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    The Big Story

    The BIG Story

    Equity Bank Rwanda headquarters in Kigali and Managing Director Hannington Namara. Authorities in Uganda have arrested six suspects linked to a cross-border digital fraud targeting the bank, as investigations into the multi-million-dollar heist continue.

    6 Ugandans Arrested in Connection to USD 3.4 Mn Equity Bank Rwanda Digital Heist

    March 22, 2026March 22, 2026 0 Shares
    Six Ugandans have been arrested and are set to be arraigned in court on March 23, 2026 in connection with a cross-border digital fraud scheme targeting Equity Bank Rwanda, marking...

    Why April–June is Known as the Transfer Window in Uganda’s Banking Industry

    March 22, 2026March 22, 2026 0 Shares
    Every year, almost like clockwork, a quiet but consequential shift begins to take shape across the banking sector. It is neither announced nor formally recognized, yet it is deeply understood...

    Ruparelia Group Wins Key Entebbe Land Case, Clearing Path for the New Mega Speke Resort and Convention Centre, Entebbe

    March 19, 2026March 19, 2026 0 Shares
    The High Court of Uganda has delivered a decisive ruling in a long-running land dispute in Kongero, Wakiso District, handing Ruparelia Group’s Speke Hotel 1996 Limited a major legal victory...

    World Bank bans PwC Africa, Rwanda and Kenya affiliates from Bank Group-financed projects over fraudulent practices

    March 18, 2026March 18, 2026 0 Shares
    The World Bank Group has debarred three PricewaterhouseCoopers (PwC) entities in Africa for 21 months over their involvement in collusive and fraudulent practices linked to a major regional energy project...

    Equity Group Posts Record 55% Surge in Profit to KSh75.5b: Uganda Bounces Back With 500% Growth in Net Profit – A Defining First Year for MD Gift Shoko

    March 18, 2026March 18, 2026 0 Shares
    From L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Chairman, Prof Isaac Macharia, Group Managing Director and CEO, Dr James Mwangi, and Equity Bank Uganda Managing Director, Gift Shoko, during the 2025 Investor Briefing event.
    Equity Group Holdings has delivered one of the most remarkable financial performances in East Africa’s banking history, posting a 55% surge in profit after tax to KSh75.5 billion in FY2025,...

    Board Governance and Succession in East Africa: A Conversation with LEAD CEO Trevor Ariho

    Paul MurungiThe Big StoryThought LeadershipMay 26, 2025May 26, 2025

    To unpack the complex intersection of leadership, governance, and organizational resilience, CEO East Africa Magazine’s Paul Murungi sat down with Trevor Ariho, Chief Executive Officer of the League of East…

    All Eyes on Godfrey Sebaana as DTB Uganda’s Decade-Long Growth Trajectory Pauses in His First Year as CEO

    CEO East Africa MagazineCompany NewsThe Big StoryMay 26, 2025May 26, 2025

    Diamond Trust Bank Uganda Limited (DTB Uganda) reported a mixed financial performance for the year ended December 31, 2024, marking a significant inflexion point in its decade-plus-long growth story. After…

    Birds, Game & Scenery: Hitting the Safari Trifecta with Woodland Lodges  

    Trevor LutaloDestinations & HotelsFood, Wine & Fine DiningHospitality & TourismThe Big StoryMay 26, 2025May 26, 2025

    Imagine earning a remarkable safari trifecta without straining your wallet – sounds enticing, right? If your passions revolve around birdwatching, exhilarating game drives, and stunning landscapes, this adventure is tailored…

    Strategic, and Purpose-Driven: Veronicah Namagembe, the Steady Hand Behind Pride Bank’s Rise

    Muhereza KyamuteteraThe Big StoryWomen In LeadershipMay 24, 2025May 24, 2025

    Earlier this month, Pride Microfinance Limited, Uganda’s largest Microfinance Deposit-Taking Institution (MDI), officially transitioned into a Tier II banking institution, earning the regulatory nod to operate as Pride Bank Limited….

    Financing The Real Economy: Who Are Uganda’s 10 Most ‘Hardworking’ Banks?

    Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryMay 24, 2025October 21, 2025

    Against a backdrop of slowing credit appetite and shifting investment strategies, Uganda’s commercial banking sector recorded UGX 35.24 trillion in customer deposits in 2024, up from UGX 33.60 trillion in…

    Kyanja: A suburb on the rise that promises a futuristic Kampala

    CEO East Africa MagazineThe Big StoryMay 23, 2025May 23, 2025

    As Kampala’s urban boundaries stretch farther from the city centre, the once-sleepy residential enclave of Kyanja has emerged as a focal point for retail and mixed-use real estate investment. Now,…

    Top Banks Eye Acquisition of Standard Chartered’s Retail and Wealth Business

    Paul MurungiBanking & Financial ServicesThe Big StoryMay 23, 2025May 23, 2025

    Standard Chartered Bank Uganda Chief Executive, Sanjay Rughani has indicated that a number of major banks have expressed interest in acquiring the bank’s Retail and Wealth Business.  The London-based group…

    UEDCL Acquires More UGX 91 billion Loan From Absa Bank To Refurbish Dilapidated Electricity Infrastructure

    Paul MurungiNews & AnalysisPolitics & GovermentThe Big StoryMay 23, 2025May 23, 2025

    Uganda Electricity Distribution Company Limited (UEDCL), which has managed the country’s electricity distribution assets for 53 days since Umeme’s exit, has secured a USD 25 million (UGX 91 billion) loan…

    EXCLUSIVE: Here is a List of UBL Shareholders Who Sold—And Those Who Refused to Sell to EABL

    Paul MurungiEast AfricaNews & AnalysisThe Big StoryMay 22, 2025May 23, 2025

    In an extraordinary act of shareholder resolve, a majority of the minority investors in Uganda  Breweries Limited (UBL) stood their ground against a high-stakes buyout offer from East African Breweries…

    Is EABL Next on the Market as Diageo Steadily Exits Africa?

    CEO East Africa MagazineEast AfricaNews & AnalysisThe Big StoryMay 22, 2025May 22, 2025

    East African Breweries Limited (EABL), one of the crown jewels in Kenya’s corporate sector, is now at the centre of market speculation following a broader strategic pivot by its parent…

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