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    The Big Story

    The BIG Story

    Customers withdraw cash from an ATM, a routine transaction at the center of policy debate after government dropped plans to introduce a tax on all cash withdrawals.

    Govt Abandons Plan to Tax all Cash Withdrawals

    April 2, 2026April 2, 2026 0 Shares
    Government has abandoned a proposed 0.25% excise duty on cash withdrawals from the financial system. The proposal, initially fronted under the 2026/27 Revenue Enhancement and Compliance Measures, was part of...

    World Bank Ready to Fund Standard Gauge Railway Following Talks with President Museveni

    April 1, 2026April 2, 2026 0 Shares
    The World Bank has pledged financial support for Uganda’s long-anticipated Standard Gauge Railway (SGR) project following high-level discussions with President Museveni at State Lodge, Nakasero. The financial pledge adds fresh...

    New Reporting Standards Sink FINCA Uganda into UGX 665 million Loss from UGX 4.9 billion Profit

    April 1, 2026April 1, 2026 0 Shares
    FINCA Uganda Managing Director James Onyutta is facing a challenging year ahead after the microfinance deposit-taking institution slipped into the red, posting a net loss of UGX 662.24 million for...

    Shashi Dhar Drives Bank of Baroda Uganda Profit to UGX 156.8 Billion After Three Years of Strong Growth

    April 1, 2026April 1, 2026 0 Shares
    Bank of Baroda Uganda has reported a 17.1 percent increase in profit after tax to UGX 156.84 billion in 2025, up from UGX 133.95 billion in 2024, underscoring a period...

    Africa Takes The Stage: From Raw Supply To Brand Ownership

    March 31, 2026April 1, 2026 0 Shares
    By Helen McIntee-Carlisle– President of African Marketing Confederation For decades, the narrative of African trade was written by others. The continent was primarily a supplier of commodities – the ingredients...

    What Foreigners Must Know Before Investing in or Acquiring Land in Rwanda

    Jean Claude NshimiyimanaCompany NewsLegal & JusticePolitics & GovermentReal Estate & ConstructionThe Big StoryJanuary 8, 2025January 8, 2025

    Rwanda’s rapid development and business-friendly environment have attracted increasing foreign interest in real estate and agricultural investments. However, the country’s land rights framework is complex and uniquely shaped by its…

    10 Things Bank of Uganda’s Michael Atingi-Ego Did to Stabilise the Economy in 2024

    Brian EmorutBanking & Financial ServicesBusiness & MarketsPolitics & GovermentThe Big StoryJanuary 7, 2025January 7, 2025

    Many analysts agree that the Ugandan economy in 2024 exhibited remarkable resilience, navigating a landscape fraught with global uncertainties and regional challenges. At the centre of this performance was Dr…

    Irene Kaggwa: The ‘precious stone’ that UCC rejected joins International Telecommunication Union in Switzerland 

    Paul MurungiThe Big StoryJanuary 6, 2025January 6, 2025

    Former Uganda Communications Commission (UCC) Acting Executive Director, Eng. Irene Kaggwa’s exit from government is relatable to Jesus’ biblical expression of “a stone which builders rejected [eventually] became the cornerstone.”…

    Cracking Opportunities with Kigali International Financial Centre (KIFC) Club Membership

    Jean Claude NshimiyimanaBanking & Financial ServicesCompany NewsGlobal NewsThe Big StoryThought LeadershipJanuary 6, 2025January 8, 2025

    Imagine stepping into Africa’s booming financial sector with a community behind you, ready to help you connect, grow, and lead. Becoming a member of the Kigali International Financial Centre (KIFC)…

    Breaking Barriers: Gender, Innovation, and the Future of Finance

    Muhereza KyamuteteraBanking & Financial ServicesC-Suite LeadershipThe Big StoryJanuary 5, 2025January 5, 2025

    The financial profession is undergoing a seismic shift. The age-old notions of bookkeeping and audit trails have given way to a dynamic era where finance leaders are pivotal in shaping…

    PROFILES: ABMAK Lawyers who made a mark in the USD 435 million Heritage Oil- URA case

    Paul MurungiThe Big StoryJanuary 3, 2025January 3, 2025

    On the 23rd of December, 2024, four ABMAK Associates’ lawyers made their mark by securing a fair ruling for Heritage Oil in a protracted legal battle against Uganda Revenue Authority…

    JUDGEMENT: Court orders URA to refund excess tax to Heritage Oil in decades-long legal dispute

    Paul MurungiThe Big StoryJanuary 2, 2025January 2, 2025

    The High Court’s Commercial Division Judge, Susan Abinyo, has issued an order to Uganda Revenue Authority (URA) to refund excess tax to Heritage Oil after a decades-long legal battle between…

    ANALYSIS: How will Uganda’s energy sector fare after Umeme’s exit? 

    Paul MurungiThe Big StoryDecember 31, 2024February 27, 2025

    The handover of Umeme licenses for the sale and distribution of electricity to Uganda Electricity Distribution Company Limited (UEDCL) has put the country’s energy sector into sharp focus, especially with…

    MTN Uganda secures UGX 370 billion debt from five local banks 

    Paul MurungiThe Big StoryDecember 31, 2024January 1, 2025

     MTN Uganda has secured UGX 370 billion (USD 100 Million) in debt financing in one of the largest local currency debt transactions in Uganda, which will be used by the…

    ALLEN C. KAGINA: Person of the Year 2024

    Muhereza KyamuteteraThe Big StoryDecember 30, 2024December 30, 2024

    The bill for creating the Uganda National Roads Authority (UNRA) was passed by the Parliament of Uganda in May 2006 and assented to by the President in June 2006. The…

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