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April 20, 2026
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    Business News Uganda

    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?

    Jeff WintersThe Big StoryApril 20, 2026April 20, 2026

    As the clock ticks toward June, when the current term of Insurance Regulatory Authority (IRA) Chief Executive Officer Ibrahim Kaddunabbi Lubega is expected to expire, a quiet but palpable tension…

    Uganda Clays has returned to profit, but its recovery remains fragile. Thin margins, weak cash flows, and a UGX 23.6 billion NSSF loan, partly unsecured, highlight underlying risks. As repayments loom in 2028, the company’s ability to sustain growth and meet its obligations will be the true measure of its turnaround.

    Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure

    Muhereza KyamuteteraThe Big StoryApril 18, 2026

    Uganda Clays Limited has returned to profitability. On paper, that statement marks a turning point for one of Uganda’s oldest industrial manufacturers, a company that has struggled in recent years…

    FIA Executive Director Samuel Were Wandera and Justice Bonny Isaac Teko stand at the center of Uganda’s evolving anti-money laundering landscape, where assertive enforcement meets judicial insistence on due process, highlighting a system striving to balance swift intervention with evidence, oversight, and timely, lawful case resolution across institutions and sectors.

    79% of Cases Unfinished: Inside the Financial Intelligence Authority’s Fragile Fight Against Money Laundering

    Muhereza KyamuteteraThe Big StoryApril 18, 2026April 18, 2026

    Justice Bonny Isaac Teko’s ruling in BMS General Trading vs Financial Intelligence Authority and Attorney General (Misc. Cause No. 0025 of 2026) may, at first glance, appear to be a…

    In November 2024, President Museveni officially launched construction of the Kampala–Malaba Standard Gauge Railway, marking a major milestone in Uganda’s long-delayed efforts to modernise transport and boost regional connectivity.

    Uganda Turns to Citibank After Years of SGR Delays Over Financing

    Jeff WintersThe Big StoryApril 16, 2026April 16, 2026

    Uganda’s decision to contract Citibank to mobilise funding for its Standard Gauge Railway (SGR) marks a significant turning point for a project that has faced years of delays, largely due…

    Sipi Falls Lodge proprietor Saleh Naminya is at the center of a landmark insurance dispute following a fire that destroyed his investment and triggered a contested claim. James Kinyua, Managing Director of CIC Africa (Uganda), leads the insurer resisting payout, while Shafi Nambobi, Chief Executive Officer of UGAFODE, represents the source of the money whose loan exposure is tied to the disputed claim.

    Burnt Investment, Broken Claim: A Tourism Lodge Owner’s Legal Battle with CIC Life Insurance

    Muhereza KyamuteteraThe Big StoryApril 8, 2026April 8, 2026

    On the night of February 19, 2025, a fire swept through Sipi Falls Lodge, destroying cottages that had been financed through a loan facility from UGAFODE Microfinance. What had been…

    Four powerful figures at the center of East Africa’s energy sector upheaval; Mohamed Liban, Kenya’s Principal Secretary for Petroleum; Joe Sang, former Managing Director of the Kenya Pipeline Company; and Daniel Kiptoo Bargoria, former EPRA Director General, have all exited office amid a deepening fuel supply scandal under investigation. Across the border, James Mwainyekule, Tanzania’s EWURA Director General, has been dismissed following a sharp surge in fuel prices. Together, their downfalls signal a broader regional reckoning, as governments confront mounting pressure over fuel governance, regulatory accountability, and the growing economic toll of instability in critical energy systems.

    Crisis Beneath the Pumps: Kenya’s Unfolding Fuel Scandal and the Fall of Top Energy Chiefs – Why it Matters to Uganda

    Jeff WintersThe Big StoryApril 4, 2026April 4, 2026

    What once appeared to be a triumph of state intervention is now unraveling into one of Kenya’s most gripping governance crises. In the wake of the 2022 fuel shortages, marked…

    Customers withdraw cash from an ATM, a routine transaction at the center of policy debate after government dropped plans to introduce a tax on all cash withdrawals.

    Govt Abandons Plan to Tax all Cash Withdrawals

    Jeff WintersThe Big StoryApril 2, 2026April 2, 2026

    Government has abandoned a proposed 0.25% excise duty on cash withdrawals from the financial system. The proposal, initially fronted under the 2026/27 Revenue Enhancement and Compliance Measures, was part of…

    Proposed tax hike on second-hand clothes is likely to reignite debate, as government eyes revenue and industrial growth, sparking concerns over a possible spike in prices, worsened by weak local capacity, and potential disruption to Uganda’s garments sector.

