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    Business News East Africa

    Once a vital drainage artery of Kampala, the Nakivubo Channel has become a tragic symbol of urban neglect. Buildings encroach, wetlands vanish, and rainstorms now trigger deadly floods. The city’s clogged lifeline floods again, reminding us that infrastructure failure and environmental collapse walk hand-in-hand.

    EDITORIAL: Banks Are Our Last Line of Defence – Will They Stop Financing Uganda’s Environmental Collapse?

    Editorial, CEO East AfricaBanking & InsuranceThe Big StoryNovember 13, 2025November 17, 2025

    When Uganda’s capital city floods, it is often framed as a natural disaster. The skies open up in fury, the drains overflow, and Kampala drowns under its own chaos. But…

    NMB Bank cements its dominance in Tanzania’s banking industry with record Q3 2025 earnings. Assets hit TZS 15.5 trillion, profit after tax rose 14% to TZS 543 billion, and NPLs held at 2.7%. A model of disciplined growth, digital innovation, and strong shareholder returns.

    NMB Bank Sustains Tanzania’s Banking Dominance with Record Growth and Strong Earnings in 2025 Third Quarter

    CEO East Africa MagazineBanking & InsuranceNovember 10, 2025November 10, 2025

    In an economy navigating shifting macroeconomic tides, NMB Bank Plc continues to tower above its peers as Tanzania’s most profitable and resilient financial institution. The lender’s 2025 third-quarter Interim Financial…

    A photo collage of Cornwell Muleya and Uganda Airlines chief executive officer Jenifer Bamuturaki. Muleya was controversially replaced by Bamuturaki after he was sacked and dragged to court over alleged mismanagement of the airline.

    Court Orders Uganda Airlines to Pay Former CEO Cornwell Muleya UGX 455 Million Over Illegal Dismissal

    CEO East Africa MagazineThe Big StoryNovember 6, 2025November 10, 2025

    The Industrial Court has ordered Uganda Airlines to pay its former Chief Executive Officer, Cornwell Muleya, more than UGX455 million following a ruling that found his dismissal illegal. In a…

    From consul to controversy, former Eswatini Honorary Consul Quillino Bamwine faces a CID probe over alleged UGX 372M land fraud, marking a dramatic fall from diplomacy to dispute. His case exposes the risky crossroads between influence, real estate, and accountability in Uganda’s power corridors.

    Under Police Probe: The Land Deals That Caused Former Eswatini Honorary Consul Quillino Bamwine Problems

    CEO East Africa MagazineThe Big StoryNovember 3, 2025November 3, 2025

    The Police Criminal Investigations Directorate (CID) is investigating Quillino Bamwine, who previously served as the Honorary Consul of the Kingdom of Eswatini to Uganda, for allegedly obtaining UGX 372 million…

    DSE’s total assets reached TZS 42.02 billion ($15.86 million), reflecting a 17% increase from TZS 36.07 billion ($13.62 million) a year earlier.

    Dar es Salaam Stock Exchange Delivers 50% Profit Jump, Strengthens Balance Sheet to $15.9 Million in Assets

    CEO East Africa MagazineNews & AnalysisOctober 29, 2025October 29, 2025

    The Dar es Salaam Stock Exchange (DSE) has posted another quarter of solid financial performance, signaling strong operational resilience and investor confidence amid a tightening regional economic environment. For the…

    IRA CEO Ibrahim Kaddunabbi Lubega says the rise in complaints tells a new story, not of failure, but of trust restored, voices amplified, and an industry finally listening.

    Trust is the Currency of Insurance: IRA CEO Ibrahim Kaddunabbi on Rising Complaints, Digital Transformation, and Consumer Empowerment

    CEO East Africa MagazineThe Big StoryOctober 27, 2025October 26, 2025

    Customer complaints in the insurance sector have more than doubled in just three years, from under 150 to over 350. But to Chief Executive Officer Ibrahim Kaddunabbi Lubega, this isn’t…

    A photo collage of Absa Managing Director David Wandera and Standard Chartered chief executive officer Sanjay Rughani. Standard Chartered and Absa Bank announced on October 24 that they had agreed on the sale of Standard Chartered’s Wealth and Retail Banking business portfolio to Absa Uganda.

