The Big Story

Stanbic Uganda Shareholders to Receive UGX 360bn After 10 Years of Rapid Dividend Growth

Paul MurungiBanking & Financial ServicesThe Big StoryMarch 23, 2026March 23, 2026

Stanbic Uganda Holdings Limited has reported a strong set of financial results for the year ended 31 December 2025, with shareholders set to receive UGX 360 billion in dividends. Stanbic…

Stanbic Bank CEO Mumba Kalifungwa Delivers UGX 591 billion Profit in First Year

Paul MurungiThe Big StoryMarch 23, 2026March 23, 2026

Kenneth Mumba Kalifungwa’s first year as Chief Executive of Stanbic Bank Uganda delivered a strong profit performance. However, beneath the headline numbers lies a more nuanced story of growth, rising…

6 Ugandans Arrested in Connection to USD 3.4 Mn Equity Bank Rwanda Digital Heist

CEO East Africa MagazineBanking & Financial ServicesThe Big StoryMarch 22, 2026March 22, 2026

Six Ugandans have been arrested and are set to be arraigned in court on March 23, 2026 in connection with a cross-border digital fraud scheme targeting Equity Bank Rwanda, marking…

Why April–June is Known as the Transfer Window in Uganda’s Banking Industry

Muhereza KyamuteteraThe Big StoryMarch 22, 2026March 22, 2026

Every year, almost like clockwork, a quiet but consequential shift begins to take shape across the banking sector. It is neither announced nor formally recognized, yet it is deeply understood…

Ruparelia Group Wins Key Entebbe Land Case, Clearing Path for the New Mega Speke Resort and Convention Centre, Entebbe

Muhereza KyamuteteraThe Big StoryMarch 19, 2026March 19, 2026

The High Court of Uganda has delivered a decisive ruling in a long-running land dispute in Kongero, Wakiso District, handing Ruparelia Group’s Speke Hotel 1996 Limited a major legal victory…

World Bank bans PwC Africa, Rwanda and Kenya affiliates from Bank Group-financed projects over fraudulent practices

Paul MurungiBanking & Financial ServicesBusiness & MarketsThe Big StoryMarch 18, 2026March 18, 2026

The World Bank Group has debarred three PricewaterhouseCoopers (PwC) entities in Africa for 21 months over their involvement in collusive and fraudulent practices linked to a major regional energy project…

Equity Group Posts Record 55% Surge in Profit to KSh75.5b: Uganda Bounces Back With 500% Growth in Net Profit – A Defining First Year for MD Gift Shoko

Muhereza KyamuteteraThe Big StoryMarch 18, 2026March 18, 2026

Equity Group Holdings has delivered one of the most remarkable financial performances in East Africa’s banking history, posting a 55% surge in profit after tax to KSh75.5 billion in FY2025,…

After Success, Then What? Francis Kamulegeya on His Aptly Titled New Book and Life Beyond Big Titles and Offices

Muhereza KyamuteteraThe Big StoryMarch 18, 2026March 18, 2026

Since stepping away from corporate leadership, Kamulegeya has devoted his time to writing, mentoring young professionals, supporting social impact initiatives, and contributing to conversations on leadership and life transitions. These…

Serigne Dioum: Powering a $500 Billion Fintech Engine at the Heart of Africa’s Digital Economy

Muhereza KyamuteteraBusiness & MarketsTechnology & InnovationThe Big StoryMarch 18, 2026March 18, 2026

Writing on his LinkedIn page on 17th March, Serigne Dioum, the Group CEO, MTN Group Fintech, reflected on MTN’s FY2025 performance, where the numbers told a story few platforms on…

EADB Defends Auction of Nairobi Property in USD 9.1 Million Loan Dispute With Kenyan Borrower

Paul MurungiThe Big StoryMarch 17, 2026March 17, 2026

The East African Development Bank (EADB) has issued a detailed statement defending its decision to auction a Nairobi property belonging to Kenyan borrower Dari Limited, saying the sale followed years…