South Africa’s Nedbank Group has unveiled plans to acquire approximately 66% of the issued ordinary share capital of Kenya’s NCBA Group. The move is set to hand the Johannesburg-listed lender…
Uganda’s two largest mobile network operators, Airtel Uganda and MTN Uganda, are estimated to have lost between UGX 22.8 billion and UGX 24 billion in data revenues following the four-day…
Frank Molla, Managing Director for Africa at payments giant MDP, is a strong believer that books are quiet mentors and companions that steer leaders toward depth, courage, and beautifully human…
East African Breweries Plc (EABL) has announced the resignation of its Chief Financial Officer and Executive Director, Risper Ohaga, marking a significant leadership transition at the regional brewing giant at…
The National Social Security Fund (NSSF) has appointed Kenneth Owera as its substantive Chief Investment Officer (CIO). He will steward the Fund’s UGX28 trillion investment portfolio with the target of...
From abandoned clients to drained colleagues and soaring recruitment bills, the cost of talent loss runs deeper than most CEOs admit. In Uganda’s tight talent market, HR experts unpack why staff walk, where churn bites hardest, and what leaders must do to stem the silent bleed. Employee turnover isn’t just an empty desk—it’s cash out the door, strategy on pause, and momentum lost. Every resignation triggers recruitment and training costs, slows delivery, and drains institutional knowledge. The heaviest blow is often silent: clients feeling abandoned and colleagues carrying extra weight. Many CEOs obsess over revenue and expansion, yet rarely measure…
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The private sector entered August on a cautious but hopeful note. Two major business surveys show that while the economy remains on a growth path, financial strain and weak present conditions are dampening sentiment. The Bank of Uganda’s Business Tendency Indicators (BTI) pointed to declining confidence in current conditions. But firms expressed soaring optimism for the coming months. Meanwhile, the Stanbic Bank Purchasing Managers’ Index reported steady expansion. It highlights resilience in output, hiring, and new orders despite inflationary pressures. Confidence slips in the present, but expectations rise Bank of Uganda’s BTI shows that overall business confidence stood at 57.2…
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A leaked internal letter from Uganda Airlines has exposed a bitter dispute with Wavah Water, one of the carrier’s inflight suppliers, over alleged contamination of bottled water served to passengers. The correspondence, signed by Dominic Mascarenhas, Manager for Inflight Product and Catering, documented how a sealed 1.5-litre Wavah Water bottle was found with a dead cockroach trapped inside its cap during a routine flight service. According to an internal letter dated August 21, 2025, and addressed to Ms. Charlotte Mayanja Kakooza, Sales and Client Relations Manager at Wavah Water, Dominic Mascarenhas, Uganda Airlines’ Manager for Inflight Product and Catering, reported that a…
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On September 4, 2025, Justice Susan Odongo of the Commercial Court Division of the High Court in Kampala ruled against an application by the Baitwa brothers and their company to set aside a garnishee order. The order froze accounts of Three Ways Shipping Services (Group) in Stanbic and Standard Chartered, clearing the path for recovery of a $126,000 debt owed to Kenyan firm Transpares. The Baitwa brothers, Geoffrey Baitwa Bihamaiso and Oscar Rolands Baitwa Businge, had argued that they and their Ugandan group company were distinct from the Kenyan subsidiary that incurred the debt. But Justice Odongo dismissed this defence,…
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In 2019, three Ugandan entrepreneurs — Geoffrey Donnels Oketayot, Ronald Onzia, and George Arthur Ssamula — set out to disrupt the telecom tower industry by founding Ubuntu Towers Uganda Ltd….
Following a brazen system breach that manipulated the agency banking platform to leading it to make double transactions to bank agents requesting float, CEO East Africa Magazine understands the system…
Now, in a defining moment, the institution is ushering in a new chapter by rebranding to Pearl Bank Uganda Limited—a transformation anchored in its five-year strategic plan and its enduring purpose: Fostering Prosperity for Ugandans. The new identity embodies more than a name change; it represents the Bank’s evolution into a digitally progressive, inclusive, and nationally grounded financial institution. As Doreen Muhangazi explains, Pearl Bank is both a tribute to Uganda’s legacy as the Pearl of Africa and a promise—that every Ugandan, wherever they are, can be part of building a nation where prosperity is a shared purpose, not a…
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After a year in legal limbo, Uganda’s Competition Act has finally come to life. The Competition Regulations, 2025, are now in force, setting the stage for active enforcement of antitrust…
After a two-year probe, COMESA’s Competition Commission has forced Uber to rewrite parts of its rider contract. The Commission says the parts of the contracts mislead and unfairly tilt risk to customers. At the heart of the case was a basic question: should a global platform be free to set terms that weaken local consumer protections? The Commission decided the answer was no. It closed the investigation after Uber agreed to amend its Terms & Conditions. The changes now bar the company from routing disputes in Kenya and Uganda through Dutch law, clarify when prices can change mid-journey, and limit…
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The completion of Canal+’s takeover of MultiChoice Group has ushered in one of the most dramatic leadership transitions Africa’s broadcasting industry has seen in decades. At the centre of this transformation are three pivotal appointments: David Mignot as Chief Executive Officer of MultiChoice, Nicolas Dandoy as Chief Financial Officer, and Calvo Mawela as Chair of Canal+ Africa. Mignot, a seasoned Canal+ executive with a deep understanding of emerging markets, assumes responsibility for steering MultiChoice into a new phase of integration with Canal+’s global strategy. His career trajectory illustrates both breadth and depth in telecommunications and media. A telecom engineer and…
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