The Big Story

Businessman Haruna Sentongo, A Brother to Billionaire Businessman Hamis Kiggundu, Ordered to Pay UGX 10.38 Bn to I&M Bank or Lose Property

Brian EmorutLegal & JusticeNews & AnalysisThe Big StoryMarch 30, 2025March 30, 2025

In a recent ruling that has captured the attention of Uganda’s business community, businessman Haruna Sentongo, the brother of billionaire businessman Hamis Kigundu, has been ordered by Uganda’s Court of…

Equity Group reports Kshs 60.7 billion Profits Before Tax, driven by Strategic Diversified Growth

Brian EmorutCompany NewsNews & AnalysisSponsored ContentThe Big StoryMarch 29, 2025March 29, 2025

Equity Group Holdings Plc continues to deliver solid financial results, underpinned by the Group’s strategic focus on diversification, innovation, and regional expansion. With strong liquidity, capital buffers, and robust regional…

The Umeme buyout heat that is threatening to turn chaotic

Paul MurungiBusiness & MarketsEast AfricaNews & AnalysisThe Big StoryMarch 28, 2025March 28, 2025

The current rope pulling and shoving offer an insight into what is turning out to be an interesting twist in the exit of Umeme.  Until a few days ago, the…

Powering Shared Prosperity: How MTN’s Growth is Connecting Ugandans to More Opportunity, Inclusion, and Growth

Muhereza KyamuteteraNews & AnalysisThe Big StoryMarch 27, 2025March 27, 2025

In 2024, MTN Uganda delivered more than just record-breaking financial results—it delivered measurable national impact. With UGX 641.5 billion in net profit, UGX 1.3 trillion in total tax contributions, and…

Auditor General recommends UGX 433 billion Buyout amount as Umeme seeks UGX 858 billion

Paul MurungiEast AfricaLegal & JusticeNews & AnalysisThe Big StoryMarch 27, 2025March 28, 2025

Uganda Parliament Speaker, Anita Among has today received the Auditor General’s report on Umeme which recommends a USD 118 (UGX 433 billion) Buyout amount for the unrecovered investments.  Speaker Among…

Media Maverick Julius Kyazze Acquires Stake in NRG Radio; Promises a New Future and Push into New Markets

Muhereza KyamuteteraCompany NewsThe Big StoryMarch 27, 2025March 27, 2025

Julius Kyazze, one of Africa’s emerging most influential figures in entertainment and creative enterprise, has officially ventured into broadcast media, acquiring a significant stake in NRG Radio Uganda through its…

EACOP secures external financing from five regional banks

Paul MurungiBusiness & MarketsGlobal NewsThe Big StoryMarch 26, 2025March 27, 2025

EACOP Ltd., the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to Tanga in Tanzania has closed…

Pay Tv service providers lost 47,000 of subscribers in 2024

Paul MurungiCompany NewsEast AfricaNews & AnalysisThe Big StoryMarch 26, 2025March 26, 2025

Pay television service providers lost at least 31.9% subscribers in the 12 months to December 2024, according to the Uganda Communications Commission (UCC) Market Performance Report. The loss is contained…

MTN Group and Airtel Africa agree to network sharing in Uganda and Nigeria

Brian EmorutNews & AnalysisThe Big StoryMarch 26, 2025March 27, 2025

MTN Group and Airtel Africa have entered into agreements to share network infrastructure in Uganda and Nigeria, while ensuring compliance with local regulatory and statutory requirements.  In a joint statement published…

Bleeding Ink: New Vision announces financial loss for the year 2024

CEO ReporterCompany NewsNews & AnalysisThe Big StoryMarch 26, 2025March 27, 2025

The Vision Group, publisher of the New Vision newspaper, and owner of other affiliated media houses, has announced a loss for the financial year ending December, 2024.  A Board of…