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    Business News East Africa

    Miriam Ekirapa Musaali, Cambridge-trained corporate finance lawyer and CMA Director Legal and Board Affairs, served Uganda’s capital markets with integrity, resilience, and faith through her cancer journey. Rest in peace.

    TRIBUTE | Miriam Ekirapa Musaali: A Testament of Faith, Courage, and Enduring Strength Against Cancer

    Muhereza KyamuteteraThe Big StoryDecember 10, 2025December 10, 2025

    In the days leading to her passing, Miriam Ekirapa Musaali, a distinguished corporate lawyer, governance expert, and one of Uganda’s most respected financial-sector minds, left behind more than a professional…

    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

    CEO East Africa MagazineThe Big StoryDecember 4, 2025December 4, 2025

    Century Bottling Company Limited walked into the Tax Appeals Tribunal hoping to end a costly dispute before it truly began. The Coca-Cola bottler was facing a fresh set of tax…

    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

    CEO East Africa MagazineThe Big StoryDecember 4, 2025December 4, 2025

    On paper, it looked like a clean regional trade story: a Ugandan manufacturer producing beer for thirsty markets in South Sudan and DR Congo, using local distributors to move product…

    Under Don Wanyama, Vision Group has accelerated long-overdue digital transformation through the launch of an in-house digital paywall, the rollout of Vision e-Shop and a courier tracking system, the creation of the Vision Group Analytics Dashboard (VGAD), and the automation of HR, asset, and administrative processes.

    Despite a UGX 25 Billion Government Lifeline, Don Wanyama’s Vision Group Remains Deeply Troubled

    CEO East Africa MagazineThe Big StoryDecember 1, 2025December 1, 2025

    Despite a UGX25 billion shot in the wallet by government, Vision Group, the state majority-owned media house (government owns 53.3%), is still fishing in troubled waters, the just-published Annual Report…

    Serena Hotels Operator Issues Profit Warning After Half-Year Loss of KShs 16 Million (UGX 448 million)

    Paul MurungiThe Big StoryNovember 30, 2025December 1, 2025

    TPS Eastern Africa PLC, the operator of Serena Hotels, has issued a profit warning for the financial year ending 31 December 2025 after slipping into a half-year loss, marking a…

    Ambrose Kibuuka, CEO of ICEA Lion General, says Uganda’s insurance growth will come from disciplined underwriting, tech-driven innovation, and winning trust by bringing the uninsured majority, especially the informal sector, into coverage.

    ICEA’s Ambrose Kibuuka on insurance mergers, e-mobility risks, tech-driven innovations – dominance of general insurance and dealing with low uptake

    CEO East Africa MagazineThe Big StoryNovember 27, 2025November 27, 2025

    In Uganda’s fast-evolving insurance market, questions of trust, innovation, and growth remain central. The insurance industry has been expanding, attracting bigger regional players and new products, but challenges of low…

    A photo montage of Absa’s David Wandera and Standard Chartered Bank’s Sanjay Rughani. Absa’s acquisition of Standard Chartered’s retail and wealth business reshapes Uganda’s banking sector, boosting deposits, expanding assets, and strengthening retail depth as regulators begin reviewing one of the industry’s most significant restructurings.

    Absa–Standard Chartered Wealth and Retail Business Acquisition Deal Enters Regulatory Review as Sector Impact Becomes Clear

    Muhereza KyamuteteraThe Big StoryNovember 21, 2025November 21, 2025

    Less than a year after Standard Chartered announced its plan to exit its Wealth and Retail Business (WRB) segment, the long-anticipated transfer to Absa Uganda has entered a decisive phase….

    Uganda has increased its recoverable oil resources to 1.65 billion barrels, strengthening confidence in ongoing oilfield developments and reinforcing the country’s readiness for First Oil as major projects near completion.

