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April 17, 2026
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    The Big Story

    The BIG Story

    State Trade Minister Wilson Mbasu Mbadi and UDC Executive Director Patrick Birungi engage during a visit to present key UDC documents, including the UDC Strategic Plan, the UDC Act 2016, and the corporation’s profile, as part of efforts to align on its mandate and future investments. However, growing concern in Parliament has emerged over the corporation’s dominant share of trade sector funding.

    UDC Set to Take 82% of Trade Ministry Budget, Raising Concern Among MPs

    April 17, 2026April 17, 2026 0 Shares
    Members of Parliament (MPs) have raised a red flag after learning that a single entity is lined up to take the lion’s share of funding for the Ministry of Trade....
    In November 2024, President Museveni officially launched construction of the Kampala–Malaba Standard Gauge Railway, marking a major milestone in Uganda’s long-delayed efforts to modernise transport and boost regional connectivity.

    Uganda Turns to Citibank After Years of SGR Delays Over Financing

    April 16, 2026April 16, 2026 0 Shares
    Uganda’s decision to contract Citibank to mobilise funding for its Standard Gauge Railway (SGR) marks a significant turning point for a project that has faced years of delays, largely due...

    Cash Is Expensive: Could Lower Mobile Money Taxes Save Uganda Billions?

    April 15, 2026April 16, 2026 0 Shares
    Uganda is paying heavily to keep cash alive. Every year, trillions of shillings are absorbed into an economy still built around physical currency through the systems that print, transport, secure,...

    25% Profit Growth, 46% Deposit Surge, 29% Asset Expansion: Inside David Wandera’s Breakout Year at Absa Uganda

    April 15, 2026April 15, 2026 0 Shares
    David Wandera, Managing Director of Absa Bank Uganda — the first Ugandan to lead the bank in its over 90-year history — whose first full year at the helm delivered a 25% surge in profits, 46% growth in deposits, and a balance sheet that crossed the UGX 7 trillion mark, signalling a new phase of scale, discipline, and momentum.
    When David Wandera officially stepped into the role of Managing Director of Absa Bank Uganda in May 2025, the appointment marked far more than a routine leadership transition—it signaled a...

    CMA @30: The Story of Uganda’s Capital Markets – Milestones, Growth, Challenges and the Road Ahead

    April 15, 2026April 15, 2026 0 Shares
    Josephine Okui Ossiya, Chief Executive Officer of Capital Markets Authority, reflects on three decades of market growth, highlighting regulatory innovation, investor confidence, and a vision to position capital markets at the center of Uganda’s economic transformation and future development.
    As Uganda’s capital markets mark three decades of growth, the Capital Markets Authority (CMA) stands at a pivotal moment; transitioning from building foundational structures to driving transformative impact. Since its...

    PSST Ggoobi and BoU’s Dr. Atingi-Ego to headline Absa’s #AFMIndex2023 and Economic Outlook Forum 

    Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryFebruary 3, 2024February 3, 2024

    Ramathan Ggoobi, the Permanent Secretary and Secretary to the Treasury (PSST) and Dr. Michael Atingi-Ego, the Bank of Uganda Deputy Governor are headlining this year’s Africa Financial Markets Index (AFMI)…

    Women Breaking the Insurance Glass Ceiling: Ritah Mutesi Kabayiza, Executive Director, Willis Towers Watson Uganda

    Muhereza KyamuteteraExecutive ProfilesThe Big StoryWomen In LeadershipFebruary 2, 2024February 2, 2024

    While the gender gap in the insurance industry has over time narrowed to 51.78% male and 48.22% female at the end of 2022, the gap remains wide, especially at the…

    Sino-African trade: Absa Group opens office in China

    Muhereza KyamuteteraCompany NewsGlobal NewsThe Big StoryFebruary 1, 2024February 1, 2024

    Absa Group today announced its physical expansion into the People’s Republic of China with the opening of a new non-banking subsidiary in Beijing. The non-banking subsidiary is now open, with…

    The Rise and Fall of the HTC phone brand

    The CEO Magazine TeamTechnology & InnovationThe Big StoryJanuary 31, 2024January 31, 2024

    Many of us the tech nerds and everyday phone users have at least seen, touched used or ever heard of the mighty HTC. At one time, HTC overtook the present…

    I&M Bank Uganda phases out old Visa ATM cards; replaces them with Mastercard cards

    Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryJanuary 31, 2024January 31, 2024

    I&M Bank Uganda has promised to deliver the “best and most convenient banking services and experience” to its customers as it switches from the old Orient Bank-branded Visa debit cards…

    EXCLUSIVE: Opportunity Bank to downgrade license to become a Micro-finance Deposit-Taking Institution

    Muhereza KyamuteteraBusiness & MarketsNews & AnalysisThe Big StoryJanuary 29, 2024January 30, 2024

    Hardly 5 years, after being granted a tier-1 commercial banking license, Opportunity Bank is downgrading back to a Tier 2 Microfinance Deposit-taking Institution (MDI), CEO East Africa Magazine can exclusively…

    Can Edward Nambafu restore Minet’s glory days as Uganda’s No.1 insurance broker? 

    Muhereza KyamuteteraBusiness & MarketsNews & AnalysisThe Big StoryJanuary 29, 2024January 29, 2024

    In November 2022, Minet Uganda⏤ a risk, re-insurance and human capital solutions advisory company celebrated its 5th anniversary. The company has however been present for much longer, but under different…

    STAKEHOLDERS: GnuGrid CRB and Airtel’s new Mobile Credit Scoring system to herald a new dawn in digital lending and financial inclusion

    CEO East Africa MagazineThe Big StoryJanuary 29, 2024January 29, 2024

    Public and private sector stakeholders as well as development partners, in Uganda’s financial services ecosystem, have welcomed GnuGrid CRB and Airtel Mobile Commerce’s Mobile Credit Score as a significant milestone…

    Billionaires: Anand Kapoor quit his job to set up a forex bureau. Now he owns Pearl Dairies that manufactures Lato Milk

    CEO ReporterBillionairesThe Big StoryJanuary 29, 2024January 29, 2024

    Twenty seven years ago, Anand Kapoor left an MBA course in India to take up a job on a treasury and forex desk at a Ugandan bank. After 18 months…

    Ugandan Tech Firm, Service Cops Releases SchoolPay ERP⏤ A Major Upgrade to SchoolPay- the Revolutionary Educational Institutions Management Solution

    Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryJanuary 29, 2024January 29, 2024

    Service Cops, a Ugandan technology company with a presence in the Great African Lakes region has today announced major upgrades to its SchoolPay solution, introducing SchoolPay ERP. The new SchoolPay…

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