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    The Big Story

    The BIG Story

    In November 2024, President Museveni officially launched construction of the Kampala–Malaba Standard Gauge Railway, marking a major milestone in Uganda’s long-delayed efforts to modernise transport and boost regional connectivity.

    Uganda Turns to Citibank After Years of SGR Delays Over Financing

    April 16, 2026April 16, 2026 0 Shares
    Uganda’s decision to contract Citibank to mobilise funding for its Standard Gauge Railway (SGR) marks a significant turning point for a project that has faced years of delays, largely due...

    Cash Is Expensive: Could Lower Mobile Money Taxes Save Uganda Billions?

    April 15, 2026April 16, 2026 0 Shares
    Uganda is paying heavily to keep cash alive. Every year, trillions of shillings are absorbed into an economy still built around physical currency through the systems that print, transport, secure,...

    25% Profit Growth, 46% Deposit Surge, 29% Asset Expansion: Inside David Wandera’s Breakout Year at Absa Uganda

    April 15, 2026April 15, 2026 0 Shares
    When David Wandera officially stepped into the role of Managing Director of Absa Bank Uganda in May 2025, the appointment marked far more than a routine leadership transition—it signaled a...

    CMA @30: The Story of Uganda’s Capital Markets – Milestones, Growth, Challenges and the Road Ahead

    April 15, 2026April 15, 2026 0 Shares
    Josephine Okui Ossiya, Chief Executive Officer of Capital Markets Authority, reflects on three decades of market growth, highlighting regulatory innovation, investor confidence, and a vision to position capital markets at the center of Uganda’s economic transformation and future development.
    As Uganda’s capital markets mark three decades of growth, the Capital Markets Authority (CMA) stands at a pivotal moment; transitioning from building foundational structures to driving transformative impact. Since its...

    Airtel Africa CEO Sunil Taldar Targets Uganda for Increased Investment, Citing Strong Growth and Strategic Importance

    April 14, 2026April 14, 2026 0 Shares
    Airtel Africa CEO Sunil Taldar (left) and Airtel Uganda Managing Director Soumendra Sahu during a media engagement in Kampala. Taldar highlighted Uganda as a strategic priority market, noting the strong financial performance and growth delivered under Sahu’s leadership.
    Airtel Africa is setting its sights firmly on Uganda as a key investment destination, with Group CEO Sunil Taldar signalling deeper capital deployment and continued technology rollouts in what he...

    The growing influence of Sarrai Group: The company behind Kilembe Mines’ redevelopment 

    Paul MurungiBusiness & MarketsEnergy, Oil & GasThe Big StoryMarch 6, 2025March 7, 2025

    On 14 April 2022, Justice Mabeya, of the High Court in Kenya cancelled a 20-year concession that had leased Mumias Sugar assets to Sarrai Group in December 2021.  The termination…

    MTN Uganda’s Sylvia Mulinge delivers a landmark UGX641.5 bn in 2024 net profit, underpinned by all-around stakeholder value 

    Muhereza KyamuteteraCompany NewsThe Big StoryWomen In LeadershipMarch 6, 2025March 6, 2025

    MTN Uganda has recorded a landmark UGX641.5 billion in net profit for 2024, reflecting a strong financial performance and a year of sustained commercial momentum. Under the leadership of Chief…

    INTEGRITY, MINDSET, EXCELLENCE AND MENTORSHIP!  CFO of the Year, Kate Kiiza, Shares Her Story On Becoming a Holistic Finance Leader

    Muhereza KyamuteteraC-Suite LeadershipThe Big StoryWomen In LeadershipMarch 6, 2025March 6, 2025

    Iron sharpens iron, and it is all about integrity, a positive mindset, and an unwavering commitment to excellence. These are the core principles that have defined Kate Kiiza, the CFO…

    Non-life continues to dominate insurance sector, but microinsurance is rapidly growing  

    Paul MurungiBanking & Financial ServicesNews & AnalysisThe Big StoryMarch 5, 2025March 5, 2025

    Insurance gross written premiums grew by 12.04%, increasing by at least UGX 192.4 billion in the three months to December 2024.   Details contained in the Insurance Regulatory Authority (IRA) Market…

    Law Firm, ALP East Africa Announces Key Leadership Appointments in Uganda

    Muhereza KyamuteteraCompany NewsLegal & JusticeThe Big StoryMarch 5, 2025September 5, 2025

    ALP East Africa, the first fully integrated firm in East Africa, has announced key leadership appointments across its Uganda and East Africa offices, further strengthening its commitment to providing top-tier…

    The Harvest Is Always Bigger Than The Seed And 17 Other Lessons That Diana Kisaka Has Learnt In 17 Years As A Finance Professional At Uganda Revenue Authority

    Muhereza KyamuteteraC-Suite LeadershipThe Big StoryWomen In LeadershipMarch 5, 2025March 5, 2025

    In an era where professionals frequently change jobs in search of higher salaries, better working conditions, or new challenges, Kisaka is a rare example of stability. She has spent 17…

    Meet the Big Bankers Bossing the Bancassurance Sector

    Paul MurungiBanking & Financial ServicesNews & AnalysisThe Big StoryMarch 4, 2025March 4, 2025

    Beyond the conventional channels of writing insurance premiums, insurers have also built a new revenue stream of bancassurance through which they partner with banks to recruit new policyholders.  During the…

    Allegations Of Influence Peddling And Bidder Favoritism As Bank Of Uganda Cancels Multi-Billion National Payments Switch Procurement Post-Award

    CEO East Africa MagazineBusiness & MarketsNews & AnalysisThe Big StoryMarch 4, 2025March 4, 2025

    The Bank of Uganda (BoU) has come under intense scrutiny following its abrupt cancellation of the National Payments Switch (BNPS) procurement process. This move has raised significant concerns over transparency,…

    Hima Cement investor, Sarrai Group takes over Kilembe Mines with UGX 46 billion in accumulated losses 

    Paul MurungiBusiness & MarketsEnergy, Oil & GasThe Big StoryMarch 3, 2025March 3, 2025

    Hima Cement investor, Sarrai Group is set to take over and re-develop Kilembe Mines based in Kasese District after signing a new agreement with the government.  Hima Cement which is…

    Mumba Kalifungwa Takes Helm at Stanbic Bank Uganda

    Muhereza KyamuteteraCompany NewsThe Big StoryMarch 3, 2025March 3, 2025

    Stanbic Bank Uganda, the country’s largest lender by assets, revenue, and deposits, has today, March 3, 2025, officially welcomed Mumba Kenneth Kalifungwa as its new Chief Executive.  His appointment, first…

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