    Uganda Raises Recoverable Oil to 1.65 Billion Barrels

    Muhereza KyamuteteraThe Big StoryNovember 20, 2025November 20, 2025

    Uganda’s petroleum sector has recorded a major milestone with new assessments showing a rise in recoverable oil resources from 1.4 billion to 1.65 billion barrels. The announcement was made by…

    URA has begun a nationwide crackdown on undeclared offshore income, using global data-sharing networks to track foreign assets held by Ugandan residents and enforce strict compliance with international tax reporting rules.

    URA Directs Ugandans to Declare Global Income as Foreign Asset Crackdown Begins

    Muhereza KyamuteteraThe Big StoryNovember 20, 2025November 20, 2025

    Uganda Revenue Authority (URA) has launched a sweeping enforcement campaign requiring all Ugandan tax residents with foreign bank accounts, property, or investments to immediately declare their worldwide income and assets,…

    Tatenda Nigel Chinodakufa warns that Africa’s fintech boom faces unprecedented AI-driven fraud, urging continuous, intelligence-powered verification to protect growth in a digital era where even faces can lie.

    When Faces Lie: Tatenda Chinodakufa on Fighting AI Fraud in Africa’s Digital Boom

    Jeff WintersTechnology & InnovationThe Big StoryNovember 16, 2025November 16, 2025

    Tatenda Nigel Chinodakufa is often described as “the man helping Africa’s fintechs grow without stepping on regulatory landmines.” As Regional Business Development Director at Sumsub, a technology firm specializing in…

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    Latest Stories

    • When the Law Exists But No One Listens: Uganda’s Conflict of Interest Problem
      by CEO East Africa Magazine
      April 22, 2026
    • Mercy Kainobwisho has redefined URSB through people-centered leadership and bold reforms. By driving digital transformation, strengthening systems, and expanding access, she has turned the Bureau into a modern, high-performing institution. Her tenure reflects a balance of innovation and accountability, positioning URSB as a key pillar of Uganda’s economic development.
      Driving Transformation: Mercy Kainobwisho’s Five-Year Turnaround Has Transformed URSB From Legacy to a Digital Powerhouse
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    • Parliament has withdrawn the Traffic & Road Safety (Amendment) Bill, 2026, halting plans to reduce the vehicle import age limit from 15 to 13 years. Lawmakers cited affordability concerns, warning the move would raise car prices and transport costs, despite government’s push for cleaner, more efficient vehicles.
      Bill Seeking to Ban Importation of Cars Older than 13 Years Collapses
      by Jeff Winters
      April 21, 2026
    • Attorney General Kiryowa Kiwanuka defends the Bill as a transparency tool, Uganda Bankers Association head Wilbrod Owor warns of risks to capital flows, while journalist Charles Onyango-Obbo questions its sweeping definitions, together reflecting the legal, economic, and public tensions shaping debate over Uganda’s proposed Protection of Sovereignty Bill.
      A Bill Like No Other: Sovereignty Protection Push Raises Economic, Legal, and Political Questions
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    • Delhi Public School (DPS) International Kampala Posts Strong CBSE Results; One-Third of Class Scores Above 90%
      by CEO East Africa Magazine
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      by Paul Murungi
      April 21, 2026
    • Court of Appeal Halts $230,000 Share Payment in Billionaire Amos Nzeyi’s Nando’s Franchise Dispute
      by CEO East Africa Magazine
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    • Court of Appeal Upholds UGX 50 Million Damages Against UDB for Unjustified Withdrawal of Client Loan Facility
      by CEO East Africa Magazine
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    • Ibrahim Kaddunabbi Lubega has led Uganda’s Insurance Regulatory Authority since 2010, overseeing the sector’s growth from UGX 240 billion to over UGX 2 trillion. His long tenure has brought stability and expansion, but now faces scrutiny as questions emerge over term limits and the future leadership of the Authority.
      Who Will Be the Next Insurance Regulatory Authority CEO: Or Will Lubega Be Granted a Fourth Term?
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    • Victoria University Appoints Meera Ruparelia to Council, Signalling a New Era of Leadership
      by CEO East Africa Magazine
      April 20, 2026

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