Uganda Airlines, the country’s flagship carrier and one of the government’s most ambitious public investments in recent years, has been placed under formal investigation by the State House Anti-Corruption Unit…
Ugandans will access Starlink-powered satellite internet only through licensed local telecommunications operators and not through a direct consumer launch, the Uganda Communications Commission (UCC) has ruled. In a detailed clarification…
For all its vast infrastructure and apparent complexity, the internet can be switched off with startling ease. During Uganda’s 2021 general elections, this reality became clear when authorities imposed a…
As Uganda’s insurance industry heads into 2026, it finds itself at a crossroads. Premiums are rising, claims are being paid at record levels, new players are entering the market, and…
Ugandans applying for temporary visit and tourism visas to the United States of America will now be required to post a visa bond, following a new policy introduced by the…
The B20 Summit places productivity and resilience at the heart of Africa’s economic future. Which structural weaknesses in Africa concern you most, and how is Sanlam positioning itself to strengthen resilience against these vulnerabilities? If you start geographically, there’s a major challenge because of just the sheer size of the place, the fact that the population is actually mostly along the coastline of Africa, with this vast interior. A lot of challenges in terms of infrastructure, movement of goods and people and so on, but I think over time, we would like to see more investment in infrastructure in Africa….
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TPS Eastern Africa PLC, the operator of Serena Hotels, has issued a profit warning for the financial year ending 31 December 2025 after slipping into a half-year loss, marking a sharp reversal from the strong earnings momentum recorded in the previous year. The Group, which operates some of East Africa’s most prominent luxury and upscale lodges and city hotels, reported a loss after tax of KShs 16 million (UGX 448 million) for the first half of 2025, compared to a profit of KShs 696 million (UGX 19.49 billion) in the same period last year. The announcement, made in compliance with…
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In Uganda’s Tilenga oil fields, where the low rumble of drilling rigs never stops, every passing hour of operation carries a price tag measured in tens of thousands of dollars. According to official briefings and technical presentations from the Petroleum Authority of Uganda (PAU), the average daily cost to drill a single oil costs $140,000 (UGX 506 million) in the Tilenga project run by TotalEnergies. However, for an industry often defined by staggering figures, a PAU official notes that this figure stands out among the lowest drilling-day rates in the world; other oil wells across the world cost as much as…
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Jubilee Holdings Limited has announced a major restructuring of its Ugandan operations following the approval of the Insurance Regulatory Authority of Uganda (IRA) to amalgamate its two subsidiaries—Jubilee Health Insurance Company of Uganda Limited (JHICU) and Jubilee Life Insurance Company of Uganda Limited (JLICU). Under the approved arrangement, the new business will operate under a single entity: Jubilee Life Insurance Company of Uganda Limited (JLICU). The decision, the company said, follows a comprehensive internal review of its Ugandan portfolio and is aimed at boosting efficiency, improving customer experience, and strengthening its market leadership position in one of East Africa’s fastest-evolving…
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When Kenny Fihla walked onto the stage at the B20 Summit in Johannesburg, there was a sense that the room was bracing for more than a corporate address. As the Group Chief Executive Officer of Absa Group, one of Africa’s most influential financial institutions, he arrived with a message that felt both urgent and momentous. Africa, he argued, is standing at a rare inflexion point, one shaped by shifting global dynamics and the continent’s own emerging strengths. And if the room expected a predictable speech filled with familiar development clichés, they quickly realised they were in for something different. Fihla…
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When Tavaziva Madzinga, Group CEO of Santam, took the stage at the B20 Summit in South Africa, he did not speak like a man representing a single industry. He spoke like someone who understands the gravity of this moment, a moment where global risks are multiplying, societies feel more fragile, and traditional planning methods can no longer keep pace with the volatility that defines our age. He reminded delegates that five years ago, the devastating pandemic that brought the world to its knees was not even on most organisational risk registers. Yet even as the world continues to grapple with…
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Let’s start off with why Absa Group is involved in this B20 summit. When we decided to participate in B20, it was largely because we’re a pan-African bank, and this story being an African story with having a G20 for the first time on the African continent, we felt that it was quite important that we could bring all the African voices into the discussion. We see Africa decisively from an Absa perspective as the space we would want to grow in. And we are very deliberate about solving African stories. How does Absa’s recent acquisition of Standard Chartered’s retail…
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As East African economies continue to navigate the pressures of inflation, currency swings and an increasingly uncertain global landscape, one question is rising to the top of boardroom agendas: how do organisations stay steady when the environment around them keeps shifting? The latest KPMG Africa CEO Outlook suggests that leaders are beginning to find their answer. AI has moved from the margins to the centre of strategic thinking, with 71% of African CEOs investing in AI and talent to strengthen growth and resilience. In East Africa specifically, 40% of CEOs now view AI as a critical tool for operational efficiency…
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You took over as Managing Director in 2019, just before the global disruption of COVID-19. What were your immediate priorities stepping into the role, and how did you steer Kansai Plascon through those uncertain times? Our priority when COVID-19 cases were recorded in Uganda and SOPs were issued was to protect our staff, because they are the drivers of the Plascon engine. We implemented strict health and safety measures across all our operations. We also ensured job security by paying full salaries to all staff throughout the lockdown period to maintain morale. The next priority was to keep operations running…
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The Insurance Regulatory Authority of Uganda has given the green light for AAR General Insurance Uganda Limited to write non-life business in the country, formalising a move the AAR Group has long telegraphed: a strategic shift from being primarily a dominant health membership organisation. The approval, which comes amid a year of intense supervisory change and an industry reset, places AAR squarely in a non-life sector that is large, concentrated and claims-intensive, and in which incumbents were already spending heavily mid-year to defend and expand market share. AAR’s entry is not being attempted from scratch. The IRA’s market report shows…
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