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...
Uganda, a major recipient of America’s foreign aid, could find herself in a tough position after the 47th President of the United States of America, Donald Trump issued an executive order halting all foreign development assistance pending review in a manner that aligns, and is consistent with Trump’s new government priorities. “The United States foreign aid industry and bureaucracy are not aligned with American interests and in many cases antithetical to American values. They serve to destabilize world peace by promoting ideas in foreign countries that are directly inverse to harmonious and stable relations internal to and among countries,” the…
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Government offices have continued to default on water bills which have ballooned to UGX 73 billion as the burden shifts to ordinary Ugandans who shoulder most of the payments. Details submitted to Auditor General Edward Akol, reveal how National Water and Sewerage Corporation (NWSC) receivables, or amounts yet to be paid, clocked UGX 355 billion in water bills, out of which over UGX 72.5 billion (20%) relates to unpaid bills by Government Ministries, Departments and Agencies (MDAs). Some unpaid bills have been outstanding for more than two years. The Auditor General noted that the matter of unpaid bills was brought…
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In the dynamic world of corporate finance, the Chief Finance Officer (CFO) role undergoes a significant transformation. No longer confined to back-office number crunching, today’s CFOs act as strategic partners, innovation drivers, and key contributors to organisational success. Few embody this shift better than Peter Ssenyange, the Chief Finance Officer of PostBank Uganda. In an exclusive interview with CEO East Africa Magazine’s Muhereza Kyamutetera, Ssenyange shares his journey, challenges, and vision for the future of the finance profession.“The baseline role of the CFO does not change,” Ssenyange begins. “We still say no to many things to ensure the organisation’s survival,…
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The Uganda Electricity Transmission Company (UETCL) has been ranked as the most profitable public company with a profit of UGX 82.3 billion earned through energy sales in the Financial Year (FY) ending June, 2024. UETCL was closely followed by Uganda Electricity Generation Company (UEGCL) at 54.2 billion and Uganda Civil Aviation Authority at UGX 32 billion. The three top public corporations raked in a combined UGX 168 billion in annual profits outperforming other 17 sister corporations and state enterprises, according to details from the latest Auditor General’s report. However, UETCL’s profitability decreased by 13 percent from UGX 94 billion in…
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Uganda Airlines’ expansion plan to dominate the aviation industry has been met with financial hurdles after a new Auditor General’s report unearthed the Airlines’ performance for the Financial Year 2023/24 showing a net loss of UGX 238 billion, which is a 26 percent% drop from the UGX 325 billion loss incurred in 2023. The sustained losses according to the Auditor General threatens financial sustainability and shareholder value for the airline. The national carrier also disclosed contingent liabilities of UGX.12 billion (USD 3.15 million), primarily relating to pending court cases which is likely to expose the company to significant legal costs,…
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Airtel Uganda has a new boss, Soumendra Sahu. He joins Uganda’s second-largest telco at an interesting time— increasing competition from MTN, the market share leader, and other independent ISPs. There are also unmet shareholder growth expectations promised during the telco IPO. The new boss must invest more in the network to boost 5G adoption, expand smartphone penetration, address operational costs, and counter Starlink’s looming entry. Airtel must innovate to maintain its edge in data revenue and tackle a shrinking market share, especially in voice services. Additionally, stabilising leadership following key staff exits and managing regulatory and economic pressures will test…
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Equity Bank Uganda, a subsidiary of the Pan-African Equity Group Holdings Plc, has announced the appointment of Gift Shoko as its new Managing Director. This strategic decision, pending regulatory approval, marks a transformative phase for the bank as it aims to expand its footprint and enhance its service delivery across Uganda. With over 26 years of banking experience, Shoko brings a wealth of expertise in commercial, multi-regional banking and leadership. His career has been a tapestry of accomplishments across Southern and Eastern Africa, underscoring his prowess in steering growth and navigating complex financial landscapes. Holding a Bachelor of Business Studies…
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Rwandan President Paul Kagame has tapped Jean-Guy Afrika, a fellow Rwandan seasoned economist who spent over a decade at the African Development Bank, to lead the Rwanda Development Board (RDB) as the new Chief Executive Officer. RDB is a government institution, under the supervision of the Office of the President, mandated to accelerate Rwanda’s economic development by enabling private sector growth. Before his appointment as new CEO of RDB, Jean-Guy worked as the Director of the Regional Integration Coordination Office at the African Development Bank Group, with a special advisory role to the senior management on regional integration and resource…
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Nampeera’s position as a Deputy General Manager to Mr Phillipe Groueix – the General Manager, is anchored in all TotalEnergies oil activities in Uganda and is responsible for human resources and administration, contracts and procurement, national content, as well as legal and compliance. She’s also a Director at the East African Crude Oil Pipeline(EACOP) Limited with an office in London, UK. Nampeera’s experience cuts across the energy business value chain with over 30 years of experience in broad business, legal, and regulatory experience and exposure spanning four jurisdictions in East Africa, Europe, South East Asia, and Central Asia. She’s an…
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1. Discipline and Integrity: The Cornerstones of Leadership Major Katanaka’s military background underscores the importance of discipline and integrity in financial leadership. He argues that these principles are universally applicable and essential for managing finances responsibly. “In the military, discipline is our first priority. Even in this profession, discipline and integrity are key. If you have discipline and integrity and are transparent and accountable, you will succeed,” he said, emphasising the shared values between the military and finance professions. 2. Strategic Thinking: Beyond Number Crunching The role of a CFO has evolved from traditional bookkeeping to strategic oversight. Major Katanaka…
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