    Tax on Used Clothes to Increase to 30%

    Jeff WintersThe Big StoryMarch 29, 2026March 29, 2026

    Government has revived its efforts to rein in the importation of second-hand clothing, proposing to double the surcharge from 15% to 30% under the 2026/27 Revenue Enhancement and Compliance Measures….

    Government says the proposed excise duty on all cash withdrawals aims to boost revenue and fairness, as Uganda grapples with high cash usage and pushes toward a more transparent, digital financial system.

    All Cash Withdrawals Now to be Taxed

    Jeff WintersThe Big StoryMarch 29, 2026March 29, 2026

    In a move that seeks to boost domestic revenue, government has proposed a new levy on all cash withdrawals across the financial system. The 2026/27 Revenue Enhancement and Compliance Measures…

    Government plans to reduce the vehicle import age limit to 13 years and increase environmental levies on older vehicles to cut emissions, save foreign exchange, and boost revenue in the 2026/27 financial year.

    Govt Moves to Ban Importation of Cars Older Than 13 Years

    Jeff WintersThe Big StoryMarch 27, 2026March 27, 2026

    Government is proposing sweeping changes to motor vehicle importation rules under the Traffic and Road Safety Act, as part of broader reforms contained in the Revenue Enhancement and Compliance Measures…

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    Latest Stories

    • 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?
      by Jeff Winters
      April 20, 2026
    • Victoria University Appoints Meera Ruparelia to Council, Signalling a New Era of Leadership
      by CEO East Africa Magazine
      April 20, 2026
    • Uganda Airlines Restores Airbus A330-800neo to Service, Boosts Dubai Flights After Fleet Disruptions
      by Paul Murungi
      April 20, 2026
    • Strengthening Governance and Environmental Responsibility: The 2026 Tax Procedure and Miscellaneous Bills
      by CEO East Africa Magazine
      April 20, 2026
    • When the Phones go off: How Power Shortages are Undermining Uganda’s Digital Economy
      by Paul Murungi
      April 19, 2026
    • Ugandan Banks Reject Sovereignty Bill, Cite Seven Grounds 
      by Paul Murungi
      April 18, 2026
    • UNOC’s Big Leap: Profits, Pressure, and the Race Against Time 
      by CEO Reporter
      April 18, 2026
    • Uganda Clays has returned to profit, but its recovery remains fragile. Thin margins, weak cash flows, and a UGX 23.6 billion NSSF loan, partly unsecured, highlight underlying risks. As repayments loom in 2028, the company’s ability to sustain growth and meet its obligations will be the true measure of its turnaround.
      Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure
      by Muhereza Kyamutetera
      April 18, 2026
    • Victoria University Named Among Nine Accredited to Train Pharmacists as PSU Tightens Standards
      by CEO East Africa Magazine
      April 18, 2026
    • FIA Executive Director Samuel Were Wandera and Justice Bonny Isaac Teko stand at the center of Uganda’s evolving anti-money laundering landscape, where assertive enforcement meets judicial insistence on due process, highlighting a system striving to balance swift intervention with evidence, oversight, and timely, lawful case resolution across institutions and sectors.
      79% of Cases Unfinished: Inside the Financial Intelligence Authority’s Fragile Fight Against Money Laundering
      by Muhereza Kyamutetera
      April 18, 2026

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      • Executive Profiles
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      • Entrepreneurship
      • Transitions & Succession
      • C-Suite Leadership
      • Boards & Governance
      • Thought Leadership
      • Ugandans Excelling Abroad
    • Lists & Rankings
      • 100 Leading & Admired CEOs
      • 100 Most Trusted & Respected Companies
      • 100 Women Fixing Uganda
      • Billionaires
      • 100 Women in Finance
      • 50 Leading CFOs
      • 50 Leading CHROs
      • CEO Of The Week
      • The CIO/CTO Power List
      • The Uganda 300 Index
      • Top 50 CMOs
      • Top Law Firms
      • Uganda’s 100 Oil & Gas Leaders 2024
      • Product of the Week
    • Lifestyle
      • The Executive Traveler
      • Destinations & Hotels
      • Automobiles & Mobility
      • Property & Living
      • Fashion, Design & Style
      • Music & Entertainment
      • Food, Wine & Fine Dining
      • Leisure, Culture & Experiences
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