The Big Story

MTN Uganda’s Record Profits Face Uncertain Future Amid Fintech Spin-Off

Paul MurungiBanking & Financial ServicesThe Big StoryJune 24, 2025June 24, 2025

MTN in 2024 delivered yet another solid year, cementing its place as Uganda’s most profitable and actively traded listed company. With double-digit revenue growth and record earnings, the telecom giant…

No Light at the End of the Tunnel: Chaotic Umeme Exit Leaves Investors Guessing In the Dark

CEO ReporterLegal & JusticeThe Big StoryJune 24, 2025June 24, 2025

Umeme Limited, once the crown jewel of Uganda’s stock market, has left shareholders bewildered and disappointed following a turbulent 2024 marked by a record loss, an unexpected dividend freeze, regulatory…

Uganda’s Fintech Rivalry: MTN MoMo Pulls Ahead in Size, Airtel Money Scores on Margins

CEO ReporterThe Big StoryJune 24, 2025June 24, 2025

In Uganda’s fast-evolving digital financial landscape, two telecom titans—MTN MoMo and Airtel Money—are locked in a high-stakes, trillion-shilling duel. Their battlefield? Mobile money. Their weapons? Revenue, reach, profitability, and performance….

Insurance Training College: A Rare Case of a Financially Disciplined State Enterprise, But Failing on Key Mandates

CEO East Africa MagazineBanking & Financial ServicesThe Big StoryJune 24, 2025June 23, 2025

In a rare case of an efficiently managed public institution in Uganda, the Insurance Training College (ITC) emerges as an island of financial discipline in a sea of inefficient state…

Underwhelming Returns: With a Target of UGX197b, Kiira Motors Only Earned UGX2.3b in the 2023/24 Financial Year, Which is Just 1.2%

CEO East Africa MagazineBusiness & MarketsNews & AnalysisThe Big StoryJune 23, 2025June 23, 2025

In Uganda’s long journey toward industrial self-reliance, Kiira Motors Corporation (KMC) stands as a symbol of ambition: a state-owned automaker daring to challenge a global industry from the heart of…

Asset-rich, Efficiency-poor: The Dilemma that Uganda Property Holdings Finds Itself In

CEO East Africa MagazineReal Estate & ConstructionThe Big StoryJune 23, 2025June 23, 2025

If Uganda Property Holdings Limited (UPHL) were a building, it would be a grand structure – spacious, magnificent on the outside, and centrally located. But get in and you notice…

Liberty to Exit Health Insurance Business in Uganda by 2026

Paul MurungiBanking & Financial ServicesThe Big StoryJune 22, 2025June 22, 2025

Liberty Life Assurance Uganda has announced a phased withdrawal from its health insurance business in Uganda, signaling a major realignment of its business priorities in East Africa. The development follows…

Yasser K. Ahmed, the Lebanese Billionaire Behind Riham &  Biplous, Buys Lugogo Mall

CEO East Africa MagazineThe Big StoryJune 20, 2025June 21, 2025

In one of Uganda’s most recent consequential commercial real estate deals Yasser K. Ahmed—the Lebanese billionaire investor behind top Ugandan brands Riham and Biplous—has acquired the iconic Lugogo Mall, previously…

Airtel Uganda Pays UGX 50.3 billion Dividend to NSSF

Paul MurungiCompany NewsThe Big StoryJune 20, 2025June 20, 2025

Airtel Uganda, a leading provider of telecommunications and mobile money services, today presented a dividend cheque of UGX 50.3 billion to the National Social Security Fund (NSSF). This significant payout follows…

NSSF Projects UGX 3 Trillion in Income, UGX 25 Trillion in Assets at Close of Financial Year

Paul MurungiBanking & Financial ServicesThe Big StoryJune 20, 2025June 20, 2025

The National Social Security Fund (NSSF) is projecting robust performance at the close of the Financial Year 2024/25, with income expected to reach UGX 3 trillion and assets under management…