    Big Leap: How Absa’s UGX 1.3 Trillion New Assets and Deposits Acquisition Through Stanchart’s Wealth and Retail Business Will Rewrite its Growth Story

    CEO East Africa MagazineThe Big StoryOctober 24, 2025October 31, 2025

    Less than a year after Standard Chartered Bank announced plans to exit its Wealth and Retail Business (WRB) segment as part of a global restructuring strategy, the long-anticipated transaction has…

    In the 12 months to June 30, 2025, mobile money and e-money providers transferred UGX 10.8 billion in closed-account balances to the central bank for safekeeping, which brought the total accumulation in unclaimed e-money to UGX88.1 billion.

    UGX88.1 billion Remains Unclaimed at BoU in Dormant Mobile Money Accounts

    CEO East Africa MagazineThe Big StoryOctober 10, 2025October 17, 2025

    At least UGX 88.1 billion remains unclaimed in closed mobile money and other e-money accounts, a Bank of Uganda report shows. The money, which is currently held Bank of Uganda…

    A photo collage of Bank of Baroda Managing Director Shashi Dhar, Quality Chemical Managing Director Ajay Kumar Pal, Stanbic Holdings Chief Executive Francis Karuhanga, Umeme Managing Director Selestino Babungi, and Airtel Uganda Managing Director Soumendra Sahu. The five companies delivered standout returns for the period between January and September 2025.

    Black Diamonds: Five Stocks that Beat Bonds and NSSF in Returns

    CEO East Africa MagazineThe Big StoryOctober 2, 2025October 10, 2025

    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…

    Alliance for National Transformation, led by Gen Gregory Mugisha Muntu, promises to steer the country away from what it calls a “consumption-driven, debt-laden model” towards a production-led economy.

    ANT’s Bold Economic Plan: Jobs, Industry, and Inclusive Growth

    CEO East Africa MagazineThe Big StoryOctober 2, 2025October 10, 2025

    The Alliance for National Transformation (ANT) has an ambitious plan to reset Uganda’s economic trajectory. In its manifesto, the party, led by Gen Gregory Mugisha Muntu, promises to steer the…

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    Latest Stories

    • Ugandan enterprises urged to explore regional oil and gas opportunities
      by Brian Emorut
      December 5, 2025
    • Uganda to host WFP Global Fleet Hub, establish unique humanitarian plates
      by Brian Emorut
      December 4, 2025
    • Ugandan Enterprises urged to prepare for production-phase opportunities in Oil and Gas
      by Brian Emorut
      December 4, 2025
    • Century Bottling’s bid to knock out URA’s UGX 10.2b assessments failed as the Tax Appeals Tribunal ruled new audit facts allowed late claims for 2013–2019. It also rejected “parallel assessment” arguments and upheld reverse-charge VAT on separately invoiced Krones services (about UGX 364m). Other tax issues remain pending for now.
      Tribunal Backs URA in UGX 10.2 Billion Century Bottling Tax Fight
      by CEO East Africa Magazine
      December 4, 2025
    • The Tax Appeals Tribunal backs URA in Nile Breweries export row, finding Kabaco and Ituri were buyers, not agents. Beer sold locally then exported, triggering VAT and excise; assessments upheld.
      The Nile Breweries-URA UGX 18.5 Billion Fight: When ‘Export’ Became the Battleground That NBL Eventually Lost
      by CEO East Africa Magazine
      December 4, 2025
    • Equity Bank Champions Second Gulu Marathon
      by Brian Emorut
      December 4, 2025
    • Kenya Gov’t to Sell 15% Safaricom Stake to Vodacom in KShs 245 Billion (UGX 6.6 Trillion) Deal
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      by Paul Murungi
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      by Guest Writer
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    • Uganda’s property market mirrors the macro: steady growth, low inflation and a firm shilling support demand. Urbanisation and new industrial cities spread opportunity, but quality supply remains scarce in 2026.
      The Future of Uganda’s Property Market and Where to Invest in 2026
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