The Big Story

Government waives US$ 3/3.5 per kg Tax for 90% of textile goods not made in Uganda

CEO ReporterThe Big StoryAugust 30, 2021August 30, 2021

Uganda Revenue Authority (URA) has come out to clarify that there has not been 2000% tax increase on textiles and garments as earlier stated by Kampala City Traders Association (KACITA)….

Are you in agriculture and manufacturing and need affordable funding? Did you know that you can get up to UGX2 bn at 13% from PostBank?

Muhereza KyamuteteraBanking & Financial ServicesBusiness & MarketsThe Big StoryAugust 26, 2021August 26, 2021

Agriculture and manufacturing are the second and third biggest sectors in Uganda, after services, contributing 23.7% and 27.4% respectively, after services (41.5%). Regardless, when it comes to private sector credit…

EXCLUSIVE: Ecobank taps Stanbic’s Grace Muliisa as its Uganda Managing Director

Muhereza KyamuteteraBanking & Financial ServicesCompany NewsThe Big StoryWomen In LeadershipAugust 26, 2021August 26, 2021

Grace Muliisa, the former Head Personal and Business Banking at Stanbic Bank, since July 2020, has been appointed the Managing Director for Ecobank Uganda Limited, CEO East Africa Magazine can…

Dr Nataliey Bitature named among Hult International Business School’s 10 notable alumni

Muhereza KyamuteteraThe Big StoryWomen In LeadershipAugust 25, 2021August 25, 2021

Dr Nataliey Bitature, the Chief of Staff at Simba Group, has been named amongst this year’s Hult International Business School’s top 10 notable alumni. The out-of-United Kingdom Hult International Business…

BoU set to increase capital buffers for banks by 500%; Credit Institutions by 2,400% and 1,900% for MDIs

Muhereza KyamuteteraThe Big StoryAugust 24, 2021January 23, 2024

Bank of Uganda has kickstarted a process to increase capital buffers for Commercial Banks, Credit Institutions and Micro-Deposit Taking Institutions, a move it says is both timely and long overdue….

IMPACT INVESTING: Umeme braves tough Covid-19 undercurrent, invests UGX49.6 bn, connects 40,000 new customers and unlocks 11.8% electricity demand in HY 2021

Muhereza KyamuteteraCompany NewsThe Big StoryAugust 24, 2021August 24, 2021

Despite a tough 2021, marked by a sluggish economy and sticky pandemic-related logistics obstructions on one hand as well as delayed government funding for the free Electricity Connections Policy (ECP),…

Shoprite confirms Uganda Exit

CEO ReporterThe Big StoryAugust 23, 2021August 23, 2021

South Africa’s grocery retailer giant Shoprite Holdings SHPJ.J has confirmed that it is exiting Uganda and Madagascar, adding to its growing list of African departures. Shoprite is said to have been reviewing…

TAXING LOCAL RAW MATERIALS BEER: Balancing tax appetite with the need for safer alcohol, brewed in a sustainable grain-to-glass value chain

The CEO Magazine TeamNews & AnalysisThe Big StoryAugust 21, 2021August 21, 2021

Experts participating in the just-concluded Nile Breweries Economic Forum, have urged the government to maintain a delicate balance between increasing the tax burden on existing compliant taxpayers and the need…

There shall be Value for Money on the Muyembe – Nakapiripirit Road project – UNRA

CEO ReporterThe Big StoryAugust 19, 2021August 19, 2021

The Uganda National Roads Authority (UNRA) has reiterated its commitment to ensuring that the contract for upgrading the Muyembe-Nakapiripirit Road is implemented in accordance with its terms and conditions, the…

Creditors Place Biscuit Maker Britania Foods under Administration

CEO ReporterThe Big StoryAugust 19, 2021August 19, 2021

Britania Foods Limited, makers of biscuits, has been placed under administration under Peter Kahi of PKF Consulting Limited. According to reports, Britania,s troubles come from defaulting on loans worth more…