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...
For the past decade, gold has quietly emerged as Uganda’s single largest export earner, reshaping the country’s trade profile and foreign exchange inflows. But the journey has been anything but steady, marked by dramatic booms, abrupt halts, and now a historic peak. Modest beginnings Gold earnings, according to data from Bank of Uganda had in the five years to June 2014 averaged at $4.7 million annually. But dramatically surged in the 2015/16 financial year to $204 million. Volumes also rose to 5,423 kilogrammes and more than doubled to 11,038 kilogrammes, from which $433 million was earned in the 2016/17 financial…
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Vincent Bolloré, born in 1952 in Boulogne-Billancourt, France, inherited and transformed his family’s modest paper-manufacturing business into a sprawling, multinational conglomerate. Under his leadership, Bolloré Group expanded into diverse sectors, from logistics and media to energy and plantations, marking a strategic pivot from traditional industry to global influence A media powerhouse Media and communications have become central to Bolloré’s empire, with the group holding substantial stakes in major media and entertainment firms, including Universal Music Group (18.5%), Canal+ (30.4%), Havas (30.4%), Vivendi (27.6%), and Louis Hachette Group (30.4%). These holdings position Bolloré as a key figure in shaping global media…
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Ugandans will determine whether French media giant Groupe Canal+ effectively completes the takeover of South Africa’s MultiChoice and GOTV in Uganda. The move is part of a larger acquisition in more than 50 countries. In a notice on Tuesday, broadcast regulator, Uganda Communications Commission (UCC), noted that Groupe Canal+ had applied for the transfer of shares for the control of MultiChoice subsidiaries in Uganda. This followed the completion of a $3 billion deal in July to acquire 100% of MultiChoice Group, the parent company of DStv and GOtv in Uganda. The move marks the latest step in a transaction that…
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Q: Madam President, one year in — how would you describe the journey so far? A: It has been a deeply purposeful and rewarding journey. When we took office in…
Uganda is traditionally viewed as one of the world’s youngest nations, with nearly half the population under 18. Yet behind this youthful imagery lies a silent demographic shift: the number…
For most working Ugandans, the dream of owning a decent home remains just that—a dream. With soaring construction costs, high interest rates, and a complex mortgage application process, many lower-middle-class…
Former Stanbic Bank Kenya CEO and recently the Regional Chief Executive for Stanbic, East Africa, Joshua Oigara has shared a concise but powerful set of principles on building alignment between CEOs and boards. Posting on his LinkedIn page, Oigara reflected on the realities new chief executives face when stepping into the top job, and the often overlooked challenge of working with boards they did not choose. “New CEOs rarely arrive with new boards,” Oigara noted. “More often than not, the board is already in place with set priorities and governance traditions.” Unlike executive teams, which a CEO can gradually shape…
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SBC Kenya Ltd, the official bottler of PepsiCo beverages in Kenya, has engaged MANATI Africa International Ltd, a boutique FMCG consultancy firm, to spearhead its renewed push in Kenya’s competitive carbonated soft drinks market. The two-year assignment will focus on re-establishing and accelerating Pepsi’s presence in the country. The initiative will be led by three former Diageo executives—Baker Magunda, Gerald Mahinda, and John K’Otieno—who bring decades of combined leadership experience across African and international beverage markets. SBC Kenya Ltd is the authorised bottler of PepsiCo beverages in Kenya. Operating a modern production facility in Nairobi, the company distributes a diverse…
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The High Court’s Commercial Division has ruled in favour of KCB Bank Uganda Limited in a high-stakes debt recovery case, ordering two former executives of Great Lakes Coffee Company Limited to pay over USD 1.1 million. Hon. Lady Justice Susan Odongo dismissed an application by Great Lakes Coffee Co. Ltd, Andreas Nicolaides, and Stamos Konstatinos seeking unconditional leave to defend a summary suit filed by the bank. The judge found that the applicants had failed to raise any bona fide triable issues, clearing the way for immediate judgment. Background of the Dispute KCB Bank sued the coffee company and its…
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Coaching is no longer a luxury. It has become a strategic enabler in boardrooms and team meetings, helping uncover layers of conversation that traditional management or leadership often missed. Every employee deserves the chance to bring their best to the table. Yet, in many workplaces, coaching remains the preserve of C-suite executives and board members—largely because of the high investment required. Gloria Kamukama, Project Coordinator at Girls for Girls (G4G), once believed coaching was reserved for executives or those in crisis. Today, she appreciates its value in shaping leaders. “You lead in different spaces and with people of diverse personalities….
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