The Big Story

Ugandan Banks Post Record UGX 1.9 Trillion Profit as Customer Deposits Surge to UGX 41.6 Trillion-BoU Report

Paul MurungiBanking & Financial ServicesThe Big StoryOctober 13, 2025October 13, 2025

Uganda’s banking sector has cemented its recovery and resilience, posting a record UGX 1.9 trillion net profit for the year ended June 2025.  This was a nearly an increase of…

COMESA Fines Diageo USD 750,000 for Unfair Distribution Deals in Uganda, Eswatini and Zambia

Paul MurungiEast AfricaManufacturing & IndustryTechnology & InnovationThe Big StoryOctober 13, 2025October 21, 2025

The Common Market for Eastern and Southern Africa (COMESA) Competition Commission has imposed a fine of USD 750,000 on global alcoholic beverages manufacturer Diageo Plc, the majority shareholder in East…

Cheque Transactions Drop by 3.6% as BoU Pushes for More Digital Payments

Paul MurungiBanking & Financial ServicesThe Big StoryOctober 13, 2025October 21, 2025

Payments through cheques in Uganda’s financial eco-system continues to decline as Bank of Uganda (BoU) intensifies efforts to promote digital and electronic payments. Latest data from the central bank shows…

BoU Report: Cash Still Rules, but Digital Payments Are Catching Up

Paul MurungiThe Big StoryOctober 13, 2025October 21, 2025

Despite the steady rise of mobile money, fintechs, and online banking, cash continues to dominate Uganda’s payment landscape.  Bank of Uganda (BoU), in its latest currency and payment systems report,…

Global Industrialists, The Billionaire Oswal Family, Demand Justice After Legal Ordeal In Uganda

Muhereza KyamuteteraThe Big StoryOctober 10, 2025October 17, 2025

The billionaire Oswal family, long regarded as global investors with deep ties to Uganda, has vowed to pursue every legal avenue after enduring what they describe as an “unprecedented miscarriage…

UGX88.1 billion Remains Unclaimed at BoU in Dormant Mobile Money Accounts

CEO East Africa MagazineThe Big StoryOctober 10, 2025October 17, 2025

At least UGX 88.1 billion remains unclaimed in closed mobile money and other e-money accounts, a Bank of Uganda report shows. The money, which is currently held Bank of Uganda…

Preaching Water, Drinking Wine: Bank of Uganda’s Nearly Interest-Free Long-Term Staff Loans Raise Eyebrows

CEO ReporterBanking & Financial ServicesThe Big StoryOctober 10, 2025October 17, 2025

As the rest of Uganda chokes on expensive credit, with commercial bank lending rates hovering between 18 and 20 percent, staff at the Bank of Uganda (BoU) are enjoying the…

Financing Uganda’s 10x Dream: Tax Squeeze, Rising Disputes, and Tax Appeals Tribunal Under Pressure

CEO East Africa MagazineThe Big StoryOctober 10, 2025October 16, 2025

By CEO East Africa Magazine Team Uganda’s ambition is bold: to grow its economy tenfold, moving millions out of poverty and cementing its place among Africa’s rising stars. The 2025/26…

Mobile Money Loans Driving Financial Inclusion, but Rising Default Risks: BoU Wants Banks to Tighten Borrower Assessment and Monitoring

CEO East Africa MagazineThe Big StoryOctober 10, 2025October 17, 2025

The rapid growth of digital and mobile lending is transforming Uganda’s financial landscape. It is expanding access to credit for millions who were previously excluded from the formal banking system….

Who is Lady Justice Aisha Naluzze Batala, the Newly Appointed IGG?

Paul MurungiExecutive ProfilesThe Big StoryOctober 7, 2025October 17, 2025

President Yoweri Kaguta Museveni has appointed Lady Justice Aisha Naluzze Batala as the new Inspector General of Government (IGG), replacing Beti Kamya whose four-year tenure has come to an end….