The Big Story

Billions Sent Home, But to Whose Benefit? The Remittance Riddle Facing Ugandan Banks

Paul MurungiThe Big StoryAugust 1, 2025July 31, 2025

Every month, tens of thousands of Ugandan households receive life-sustaining  remittances from family members living abroad.  These funds, estimated at over USD 1.4 billion annually according to the Bank of…

EABL Defies Market Headwinds to Post Kshs 12.2 Billion Profit in FY2025, Declares Higher Dividend

Muhereza KyamuteteraCompany NewsThe Big StoryJuly 31, 2025July 31, 2025

East African Breweries PLC (EABL) has reported a solid full-year performance for the year ended June 30, 2025, posting a 12% jump in profit after tax to Kshs 12.2 billion,…

Uganda’s CHAN 2024 Tickets Most Expensive in East Africa

CEO ReporterNews & AnalysisThe Big StoryJuly 31, 2025July 31, 2025

Uganda has emerged as the most expensive host country for the 2024 African Nations Championship (CHAN). Ticket prices at Mandela National Stadium, Namboole, are significantly higher than those in co-hosts…

Banks Move to Crack Down on Substandard Real Estate Developers After Diaspora Property Outcry

Paul MurungiReal Estate & ConstructionThe Big StoryJuly 30, 2025July 30, 2025

Ugandan Banks have responded to growing concerns from the diaspora community over the quality of real estate developments financed through mortgages, announcing a raft of reforms to protect buyers and…

Bank of Uganda to Begin Buying Gold After Year-Long Wait

Paul MurungiBanking & Financial ServicesThe Big StoryJuly 30, 2025July 30, 2025

Uganda’s central bank is set to commence buying gold almost a year after announcing its domestic gold purchase programme, marking a significant shift in the country’s approach to reserve management…

The Pressure is on: Reuben Tumwebaze’s Uganda Clays Turnaround Faces Harsh  Realities

Jeff WintersThe Big StoryJuly 29, 2025July 29, 2025

When Reuben Tumwebaze assumed the reins of Uganda Clays (UCL) in March 2021, he walked into a company weighed down by its past. Once a market leader with deep roots…

Diageo Considers EABL Sale Amid Exit From African Beer Markets

CEO ReporterThe Big StoryJuly 29, 2025July 29, 2025

Bloomberg has reported that British multinational Diageo has appointed Bank of America and Goldman Sachs to oversee a review of its 65% stake in East African Breweries Limited (EABL). The…

EXCLUSIVE Q&A | Kenny Fihla: Steering Absa Group Into Its Next Growth Chapter

Muhereza KyamuteteraCEO PerspectivesThe Big StoryJuly 28, 2025February 24, 2026

Thank you very much for the opportunity to speak with you. I’ve been following some of the remarks you’ve made since your appointment in June, and one recurring theme that…

BREAKING NEWS: UETCL CEO Joshua Karamagi Resigns, Eng. Richard Matsiko Appointed Acting CEO

Paul MurungiEnergy, Oil & GasThe Big StoryJuly 25, 2025July 25, 2025

In a surprise executive shake-up, Uganda Electricity Transmission Company Limited (UETCL) has announced the resignation of its Chief Executive Officer, Mr. Joshua Karamagi, CFA. The Board of Directors accepted his…

CHAN Pamoja’s $1 Ticket Gamble: Smart Economics or a Costly Football Fantasy?

CEO ReporterThe Big StoryJuly 25, 2025July 26, 2025

Preparations are in high gear. Every sign suggests that the 2024 African Nations Championship (CHAN), due in August 2025, is shaping up. Hosted by Uganda, Kenya, and Tanzania under the…