heirs. This dispute now threatens to overshadow his legacy and could reshape the…
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East Africa’s monetary chiefs, Michael Atingi-Ego of Uganda and Kamau Thugge of Kenya, have emerged among the world’s best-performing central bankers, according to London-based Global Finance Magazine’s 2025 Central Banker Report Cards. Atingi-Ego received an “A-” while Thugge earned a higher “A”, reflecting their decisive responses to inflationary pressures, currency volatility, and debt headwinds. The recognition underscores how both men, though operating in distinct national contexts, have anchored stability in a region where fiscal and external vulnerabilities remain acute. For Uganda, the recognition of Atingi-Ego carries deep symbolism. Taking over the Bank of Uganda in 2022 after the death of…
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Uganda’s watchdog charged with policing the quality of goods and services is flush with cash yet dangerously hollow in capacity. Uganda National Bureau of Standards (UNBS) closed the 2023/24 financial year with record revenues—UGX73.9 billion in non-tax revenue. This was far above its UGX54.4 billion target and sharply higher than the UGX60 billion recorded the previous year. Import inspections also crossed 293,000, well beyond the 200,000 goal. On paper, the regulator looks stronger than ever. But the picture on supermarket shelves tells a different story. More than half of locally produced goods—including food, drinks, and cosmetics—slip through the cracks, entering…
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East African Breweries Limited (EABL) has secured overwhelming shareholder backing. At its 103rd virtual annual general meeting – even as speculation intensifies over Diageo’s planned scale down – EABL, on September 11, drew a record 2,640 shareholders from across several countries. It was more than triple the usual turnout, underscoring heightened investor interest amid global headlines about Diageo’s portfolio exit strategy. Near-unanimous mandate Every resolution on the agenda passed with resounding support. Shareholders confirmed an interim dividend of UGX67.6, and gave the green light to a final dividend of UGX148.7 per share. This will be payable in October and brings…
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When Ugandan lawyer and investor William Byaruhanga quietly acquired a 14.63 percent stake in Sidian Bank, one of Kenya’s fastest-growing lenders, it sent ripples across East Africa’s financial markets. The…
Former Ugandan Attorney General William Byaruhanga has extended his footprint beyond Kampala’s legal and real estate corridors into Nairobi’s financial sector, in a billion-shilling bet that reshapes the ownership of…
Can you tell us about your early years? Your childhood, where you were born and raised, earliest memories, that sort of thing? I was born in Mulago Hospital, Kampala. I…
Retired Justice Dr. Henry Peter Adonyo has been appointed mediator in High Court matter HCT-00-CC-ME-0348-2025, pitting Dei Industries International Ltd against Equity Bank Uganda Ltd. The case, filed in 2024, had been allocated to Lady Justice Susan Abinyo of the Commercial Division, but on September 9, 2025, it went into mediation, with Justice Adonyo taking charge of the process. The next sitting is scheduled for September 24, 2025. Mediation is intended to resolve disputes amicably without going through the adversarial system. If the parties reach an agreement, it is adopted by the court. If it fails, the case reverts to…
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When billionaire businessman John Ssebalamu acquired twenty parcels of land in Rubaga, Kampala, his vision was to build a state-of-the-art shopping mall that would transform the city’s retail landscape. The…
The boards of CEO East Africa Magazine and The Firm Ltd have announced two landmark leadership appointments at the newly established Centre for Media Innovations & Sustainability (CMIS Africa). Muhereza…
