The Big Story

Govt Seeks Approval of UGX422 Billion Supplementary for Phased Purchase of 10 Uganda Airlines Aircraft

CEO East Africa MagazineThe Big StoryDecember 1, 2025December 1, 2025

Government has tabled a UGX1.696 trillion supplementary budget request before Parliament’s Budget Committee, with UGX422.264 billion earmarked as an initial payment for the purchase of 10 aircraft for Uganda Airlines….

Despite a UGX 25 Billion Government Lifeline, Don Wanyama’s Vision Group Remains Deeply Troubled

CEO East Africa MagazineThe Big StoryDecember 1, 2025December 1, 2025

Despite a UGX25 billion shot in the wallet by government, Vision Group, the state majority-owned media house (government owns 53.3%), is still fishing in troubled waters, the just-published Annual Report…

Q&A: As Debt Surges, Equity Group’s Mwangi Says It’s Time for African Governments to Hand Development Projects to Private Sector

Paul MurungiBanking & Financial ServicesThe Big StoryDecember 1, 2025December 1, 2025

In a sweeping call for economic recalibration across the continent, Equity Group Managing Director and CEO, Dr. James Mwangi, has urged African governments to “let the private sector take on…

East Africa has great potential; we will invest more, says Paul  Hanratty, Sanlam Group CEO 

Paul MurungiBanking & Financial ServicesThe Big StoryDecember 1, 2025December 1, 2025

The B20 Summit places productivity and resilience at the heart of Africa’s economic future.  Which structural weaknesses in Africa concern you most, and how is Sanlam positioning itself to strengthen…

Serena Hotels Operator Issues Profit Warning After Half-Year Loss of KShs 16 Million (UGX 448 million)

Paul MurungiThe Big StoryNovember 30, 2025December 1, 2025

TPS Eastern Africa PLC, the operator of Serena Hotels, has issued a profit warning for the financial year ending 31 December 2025 after slipping into a half-year loss, marking a…

TotalEnergies Spends UGX 4.6 Billion to Drill a Single Oil Well in Uganda—But Kingfisher’s Deeper Wells Push Costs Higher

Paul MurungiThe Big StoryNovember 29, 2025November 29, 2025

In Uganda’s Tilenga oil fields, where the low rumble of drilling rigs never stops, every passing hour of operation carries a price tag measured in tens of thousands of dollars. …

Jubilee Holdings Restructures Uganda Operations After IRA Approves Amalgamation of Health and Life Insurance Units

Paul MurungiBanking & Financial ServicesThe Big StoryNovember 28, 2025November 28, 2025

Jubilee Holdings Limited has announced a major restructuring of its Ugandan operations following the approval of the Insurance Regulatory Authority of Uganda (IRA) to amalgamate its two subsidiaries—Jubilee Health Insurance…

What Must Happen for Africa’s Economic Breakthrough? Absa Group CEO Kenny Fihla Has a Powerful Answer

Paul MurungiBanking & Financial ServicesThe Big StoryNovember 28, 2025November 28, 2025

When Kenny Fihla walked onto the stage at the B20 Summit in Johannesburg, there was a sense that the room was bracing for more than a corporate address.  As the…

Insurance Is Central — Not Optional — to Africa’s Economic Future, and the Continent Must Invest Now, Not Later, Says Santam CEO Madzinga

Paul MurungiBanking & Financial ServicesThe Big StoryNovember 28, 2025November 28, 2025

When Tavaziva Madzinga, Group CEO of Santam, took the stage at the B20 Summit in South Africa, he did not speak like a man representing a single industry.  He spoke…

Absa Group Bets Big on East Africa: Yasmin Masithela Reveals the Scale, Digital Ambition, and Regional Push Behind the StanChart Uganda Deal 

Paul MurungiBanking & Financial ServicesThe Big StoryNovember 28, 2025November 28, 2025

Let’s start off with why Absa Group is involved in this B20 summit.  When we decided to participate in B20, it was largely because we’re a pan-African bank, and this…