The Big Story

The growing influence of Sarrai Group: The company behind Kilembe Mines’ redevelopment 

Paul MurungiBusiness & MarketsEnergy, Oil & GasThe Big StoryMarch 6, 2025March 7, 2025

On 14 April 2022, Justice Mabeya, of the High Court in Kenya cancelled a 20-year concession that had leased Mumias Sugar assets to Sarrai Group in December 2021.  The termination…

MTN Uganda’s Sylvia Mulinge delivers a landmark UGX641.5 bn in 2024 net profit, underpinned by all-around stakeholder value 

Muhereza KyamuteteraCompany NewsThe Big StoryWomen In LeadershipMarch 6, 2025March 6, 2025

MTN Uganda has recorded a landmark UGX641.5 billion in net profit for 2024, reflecting a strong financial performance and a year of sustained commercial momentum. Under the leadership of Chief…

INTEGRITY, MINDSET, EXCELLENCE AND MENTORSHIP!  CFO of the Year, Kate Kiiza, Shares Her Story On Becoming a Holistic Finance Leader

Muhereza KyamuteteraC-Suite LeadershipThe Big StoryWomen In LeadershipMarch 6, 2025March 6, 2025

Iron sharpens iron, and it is all about integrity, a positive mindset, and an unwavering commitment to excellence. These are the core principles that have defined Kate Kiiza, the CFO…

Non-life continues to dominate insurance sector, but microinsurance is rapidly growing  

Paul MurungiBanking & Financial ServicesNews & AnalysisThe Big StoryMarch 5, 2025March 5, 2025

Insurance gross written premiums grew by 12.04%, increasing by at least UGX 192.4 billion in the three months to December 2024.   Details contained in the Insurance Regulatory Authority (IRA) Market…

Law Firm, ALP East Africa Announces Key Leadership Appointments in Uganda

Muhereza KyamuteteraCompany NewsLegal & JusticeThe Big StoryMarch 5, 2025September 5, 2025

ALP East Africa, the first fully integrated firm in East Africa, has announced key leadership appointments across its Uganda and East Africa offices, further strengthening its commitment to providing top-tier…

The Harvest Is Always Bigger Than The Seed And 17 Other Lessons That Diana Kisaka Has Learnt In 17 Years As A Finance Professional At Uganda Revenue Authority

Muhereza KyamuteteraC-Suite LeadershipThe Big StoryWomen In LeadershipMarch 5, 2025March 5, 2025

In an era where professionals frequently change jobs in search of higher salaries, better working conditions, or new challenges, Kisaka is a rare example of stability. She has spent 17…

Meet the Big Bankers Bossing the Bancassurance Sector

Paul MurungiBanking & Financial ServicesNews & AnalysisThe Big StoryMarch 4, 2025March 4, 2025

Beyond the conventional channels of writing insurance premiums, insurers have also built a new revenue stream of bancassurance through which they partner with banks to recruit new policyholders.  During the…

Allegations Of Influence Peddling And Bidder Favoritism As Bank Of Uganda Cancels Multi-Billion National Payments Switch Procurement Post-Award

CEO East Africa MagazineBusiness & MarketsNews & AnalysisThe Big StoryMarch 4, 2025March 4, 2025

The Bank of Uganda (BoU) has come under intense scrutiny following its abrupt cancellation of the National Payments Switch (BNPS) procurement process. This move has raised significant concerns over transparency,…

Hima Cement investor, Sarrai Group takes over Kilembe Mines with UGX 46 billion in accumulated losses 

Paul MurungiBusiness & MarketsEnergy, Oil & GasThe Big StoryMarch 3, 2025March 3, 2025

Hima Cement investor, Sarrai Group is set to take over and re-develop Kilembe Mines based in Kasese District after signing a new agreement with the government.  Hima Cement which is…

Mumba Kalifungwa Takes Helm at Stanbic Bank Uganda

Muhereza KyamuteteraCompany NewsThe Big StoryMarch 3, 2025March 3, 2025

Stanbic Bank Uganda, the country’s largest lender by assets, revenue, and deposits, has today, March 3, 2025, officially welcomed Mumba Kenneth Kalifungwa as its new Chief Executive.  His appointment, first…