The Big Story

Meet the Vadodarias- the Father, Mother and Daughter troika, behind Rene Industries, one of Uganda’s largest pharmas

David KangyeBillionairesBusiness & MarketsThe Big StoryNovember 8, 2022November 14, 2022

The entire decade of the 90s was not any kind to Uganda in matters of health. It was the height of the HIV/AIDS scourge and the many diseases related to…

Movit’s Simpson Birungi firms up his African route-to-market agenda; hires ex-Unilever, GSK, Procter & Gamble, L’Oréal, Nestle and Godrej executives to run it

Muhereza KyamuteteraBillionairesBusiness & MarketsLists & RankingsThe Big StoryNovember 7, 2022September 28, 2024

Movit Products Limited’s Executive Chairman, Simpson Birungi, has made major people reshuffles at the personal and home care products maker, attracting some big-name hard-nosed executives, including from Unilever and Indian…

Samuel Mwogeza appointed Global CFO for VisionFund International

Muhereza KyamuteteraC-Suite LeadershipCompany NewsNews & AnalysisThe Big StoryNovember 7, 2022October 26, 2023

Samuel Fredrick Mwogeza, the former Stanbic Bank, Uganda, Executive Head for Consumer & Affluent Banking is the new VisionFund International Global CFO. VisionFund International is a global multinational, present in…

The rise and death of Uganda Telecom and the birth of the new UTCL, a new 100% state-owned telco. But has Gov’t really learnt or forgotten anything?

The CEO Magazine TeamBusiness & MarketsCompany NewsPolitics & GovermentThe Big StoryNovember 6, 2022March 23, 2023

In the period leading to the 2011 fall and subsequent death of Libyan Leader, Col Muammar Muhammad al-Gaddafi in October 2011, Uganda Telecom was a promising company. The previously state-owned…

Banks threaten to disconnect Airtel Money, as fresh details emerge about how last week’s digital fraud incident was executed

The CEO Magazine TeamThe Big StoryNovember 2, 2022November 9, 2022

Following CEO East Africa Magazine, breaking a story that fresh details have emerged on how the multi-billion digital fraud was carried out. According to a brief prepared by Airtel Uganda,…

Gov’t of Uganda seeks Parliament nod to borrow UGX3.5 trillion (USD 935 million) in one day

Muhereza KyamuteteraThe Big StoryNovember 2, 2022November 2, 2022

The Finance State Minister, Hon. Henry Musasizi on 1st November 2022 asked Members of Parliament to approve up to UGX3.5 trillion in new borrowing to finance Uganda’s 2022/23 UGX48.1 trillion…

Africa makes history in the fight against sleeping sickness

CEO ReporterNews & AnalysisThe Big StoryThought LeadershipNovember 1, 2022November 1, 2022

 By Joseph Ndung’u This spring, three African countries recognized a major milestone: Benin, Rwanda, and Uganda have each been validated by the World Health Organization (WHO) for eliminating at least one form…

EXCLUSIVE: Uganda Telecom dissolved; newly formed Gov’t owned telco buys assets at USD 81.3 million

Muhereza KyamuteteraBusiness & MarketsPolitics & GovermentThe Big StoryOctober 30, 2022April 9, 2024

Uganda Telecom, the troubled former Libyan and Ugandan governments-owned telco has been sold to a newly formed Uganda government telco at UGX316.4 billion, CEO East Africa Magazine can exclusively reveal….

Hackers break into Airtel Money systems, steal billions

Muhereza KyamuteteraBusiness & MarketsThe Big StoryOctober 29, 2022March 23, 2023

Unknown hackers, on Friday, 28th October struck Airtel Mobile Commerce Uganda Limited (AMCUL) systems making off with unspecified amount of money, said to be in billions, CEO East Africa Magazine…

UDB releases impressive Q3 results, gross loans run to UGX1.18 trillion

Nelson NambooleNews & AnalysisThe Big StoryOctober 28, 2022October 28, 2022

Uganda Development Bank Ltd (UDB), the country’s national Development Finance Institution, has released its Quarter Three (Q3) of 2022 results highlighting solid growth as the Bank continues to facilitate economic…