The Big Story

A leap out of the Covid-19 mess: Uganda’s tourism numbers returning to pre-2020 levels

Trevor LutaloHospitality & TourismNews & AnalysisThe Big StoryApril 21, 2025April 21, 2025

Covid-19 pushed the tourism sector on the edge – almost to near collapse – non had ever imagined. It was a global disaster, but one that hurt Uganda’s tourism value…

Government to reduce missions abroad to 15 – Minister Mulimba

Brian EmorutPolitics & GovermentThe Big StoryApril 18, 2025April 18, 2025

The Minister of State for Foreign Affairs (Regional Affairs), Hon. John Mulimba has revealed that the Ministry of Foreign Affairs will reduce the number of diplomatic missions abroad from the…

Absa Bank Uganda Reports UGX178bn in Net Profit, Backed by Strong Double-Digit Growth Across Key Fundamentals

Muhereza KyamuteteraThe Big StoryApril 17, 2025April 17, 2025

Absa Bank Uganda has announced robust financial performance for the year ended December 31, 2024, registering a 22% increase in net profit to UGX 178 billion, up from UGX 145.76…

Elon Musk’s Starlink submits application to UCC to begin operations in Uganda 

Paul MurungiBusiness & MarketsEast AfricaNews & AnalysisThe Big StoryApril 17, 2025April 17, 2025

Starlink, a satellite internet service under American billionaire Elon Musk’s SpaceX company, has submitted an application to obtain a license from Uganda Communications Commission (UCC).  The license will allow Starlink…

Airtel Uganda Introduces Africa’s First AI-Powered Spam Alert Service to Combat Digital Fraud

Paul MurungiCompany NewsThe Big StoryApril 16, 2025April 17, 2025

Airtel Uganda today unveiled its ground breaking AI-powered Spam Alert Service, becoming the first telecommunications provider in East Africa to offer network-level protection against fraudulent messages. This launch also makes…

Claver Serumaga Continues Turnaround of NCBA Tanzania; Net Profit Grows 26% to TZS 25.5 bn

Muhereza KyamuteteraThe Big StoryApril 15, 2025April 16, 2025

In 2024, NCBA Bank Tanzania posted its highest-ever net profit, closing the year with TZS 25.5 billion in after-tax earnings, a 26% increase from the previous year. The bank’s profit…

Hard-Learned Lessons from Grace Munyirwa on Private Equity and Venture Capital That Every Founder Must Know

Muhereza KyamuteteraNews & AnalysisThe Big StoryApril 15, 2025April 15, 2025

Grace Munyirwa never set out to be a pharmacist. His journey into the pharmaceutical industry was purely by chance. With a background in chemistry, his original dream was to become…

Emin Pasha Hotel and Proprietor’s Assets Listed for Auction Amid Broader Financing Pressures in Uganda’s Tourism Sector

CEO East Africa MagazineThe Big StoryApril 15, 2025April 15, 2025

The Emin Pasha Hotel, one of Uganda’s pioneering luxury boutique hospitality brands, has been listed for sale alongside other high-value properties belonging to its proprietor, Lokulie Kennedy Erestus Losuk. The…

Umeme formally disputes UGX 429.2 billion buyout: How will this end?

Paul MurungiBusiness & MarketsNews & AnalysisThe Big StoryApril 14, 2025April 14, 2025

Umeme Limited has officially declared a dispute with the government of Uganda over the buyout amount, signaling a potential legal proceeding, if the issue is not resolved within 30 days….

Dr. Maggie Kigozi on Building Family Businesses: Lessons in Risk, Inheritance, and Succession Planning

Muhereza KyamuteteraThe Big StoryWomen In LeadershipApril 12, 2025April 12, 2025

When Dr. Maggie Kigozi stepped into Crown Beverages Limited (CBL) in 1994 following the death of her husband and co-founder, Eng. Dan Kigozi, she wasn’t merely inheriting shares—she was inheriting…