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Uganda’s financial sector is entering a new era of oversight. Bank of Uganda (BoU) has issued Guidelines on Financial Holding Companies, 2025. This is a sweeping framework that reshapes how banking groups are structured, supervised, and governed. The guidelines, which took effect on 1 November 2025, close long-standing regulatory gaps. They also bring Uganda in line with global standards. But beyond legal jargon, what do these guidelines actually mean for banks, holding companies, and the wider financial landscape? It’s significant for Bank of Uganda in implementing enhanced measures. Stricter group-wide supervision is now the norm For years, banks have reorganized…
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In a bold and strategic move that signals its ambitions for the next era of legal excellence, SM & Co. Advocates(formerly Shonubi, Musoke & Co.) has announced the onboarding of…
What inspired the decision to rebrand from Shonubi, Musoke & Co.Advocates to SM & Co. Advocates? The firm was founded 38 years ago by two then youthful and vibrant lawyers, Alan Shonubi and Peters Musoke (and later joined by Augustine Kibuka Musoke), with what was at the time a novel way of rendering legal services in Uganda. We have registered tremendous growth and made significant contributions to the legal services sector in the corporate and commercial law space, producing some of the best legal practitioners in Uganda and globally. From a partnership of two, the firm currently boasts 8 partners,…
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Following our publication of Uganda’s leading corporate and commercial law firms, CEO East Africa Magazine has gone further to boil it down to the leading individual lawyers. The CEO East Africa’s 2023 Guide to Uganda’s 75 Highly Regarded Business Lawyers list has been distilled from the 2022 Chambers & Partners ratings for Uganda, as well as the International Financial Law Review (IFLR) 1000 and The Legal 500. CEO East Africa Magazine, also consulted some respected names in the legal services industry, for their own insights on who else they thought was worth adding to the list, based on their knowledge…
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