The Big Story

World Bank approves UGX1.1 trillion loan to Uganda for COVID-19 economic recovery

Muhereza KyamuteteraThe Big StoryJuly 1, 2020July 1, 2020

The World Bank Board of Directors, yesterday, June 29th 2020 approved a $300 million (UGX1.1 trillion) budget support loan request by Uganda to boost the “Government’s capacity to prevent, detect…

DEAL OF THE WEEK: Umeme unveils UGX310 bn investment plan to switch on more Ugandans and stabilise the distribution network

Muhereza KyamuteteraThe Big StoryJune 30, 2020June 30, 2020

Following approval from the Electricity Regulatory Authority (ERA) Umeme Limited, Uganda’s largest power distributor, has revealed that it is this year investing USD83.3 million (Shs 310 billion) investment plan to…

ROGUE REGULATOR? A timeline of how BoU asset-stripped, took over and illegally sold Crane Bank but is now being choked by the long arm of the law

theceomaThe Big StoryJune 26, 2020June 26, 2020

2015: For much of 2015, interest rates rose sharply, opening the year at an average 21.69% and by February 2016, had reached a 4-year high of 25.22%. This was partly…

BREAKING: Stanbic Bank nominates Emma Mugisha for Executive Director role

Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryJune 26, 2020June 26, 2020

Stanbic Bank, Uganda’s largest bank, by assets, lending, deposits and profit, has picked Emma Mugisha as its Executive Director, a credible source at the bank confirms. However, her ascension to…

How Sudhir Defeated BoU to Retain Crane Bank Branches

URNThe Big StoryJune 25, 2020June 25, 2020

City Mogul, Sudhir Ruparelia of the Ruparelia Group is in up mood having defeated Bank of Uganda’s attempt to take over properties formerly housing the defunct Crane Bank. Sudhir has…

OPINION: Resilience and import substitution key to Post-COVID-19 recovery

Alvin MbuguaThe Big StoryThought LeadershipJune 25, 2020June 25, 2020

In all my life, I have always been a pragmatist and a believer. I believe in the silver linings in every dark cloud. I believe in the fact that when…

Uganda’s export earnings shrink by UGX 400 Billion- BoU report

CEO East Africa MagazineThe Big StoryJune 23, 2020June 24, 2020

By Rhyman Agaba Within a period of just 1 month between March and April, Uganda’s export income dropped by UGX 400 Billion as the negative effects of the Covid-19 pandemic…

BoU loses Court of Appeal UGX397bn case against Dr. Sudhir; could face lawsuit of up to UGX600 billion

Muhereza KyamuteteraThe Big StoryJune 23, 2020June 23, 2020

Court of Appeal Justices, Alphonse Owiny Dollo; Cheborion Barishaki and Stephen Musota have today agreed with earlier ruling by Commercial Court Judge, Hon Mr. Justice David K. Wangutusi’s August 26th…

MONEY, PEOPLE & POWER: The 10 bank CEOs that control 80% of Uganda’s banking sector

Jeff WintersBanking & Financial ServicesThe Big StoryJune 22, 2020June 29, 2020

#1. Anne Juuko Chief Executive, Stanbic Bank Period in Charge: 4 months 2019 Asset Value: UGX6.6 trillion Market Share: 20.2 per cent Industry Rank: 1 Stanbic Bank has maintained the…

INTERVIEW: Uganda has trusted us and we want to remain a trustworthy partner; it’s the right thing and the right time — MTN’s Wim

Muhereza KyamuteteraTechnology & InnovationThe Big StoryJune 22, 2020June 22, 2020

It is now 4 years since you assumed the leadership of MTN Uganda. What would you say have been the key highlights in these four years- your key achievements? Indeed…