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    The Big Story

    The BIG Story

    Equity Bank Rwanda headquarters in Kigali and Managing Director Hannington Namara. Authorities in Uganda have arrested six suspects linked to a cross-border digital fraud targeting the bank, as investigations into the multi-million-dollar heist continue.

    6 Ugandans Arrested in Connection to USD 3.4 Mn Equity Bank Rwanda Digital Heist

    March 22, 2026March 22, 2026 0 Shares
    Six Ugandans have been arrested and are set to be arraigned in court on March 23, 2026 in connection with a cross-border digital fraud scheme targeting Equity Bank Rwanda, marking...

    Why April–June is Known as the Transfer Window in Uganda’s Banking Industry

    March 22, 2026March 22, 2026 0 Shares
    Every year, almost like clockwork, a quiet but consequential shift begins to take shape across the banking sector. It is neither announced nor formally recognized, yet it is deeply understood...

    Ruparelia Group Wins Key Entebbe Land Case, Clearing Path for the New Mega Speke Resort and Convention Centre, Entebbe

    March 19, 2026March 19, 2026 0 Shares
    The High Court of Uganda has delivered a decisive ruling in a long-running land dispute in Kongero, Wakiso District, handing Ruparelia Group’s Speke Hotel 1996 Limited a major legal victory...

    World Bank bans PwC Africa, Rwanda and Kenya affiliates from Bank Group-financed projects over fraudulent practices

    March 18, 2026March 18, 2026 0 Shares
    The World Bank Group has debarred three PricewaterhouseCoopers (PwC) entities in Africa for 21 months over their involvement in collusive and fraudulent practices linked to a major regional energy project...

    Equity Group Posts Record 55% Surge in Profit to KSh75.5b: Uganda Bounces Back With 500% Growth in Net Profit – A Defining First Year for MD Gift Shoko

    March 18, 2026March 18, 2026 0 Shares
    From L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Chairman, Prof Isaac Macharia, Group Managing Director and CEO, Dr James Mwangi, and Equity Bank Uganda Managing Director, Gift Shoko, during the 2025 Investor Briefing event.
    Equity Group Holdings has delivered one of the most remarkable financial performances in East Africa’s banking history, posting a 55% surge in profit after tax to KSh75.5 billion in FY2025,...

    How Governments Shut Down the Internet — and the Price Economies Pay

    Paul MurungiThe Big StoryJanuary 8, 2026January 8, 2026

    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…

    Consolidation is a Game-Changer: Uganda’s Insurance Regulator on Building a Resilient Ugandan Insurance Sector 

    Paul MurungiThe Big StoryJanuary 7, 2026January 8, 2026

    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 to Pay $15,000 Visa Bond for U.S Travel Starting January 2026

    Paul MurungiGlobal NewsThe Big StoryJanuary 7, 2026January 7, 2026

    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…

    Court Sends Arena Mall Case — in Which Kampala Lawyer Charles Odere Claims UGX 1.44 billion — to Arbitration

    Muhereza Kyamutetera and Paul MurungiLegal & JusticeThe Big StoryJanuary 6, 2026January 8, 2026

    The Commercial Division of the High Court of Uganda has dismissed a USD 400,000 shareholder loan recovery suit filed by businessman and lawyer Charles Odere, ruling that the matter must…

    QCIL facilities, leadership, and scientists working to produce affordable, high-quality medicines in Uganda — showcasing locally manufactured lifesaving treatments, modern laboratories, reliable supply chains, and the growth of Africa’s pharmaceutical capacity.

    When Luck Meets Preparedness: The Hitherto Behind-the-Scenes Untold Story Of The Founding Of Qcil- One Of Africa’s Largest Pharmas

    Muhereza KyamuteteraEntrepreneurshipThe Big StoryJanuary 6, 2026January 10, 2026

    But he was never born with a silver spoon in his mouth.   By the time the young Emmanuel first saw an electric light bulb, he was already old enough…

    Banks are lending more freely for now, but election uncertainty and rising credit risks are prompting lenders to prepare for tighter, more selective lending conditions as 2026 approaches.

    Banks Ease Lending Now but Prepare to Tighten as Election Risks Rise

    CEO East Africa MagazineThe Big StoryJanuary 6, 2026January 6, 2026

    Banks are lending more freely for now, but are preparing to tighten the taps as election uncertainty builds, and borrowers show signs of strain. Lending conditions in the quarter ending…

    Nile Breweries Completes Overhaul of Sales and Marketing Leadership After a Major UGX 9 Billion Fraud Scandal

    Muhereza KyamuteteraCompany NewsThe Big StoryJanuary 5, 2026January 5, 2026

    Following a reputational and financially bruising fraud scandal — in which the brewer estimates to have lost about UGX 9 billion — and the subsequent exit of its Heads of…

    Kampala Associated Advocates Lands Mega Deal to Represent Stanbic in UGX117.8 Billion Tax Dispute Against URA

    Muhereza KyamuteteraCompany NewsThe Big StoryJanuary 4, 2026February 24, 2026

    Kampala Associated Advocates (KAA) has been tapped to represent Stanbic Bank Uganda and its parent, Stanbic Uganda Holdings Limited, in one of the largest transfer-pricing disputes to reach the Tax…

    Inside the UGX117.8 Billion Stanbic vs URA Transfer Pricing Tax Dispute

    Muhereza KyamuteteraThe Big StoryJanuary 4, 2026January 4, 2026

    Stanbic Bank Uganda and its parent holding company, Stanbic Uganda Holdings Limited (SUHL), are battling a sweeping transfer-pricing assessment by the Uganda Revenue Authority (URA), now before the Tax Appeals…

    EXCLUSIVE: AB InBev Appoints Nkanyiso Mncwabe as New Managing Director of Uganda’s Nile Breweries 

    Muhereza KyamuteteraThe Big StoryJanuary 4, 2026January 4, 2026

    Nile Breweries Limited, the Ugandan entity of AB InBev, is set to welcome a new Managing Director, Nkanyiso Mncwabe, to replace Adu Rando, who late last year got promoted to…

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