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But he was never born with a silver spoon in his mouth. By the time the young Emmanuel first saw an electric light bulb, he was already old enough to understand what it meant to be left behind. He grew up in Buleera, a trading centre in what was then Mubende district, in present-day Mityana District, the last born of four children — one boy and three girls — born to illiterate peasant parents. His father left for Kampala in 1966 in search of casual work and never came back — believed to have been killed in the political…
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The stock market continues to deliver standout opportunities for investors. Five locally listed companies posted exceptional returns that outpaced both government bonds and the National Social Security Fund (NSSF). The latest edition of the Black Diamonds Update by Crested Capital highlights counters that achieved total shareholder returns above 25% between January and September 2025. Bank of Baroda and QCIL lead the pack At the top of the list is Bank of Baroda (BOBU), which recorded a staggering 97.75% total shareholder return. This was driven by a sharp rise in its share price from UGX 22.25 at the start of the…
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In 2021, Ajay Kumar Pal became CEO of Cipla Quality Chemicals, now QCIL. He displayed a calm resolve of someone used to pressure. He wasn’t just walking into a leadership role—he was walking into a storm. QCIL, once considered one of Uganda’s most promising pharmaceutical exporters, was in trouble. Covid-19 had scrambled global supply chains, making it harder—and costlier—to move goods. But QCIL’s biggest blow came not from the virus, but from Zambia. For years, the Zambian government had been a key buyer of QCIL’s life-saving drugs. But by the time Kumar took over, those payments had dried up. QCIL…
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Hardly two years after arriving in Uganda to take up her very first CEO role at Uganda’s largest telco, MTN Uganda, Sylvia Mulinge has emerged as Uganda’s most admired CEO, in the CEO East Africa Magazine’s inaugural 100 Leading & Most Admired CEOs In Uganda Survey. The 2-in-1 CEO East Africa Magazine’s Most Trusted and Respected Companies & The Most Admired CEOs in Uganda Survey 2024 is part of the magazine’s thought leadership agenda that seeks to create a body of knowledge on what exactly great companies and great leaders are made of, as well as recognise them. “This, we…
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