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TodayWednesday, April 29, 2026

Andrew Kibaya

Bank of Uganda’s new rules bring financial holding companies under full supervision, tightening governance, capital standards and oversight across entire banking groups to strengthen stability and close long-standing regulatory gaps.
Bank of Uganda’s new rules bring financial holding companies under full supervision, tightening governance, capital standards and oversight across entire banking groups to strengthen stability and close long-standing regulatory gaps.

A New Era of Oversight: How BoU’s Holding Company Rules Will Reshape Financial Sector Regulation

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
November 19, 2025
Left to right: Ian Mutibwa and Racheal Kembabazi — the newest additions to SM & Co. Advocates. Their arrival from Signum Advocates marks a strategic talent acquisition that strengthens the firm’s tax, finance, and corporate law practices while signalling a bold new chapter in SM & Co.’s 38-year legacy.

SM & Co. Advocates (Formerly Shonubi, Musoke & Co) Stages Coup de Firm on Signum Advocates

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 it
May 14, 2025
The partners of SM & Co. Advocates — seated (left to right): Alan Shonubi, Brigitte Kusiima, Noah Edwin Mwesigwa; standing (left to right): Nicholas Mwasame, Innocent Kihika, Alex Kabayo, Ian Mutibwa, Andrew Kibaya — mark a defining moment in the firm’s evolution. As they steer the transition from Shonubi, Musoke & Co., they honour a 38-year legacy while embracing a bold, future-focused vision for legal practice in Uganda.

From Shonubi, Musoke & Co. Advocates to SM & Co.: Honouring a 38-Year Legacy, Reimagining the Future of Legal Practice in Uganda

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
May 14, 2025

 

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