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...
Airtel Africa today has launched, Nxtra by Airtel (“Nxtra”), a new data centre business founded on what the telco says is a “commitment to meet the continent’s growing needs for trusted, and sustainable data centre capacity and to serve the fast-growing African digital economy”. In a media statement, Airtel Africa said, “Nxtra aims to build one of the largest network of data centres in Africa with high-capacity data centres in major cities located strategically across Airtel Africa’s footprint, complementing its existing edge sites”. “Nxtra’s ambition will allow it to serve the growing need of African enterprises and its data centre…
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Ronald Makata has been named new Chief Finance and Value Management Officer for Stanbic Bank Uganda replacing Abraham Ongenge who has since moved to Stanbic Bank Kenya as the Executive Head for Personal and Private Banking. Makata joined Stanbic Bank in 2013 as Manager, Financial Reporting before progressing to serve in several senior roles including as Financial Controller; Head of Banking under Client Solutions and most recently, as Head, Treasury and Capital Management. He is credited for leading and managing several key assignments that have transformed the bank including embedding strong financial controls across Africa, business transformation projects, client simplification…
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It has been announced that your time at Nation Media Group comes to an end at the end of December 2023. It has been quite a run. Do recap for us your time at Monitor Publications Limited. It’s been a significant journey in terms of what Monitor Publications was, and what Monitor Publications is, now. When I took over, we had just had a terrible year⏤2014. I think that was the worst year in many years. So from March 2015 when I joined, it was, really just about consolidating, putting systems in place, and focusing on the small things. The…
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Josephine Okui Okwakol Ossiya CPA, FCCA, MBA, has been appointed as the next Chief Executive Officer of Uganda’s Capital Markets Authority (CMA). She replaces Keith Kalyegira who has been the CMA Chief Executive since December 2013 and his two-term office has elapsed. Established in 1996 under the Capital Markets Authority Act (Cap 84), the CMA promotes, develops and regulates Uganda’s capital markets industry. One of Uganda’s most respected and trusted finance professionals and business leaders, Josephine Ossiya brings to CMA a 27-year finance career and a wealth of management, finance and accounting as well as project management skills. As a…
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Tell us about yourself and your career summary- especially the Bugembe that we don’t already know. The normal Andrew, not the MTN Andrew is a happily married man with two boys. I am an Arsenal F.C. supporter, so you know what that means with resilience. Am a Formula 1 Team Mercedes fan and recently during COVID, also picked up on golf. Career-wise, I just made 25 years at MTN, I joined MTN Uganda in 1998, at the time they were opening. It has been a great opportunity working in the telco industry, for the biggest telco on the continent and…
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When Vimal Shah and his older brother took their ambitious idea for manufacturing consumer goods to potential backers in 1985, they could not get a loan. “Unilever will kill you,” one banker told them. Since then Unilever has sold several brands to them; and international rich lists put them top of the charts – most recently at $1.7bn – in Kenya , where they have built their business. They aim to be market leader in household products such as detergents, soaps and cooking oils across Africa by 2030. “That’s something that’s stuck in my hard disk,” Shah, 63, told the…
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NCBA Tanzania, the banking subsidiary of NCBA Group, has released its third-quarter financial report for 2023, showing remarkable growth in a series of bank fundamentals. In results released this week, the bank reported that in the 3 months from June 2023, operating income grew by 145% from a loss of TZS8.4 billion in Q2 2023 to a positive of TZS3.8 billion in September 2023. After-tax Income also improved by 152.4% from a loss of TZS9.6 billion to a profit of TZS5 billion. This was fuelled by a 16.3% growth in net lending, from TZS237.1 billion to TZS275.7 billion. And a…
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Behind Ruth Zaipuna’s calm demeanor lies a lady who is a fighter and strong willed strategist. Since becoming CEO of the NMB Bank in Tanzania in 2020, she has transformed it into a financial behemoth at home and in the region. As the CEO, Zaipuna leads a team of over 3,600 employees dedicated to advancing Tanzania’s Social Economic Development Agenda by making financial lives better for people, companies of every size, and institutional investors across Tanzania. NMB Bank is Tanzania’s most profitable lender and has won Tanzania’s bank of the year award ten times.NMB Bank is the only Tanzanian bank…
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First, tell us about the Centenary Foundation. What is it about and what does it stand for? The Centenary Foundation is one of the subsidiaries of the Centenary Group. It is the social development and sustainability arm of the Centenary Group. The Foundation is also the special purpose vehicle through which the Group ensures that social economic impact in the communities is realised, to complement the value-based business results. Centenary Foundation’s vision is a ‘safe and sustainable world where all citizens live a healthy, fulfilled life of self-reliance in dignity’. To achieve this ambition, the Foundation empowers men, women,…
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Kariuki Ngari usually refers to himself as a village boy at heart. Born and raised on the slopes of Mt. Kenya, he has risen to become a global citizen, leading Kenya’s largest international bank, Standard Chartered Bank (SCB). Kariuki was born to a teacher and a homemaker, the only boy amongst seven sisters. His father imbued him with humility. “In our household, there was always equality in education and in the allocation of chores,” Ngari once stated in an interview. Ngari would later leave the village to pursue high school education in Nairobi School nicknamed “Patch”, where he continued to…
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