The Big Story

Equal Opportunities Commission boss faces prison if she skips court again

CEO ReporterThe Big StoryOctober 2, 2020October 2, 2020

The troubled head of Equal Opportunities Commission, Mrs. Sylvia Muwebwa Ntambi could end up in prison, should she skip court again. The Anti-Corruption Court, yesterday Wednesday, September 30, 2020, issued criminal…

Q&A: One year as Managing Director at Post Bank Uganda, what has Julius Kakeeto been up to?

Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryOctober 1, 2020October 1, 2020

What is the current state of business at Post Bank? Postbank Uganda (PBU) is a socially-oriented bank fully owned by the Government of Uganda.   PBU was incorporated under the companies…

Africa job Market Overwhelmed as More than 2,400 candidates apply for one vacancy

CEO ReporterThe Big StorySeptember 30, 2020September 30, 2020

ROAM Africa (Ringier One Africa Media), a digital classifieds group in Sub-Saharan Africa, has released figures that highlight the current state of the jobs market in Africa, with one standard…

NSSF declares a 10.75% interest rate for FY2019/20; Fund to pay out UGX1.14 trillion to members

CEO ReporterBanking & Financial ServicesThe Big StorySeptember 28, 2020September 28, 2020

The National Social Security Fund (NSSF) has today declared an interest rate of 10.75% for the financial year 2019/20. This was announced by the Minister of Finance, Planning and Economic…

CAUGHT IN THE ACT: It took 52 days for senior Stanbic Bank executives to register a company, secure a loan, and buy on the cheap, a loan-stressed client’s property!

CEO ReporterThe Big StorySeptember 26, 2020September 26, 2020

Myriad Investment Club Ltd, a company belonging to Stanbic Bank’s senior executives that are accused of colluding with other bank staff to buy off, very cheaply, a property of a…

1947-2020: The life and times of former Kampala Mayor Alhaj Nasser Ntege Sebaggala

Muhereza KyamuteteraThe Big StorySeptember 26, 2020September 26, 2020

Alhaj Nasser Ntege Sebaggala, the former Kampala city Mayor, popularly known as ‘Seeya’ is dead. He was 73 years old. The death has been confirmed in a tweet by his…

IRRESPONSIBLE LENDING AND INSIDER TRADING: Stanbic Bank senior executives accused of cheaply selling to themselves client’s property

Muhereza KyamuteteraThe Big StorySeptember 26, 2020September 26, 2020

A client of Stanbic Bank Limited, Macdowel Limited, has asked police to investigate circumstances under which seven senior executives of Stanbic Bank Uganda, sold to themselves a mortgaged property on…

COVID-19 hurts NSSF earnings; management warns, last year’s double-digit interest rates may not be sustained

Muhereza KyamuteteraThe Big StorySeptember 24, 2020September 24, 2020

Despite a 17 percent growth in revenues, the National Social Security Fund (NSSF) has warned, it is unlikely to pay members a double-digit interest rate due to the impact on…

PROFILES: The 10 Ugandan startups that have received USD127,492 from The Innovation Village and Mastercard Foundation’s The 97Fund

CEO ReporterCompany NewsThe Big StorySeptember 23, 2020September 24, 2020

Bringo Fresh (USD 10,000) Launched onto the Ugandan market in June, 2018 by CEO and founder Brian Matsiko, Bringo Fresh is an e-commerce platform that bridges Ugandan farmers and technology…

Dentons expands East African footprint; announces combination with one of Tanzania’s leading law firms

Muhereza KyamuteteraThe Big StorySeptember 23, 2020September 23, 2020

Dentons, the world’s largest law firm, yesterday September 22nd announced a proposed combination with what it says is one of Tanzania’s leading law firm- East African Law Chambers (EALC). The…