The Big Story

THE THIEF WITHIN: Who is Stealing from Ugandan Companies?

CEO East Africa MagazineBusiness & MarketsThe Big StoryFebruary 25, 2025February 25, 2025

Uganda is experiencing an economic crime crisis, with businesses and individuals losing over USD 272 million (UGX 1.02 trillion) in 2024 due to fraud, cybercrime, and financial misconduct. This represents…

Ugandans and businesses in 2024 lost USD272 mn in economic crimes; cybercrime, bank, and fraud double

CEO East Africa MagazineNews & AnalysisThe Big StoryFebruary 25, 2025February 25, 2025

Even though the number of financial and economic crimes rose mildly, by 1.6%, from 12,924 cases in 2023 to 13,132 cases in 2024, the severity and amount of money lost…

Ugandan court orders Kenyan businessman Atul Shah to pay UGX 1.3 billion rent arrears for defunct Nakumatt supermarket

Paul MurungiEast AfricaLegal & JusticeThe Big StoryFebruary 24, 2025February 25, 2025

The Commercial Division of the High Court in Uganda has ordered Kenyan businessman Atul Shah to pay Megha Industries Uganda $358,431 (UGX 1.3 billion) and UGX 24.3 million for breach…

What does the UGX700 billion buyout mean for Umeme shareholders?  

Paul MurungiBanking & Financial ServicesEast AfricaThe Big StoryFebruary 24, 2025February 25, 2025

Now that we know we have an idea of the Umeme buyout amount, what could be in it for shareholders?  Umeme has since last year been one of the most…

Britam Uganda Life Appoints Aidah Mwebaze Nkwanzi Chief Executive Officer

Muhereza KyamuteteraCompany NewsThe Big StoryWomen In LeadershipFebruary 24, 2025February 24, 2025

Britam Uganda Life has appointed Aidah Mwebaze Nkwanzi as its new Chief Executive Officer (CEO), marking a strategic move in its expansion into the life insurance sector. This appointment is…

International Olympic Committee (IOC) And Global Technology Company, TCL Announce Global Partnership Through To 2032

Muhereza KyamuteteraThe Big StoryFebruary 23, 2025February 23, 2025

The International Olympic Committee (IOC), on 21st February 2025, announced a Worldwide Olympic Partnership with global technology company TCL through to 2032. TCL will be the official Worldwide Olympic and…

British International Investment sells its 10 percent stake in I&M Group

Paul MurungiBanking & Financial ServicesEast AfricaGlobal NewsThe Big StoryFebruary 22, 2025February 22, 2025

British International Investment (BII), UK’s development finance institution and impact investor, has sold its 10.1% stake in I&M Group PLC, East  Africa’s banking group, to AfricInvest. The acquisition was made…

Why charging parking fees could be a raw deal for mall operators and tenants  

CEO ReporterBusiness & MarketsCompany NewsEast AfricaNews & AnalysisThe Big StoryFebruary 22, 2025February 22, 2025

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DStv losing UGX 2.7 billion annually due to content piracy in Uganda 

Paul MurungiBanking & Financial ServicesBusiness & MarketsGlobal NewsNews & AnalysisTechnology & InnovationThe Big StoryFebruary 21, 2025February 21, 2025

Pay television platform – DStv – is losing at least UGX2.7 billion due to illegal reproduction of its exclusive content by third parties through internet live streaming.  An investigation by…

Finally, BoU Has A Fully Constituted Board: But Who Is Who On One Of The Most Powerful Boards In The Country? 

Muhereza KyamuteteraBanking & Financial ServicesEast AfricaExecutive ProfilesThe Big StoryFebruary 21, 2025February 22, 2025

In fact, it will be the first time the Central Bank has had a chairman in more than 36 months since Emmanuel Tumusiime Mutebile’s death on January 23, 2022.  The…