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    The Big Story

    The BIG Story

    State Trade Minister Wilson Mbasu Mbadi and UDC Executive Director Patrick Birungi engage during a visit to present key UDC documents, including the UDC Strategic Plan, the UDC Act 2016, and the corporation’s profile, as part of efforts to align on its mandate and future investments. However, growing concern in Parliament has emerged over the corporation’s dominant share of trade sector funding.

    UDC Set to Take 82% of Trade Ministry Budget, Raising Concern Among MPs

    April 17, 2026April 17, 2026 0 Shares
    Members of Parliament (MPs) have raised a red flag after learning that a single entity is lined up to take the lion’s share of funding for the Ministry of Trade....
    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
    David Wandera, Managing Director of Absa Bank Uganda — the first Ugandan to lead the bank in its over 90-year history — whose first full year at the helm delivered a 25% surge in profits, 46% growth in deposits, and a balance sheet that crossed the UGX 7 trillion mark, signalling a new phase of scale, discipline, and momentum.
    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...

    Finally, BoU Has A Fully Constituted Board: But Who Is Who On One Of The Most Powerful Boards In The Country? 

    Muhereza KyamuteteraBanking & Financial ServicesEast AfricaExecutive ProfilesThe Big StoryFebruary 21, 2025February 22, 2025

    In fact, it will be the first time the Central Bank has had a chairman in more than 36 months since Emmanuel Tumusiime Mutebile’s death on January 23, 2022.  The…

    UCC asks UNBS to probe entry of devices illegally streaming MultiChoice and other pay TV content 

    Paul MurungiBusiness & MarketsGlobal NewsNews & AnalysisTechnology & InnovationThe Big StoryFebruary 20, 2025February 20, 2025

    Uganda Communications Commission (UCC) has asked the standards agency to investigate the illegal importation of streaming devices that are being used on the local market to reproduce content that is…

    Airtel Uganda reports UGX 317 billion in net profit as voice and data revenues grow 

    Paul MurungiBanking & Financial ServicesEast AfricaNews & AnalysisThe Big StoryFebruary 20, 2025February 20, 2025

    Airtel Uganda has reported a profit after tax (PAT) of UGX 316.7 billion for the 12 months to December 2024, signalling improved performance compared to in the same period in…

    EU Envoy Jan Sadek, PSFU’s Nzeyi, and Ministers Kasaija, Nyamutoro, and Mwebesa Push for Deeper EU-Uganda Mineral and AgriTech Trade

    Muhereza KyamuteteraNews & AnalysisThe Big StoryFebruary 20, 2025February 20, 2025

    Uganda and the European Union (EU) have deepened their commitment to strengthening trade and investment ties, focusing on Agricultural Technology (AgriTech) and Sustainable Mining as key drivers for economic growth….

    Uganda sets tough certification rules for foreign engineers 

    Paul MurungiBusiness & MarketsEast AfricaGlobal NewsNews & AnalysisThe Big StoryFebruary 19, 2025February 19, 2025

    The Engineers Registration Board (ERB) is set to enforce a rule requiring all foreign nationals involved in engineering projects to register and obtain ERB certification within four months of their…

    Court Orders Stanchart to Pay UGX 59M to Former Staff for Loan Breach in Landmark Case

    CEO ReporterBanking & Financial ServicesBusiness & MarketsLegal & JusticeNews & AnalysisThe Big StoryFebruary 19, 2025February 19, 2025

    The Commercial Division of the High Court of Uganda has ruled that Standard Chartered Bank must compensate a former employee and his wife after wrongfully recalling an approved mortgage facility. …

    Uganda’s Banking Sector Gears Up to Support Ambitious USD500 bn GDP Growth Plan

    Muhereza KyamuteteraBusiness & MarketsThe Big StoryFebruary 19, 2025February 19, 2025

    The Uganda Bankers’ Association (UBA) has reaffirmed its commitment to supporting the Ugandan government’s ambitious economic expansion strategy, which aims to grow the country’s GDP from USD 50 billion to…

    Rwanda suspends bilateral aid program with Belgium over Congo war

    CEO East Africa MagazineBusiness & MarketsGlobal NewsNews & AnalysisThe Big StoryFebruary 18, 2025February 19, 2025
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    From Lecture Halls to Boardrooms: Where Uganda’s Top CEOs Studied and What They Learned

    Kisakye ImaniNews & AnalysisThe Big StoryFebruary 17, 2025February 17, 2025

    What does it take to become a CEO in Uganda?  Is there a specific degree, university, or qualification that paves the way to corporate leadership? The CEO East Africa Magazine…

    Govt seeks to borrow UGX697b from Stanbic Bank to fund Umeme buyout 

    Paul MurungiBanking & Financial ServicesEast AfricaGlobal NewsNews & AnalysisPolitics & GovermentThe Big StoryFebruary 17, 2025February 17, 2025
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