The Big Story

With back-to-back court losses, how panicky BoU officials stampeded a reluctant Mutebile to move Crane Bank into liquidation

Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryNovember 16, 2020November 16, 2020

Prior to 2017 and for a long time, everyone knew Bank of Uganda Governor, Prof. Emmanuel Tumusiime Mutebile as a no-nonsense man. The tough-talking Mutebile, together with her iron-lady Executive…

DON WANYAMA: Insisting on Covid-19 super-spreader rallies is irresponsible; NRM supporters should shun them

Don WanyamaThe Big StoryNovember 15, 2020November 15, 2020

In June this year, then Democratic Party presidential candidate Joe Biden announced that he would not hold rallies because of the rising Covid-19 cases in the USA. At that time,…

BoU’s purported liquidation of Crane Bank illegal- financial lawyers speak out

Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryNovember 14, 2020November 14, 2020

Attempts by Bank of Uganda to liquidate Crane Bank are illegal and could cost taxpayers more money, should it go ahead, several lawyers that CEO East Africa magazine has spoken…

Equal Opportunities Commission chief faces interdiction as Ministry writes to Solicitor General over her sacking

CEO ReporterThe Big StoryNovember 11, 2020November 11, 2020

The Permanent Secretary, Ministry of Gender, Labour and Social Development (MoGSLD), Aggrey David Kibenge has written to the Solicitor General, seeking advice on the interdiction of troubled Equal Opportunities Commission Chairperson (EOC),…

Without a doubt, Uganda is on a steady path towards creating lasting value, as we journey to first oil– Petroleum Authority of Uganda’s Ernest Rubondo

Muhereza KyamuteteraCEO PerspectivesThe Big StoryNovember 11, 2020November 11, 2020

First, for the uninitiated, what exactly is the role of the Petroleum Authority of Uganda? What does regulating and monitoring the petroleum sector to create lasting value entail? How exactly…

Q&A: The Petroleum Authority of Uganda’s job is to ensure Uganda’s oil is a driver for social-economic transformation― Dr Jane Nambakire Mulemwa, Board Chairperson

Muhereza KyamuteteraThe Big StoryNovember 9, 2020November 9, 2020

Congratulations upon being reappointed by His Excellency for a second term. From a Board perspective, how would you summarise the PAU’s journey in its first five years?   I must…

Umeme welcomes gov’t move to allow privately funded power connections; says move will ease pressure on 240,000 queued applications

Muhereza KyamuteteraCompany NewsThe Big StoryNovember 8, 2020November 10, 2020

Umeme Limited, Uganda’s largest distributor of electricity has welcomed government’s move to allow customers who can afford to, to pay for their connections as the impasse around the Electricity Connections…

President Museveni congratulates US’ President-elect Biden; makes case for trade

Muhereza KyamuteteraThe Big StoryNovember 8, 2020November 8, 2020

Uganda’s President Yoweri Kaguta Museveni has joined several other world leaders, to congratulate US’ President-elect Joseph R. Biden Jr. Running under the Democratic Party ticket, Mr. Biden together with Vice…

Presidential Nominations: What we expected and what we didn’t

CEO ReporterThe Big StoryNovember 4, 2020November 4, 2020

By the end of yesterday, 11 presidential hopefuls were nominated (among them three army generals), paving way for them to contest in next year’s general elections. The unexpected: When it…

NSSF wins UGX43 billion tax case against Uganda Revenue Authority

Muhereza KyamuteteraThe Big StoryNovember 3, 2020November 3, 2020

Commercial Court Judge, Justice Boniface Wamala has dismissed a UGX42.7 billion tax case against the National Social Security Fund (NSSF). This followed NSSF’s appeal of a 27th March 2020 ruling…