When Soumendra Sahu took over as Managing Director and Chief Executive Officer of Airtel Uganda in December 2024, he stepped into one of the most competitive, politically sensitive, and fast-evolving…
The cardiology specialist on courage, focus, introverted leadership and finding her ikigai In this instalment of our Letters to My Younger Self series, Dr. Amanda Kamatamu Mbonye reflects on a…
At a glance, the careers of Uganda’s leading executives appear polished, intentional and perfectly sequenced. The kind of journeys young professionals imagine when they picture success. But behind the confidence…
In the second instalment of our Letters to My Younger Self series, Jackie Namara, a Chartered Marketer, reflects on a life and career that has spanned more than 25 years…
The Association of Chartered Certified Accountants (ACCA) Uganda and Deloitte Uganda last evening hosted the 9th Edition of the Chief Financial Officer (CFO) Awards at the Kampala Serena Hotel, celebrating...
In his parting shots, after his two-year stay at Stanbic Bank, Elijah also draws on his larger 20+ years of knowledge in Uganda’s tech space and shares 5 key lessons to especially those aspiring to become tech executives. Innovation: The threats that financial institutions face are complex and fast evolving. Your balance between risk and innovation will be tested. Focus: Whatever you do, don’t spread yourself thin. Find the one thing that if you get right will make room for the rest. The one thing that if you don’t get right, nothing else you get right matters. That’s the…
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Ubuntu Towers is now part of Towerco Of Africa (TOA), a subsidiary of AXIAN Telecom, operating in Madagascar, Tanzania and DRC. TOA company brings together industry expertise, and diverse and established partnerships founded in ease of doing business with next-generation innovation to drive a transition towards a carbon-neutral towerco infrastructure across Africa. Three years down the road, CEO East Africa Magazine’s Muhereza Kyamutetera sat down with him, to learn about his experience and his shared optimism about the future. Let us start by understanding you as a person⏤how do you describe yourself? My name is Geoffrey, Donnels Oketayot. I’m the CEO of Ubuntu…
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Hardly a year into his new role as Operating Executive for the MTN Group’s WECA Markets of Liberia, Guinea-Conakry, Guinea-Bissau, and Congo-Brazzaville, Wim Vanhellepute, has been picked by Safaricom Plc, to head its Ethiopian unit⏤ Safaricom Telecommunications Ethiopia Plc. The Ethiopian unit is owned by Safaricom Plc, Vodafone Group, Vodacom Group, Sumitomo Corporation and British International Investment (formerly known as CDC Group) and was licensed on 9 July 2021. According to an official announcement by Safaricom Group on its social channels, Wim will replace Anwar Soussa as CEO, effective 1st September 2023. It is not clear why Anwar, Safaricom…
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What is the Commission’s overall take on the competitiveness landscape across the various segments of the telco industry and how is this likely to shape the development of the sector in 2023 and beyond? While the Commission continues to promote fair and competitive conduct across the communications value chain (markets), we note that some segments of the market/value chain are not as competitive as others. The differences in competitiveness at various layers of the telecommunications value chain may be attributed to differences in structural drivers such as market size as well as policy influences in the respective segments. Sometimes a…
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The interview takes place against a backdrop of significant positive performance, as reported in the 2022 published financials. Equity Bank Uganda, registered significant growth, reporting a 32% growth in customer numbers from 1.222 million to 1.613 million and a 39% growth in the number of agents from 5,572 agents to 7,727 agents as well as 6,048 merchants. This fuelled a 21% growth in deposits from UGX 2.29 trillion to UGX2.76 trillion and subsequently a 6% growth in credit supply from UGX1.54 trillion to UGX 1.63 trillion. Increased deposits and lending fuelled a 22.6% growth in total income, from UGX382.7 billion…
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In accordance with Rule 36 of the Uganda Securities Exchange Listing Rules 2021, the Board of Directors (the “Board”) of Stanbic Uganda Holdings Limited (SUHL) has appointed Mr. Baker Magunda as an Independent Non-Executive Director and Chairman of the Board. His appointment takes effect from 2nd June 2023. He replaces, Japheth Katto who has retired. Mr. Magunda currently serves as the Chief Growth Officer at Dance Africa Corporation and until recently worked with Diageo PLC in various capacities such as CEO, Guinness Nigeria PLC; CEO, Diageo Ethiopia Hub, and Indian Ocean Markets; CEO, Guinness Cameroon SA and Managing Director of…
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Sir Ivan Menezes the ‘Captain Morgan’ of the Diageo Plc ship has passed on, after a short illness. “This is an incredibly sad day. Ivan was undoubtedly one of the finest leaders of his generation,” said Javier Ferrán, Chairman, Diageo plc in a statement. “Ivan was there at the creation of Diageo and over 25 years, shaped Diageo to become one of the best performing, most trusted and respected consumer companies. I saw first-hand his steadfast commitment to our people and to creating a culture that enabled everyone to thrive. He invested his time and energy in people at every…
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Ugandan fintech, Zofi Cash, has raised USD 1 Million in a pre-seed round from Advancly. The funding round, which is purely debt, will see Zofi Cash extend its salary advance services to cover a waiting list of 20,000 employees. Zofi Cash was founded in October 2021 by Paul Kirungi, the CEO and Gordon Turibamwe as the CTO, a pair of Ugandans who returned to Uganda after a decade in the USA with a goal to end the 30-day pay cycle. “We partner with employers who want to extend this (salary advances) to their employees,” Paul tells CEO East Africa in…
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Kobo360 defines itself as Africa’s leading supply chain technology platform. In simple terms, what does that mean? What problems do you solve? Kobo360 is a tech-enabled logistics platform that connects cargo owners with freight forwarding partners. With just a few clicks on our seamless mobile and web applications, cargo owners can simply request any truck type of their choice and have their goods picked up and delivered to the required destination. Our company uses an Artificial Intelligence (Al) enabled omnichannel platform to connect cargo owners to verified transporters, thus providing reliability, visibility, efficiency, prompt payment, on-demand insurance, and other value-added…
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In an address to the Assembly Hall at the Paulskirche in Frankfurt, Germany on June 25, 1963, the then USA president, John F Kennedy said one of his famous quotes. “For time and the world do not stand still.” he said, “ Change is the law of life.” And change is upon us at SafeBoda. In a LinkedIn post, Rob Sanford announced his promotion to the CEO job at SafeBoda, one of Uganda’s biggest startups. (Read our story about the announcement here). A few days later, his predecessors, Co-CEOs Maxime Dieudone and Alastair Sussock confirmed the news in separate LinkedIn…
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