The Big Story

Equity Bank Fires Nearly 200 Staff in Sweeping Integrity Crackdown Following M-Pesa and Account Audit

CEO East Africa MagazineBanking & Financial ServicesNews & AnalysisThe Big StoryMay 22, 2025May 22, 2025

Equity Bank Fires Nearly 200 Staff in Sweeping Integrity Crackdown Following M-Pesa and Account Audit Uganda’s UGX 65 Billion Loan Fraud and UGX 4 Billion Visa Losses Reveal Deeper Regional…

Marketing Guru Juliana Kagwa Appointed New CEO of Uganda Tourism Board

Paul MurungiHospitality & TourismNews & AnalysisThe Big StoryThe Executive TravelerMay 21, 2025May 21, 2025

Senior marketing guru Juliana Kaggwa has been appointed the new Chief Executive Officer of the Uganda Tourism Board, replacing Lilly Ajarova, who moved on to a new role as Senior…

Zamara Uganda Surpasses UGX 1 Trillion in Assets Under Administration

CEO East Africa MagazineCompany NewsThe Big StoryMay 21, 2025May 21, 2025

Zamara Uganda, the country’s oldest and largest retirement benefits administrator, has crossed a major milestone—surpassing UGX 1 trillion in assets under administration, covering more than 17,000 members across 42 corporate…

Charity Mutagamba: Fintechs have to concentrate on creating solutions

Kisakye ImaniThe Big StoryMay 20, 2025May 29, 2025

In a world where Fintech is fast reshaping Africa’s economic landscape, few leaders are steering the transformation with the grace, grit, and vision of Charity Mutagamba, the CEO of FinCom…

Who is Sanjay Awasthi, the Quiet Billionaire Forging Uganda’s Green Steel Revolution at Tembo Steels?

Paul MurungiBillionairesBusiness & MarketsEntrepreneurshipThe Big StoryMay 20, 2025January 8, 2026

In a region hungry for industrial transformation, one man is quietly forging a revolution. Sanjay Awasthi, the reclusive billionaire behind Tembo Steels, has built Uganda’s most advanced and environmentally conscious…

Equity Bank Uganda Taps NCBA’s Claver Serumaga and Stanchart’s Catherine Psomgen to Reignite Growth

CEO East Africa MagazineThe Big StoryMay 19, 2025January 20, 2026

After a turbulent 2023 marked by a rare financial loss and significant executive turnover and a cautious 2024, Equity Bank Uganda is reinforcing its leadership bench with the appointment of…

EY Tops Uganda’s Banking Sector as Most Preferred Auditor in 2024

CEO East Africa MagazineThe Big StoryMay 19, 2025May 19, 2025

Ernst & Young (EY) in 2024 audited more banks than its peers, cementing its position as the leading external auditor in Uganda’s banking industry. With assignments from 11 commercial banks…

Nigerian Banks Fail to Deliver on Their Threat to Shake Up Ugandan Market

CEO East Africa MagazineThe Big StoryMay 18, 2025May 18, 2025

In a 2007 pre-opening interview with the CEO East Africa Magazine, Manz Denga, the then United Bank for Africa (UBA) Managing Director, spoke strongly about his bank’s ambitions in Uganda….

Stanbic Bank Uganda at a Crossroads: Can Mumba Kalifungwa Reignite the Blue Spark of Yesteryears?

Muhereza KyamuteteraThe Big StoryMay 16, 2025May 16, 2025

Stanbic Bank Uganda has for years stood tall as the country’s largest and most profitable commercial bank. From balance sheet dominance to steady profit leadership, the bank has long held…

Bank of Uganda Holds CBR at 9.75% Amid Resilient Growth and Rising Inflationary Risks

Paul MurungiBanking & Financial ServicesNews & AnalysisThe Big StoryMay 16, 2025May 16, 2025

The Bank of Uganda (BoU) has opted to hold its Central Bank Rate (CBR) steady at 9.75% in its May 2025 Monetary Policy statement, citing a resilient domestic economy and…