Deepak Pandey is poised to make a return to the top of Uganda’s insurance industry after being lined up as Chief Executive Officer of the reorganised Jubilee Life Insurance, according to sources familiar with the matter. The development follows the recent restructuring of Jubilee’s life and health insurance operations in Uganda, which saw the consolidation of the businesses into a single entity aimed at improving operational efficiency, governance, and market competitiveness. People with knowledge of the discussions say the reorganisation created room for a leadership reset at the life insurance unit. Sources say Pandey’s comeback reflects renewed confidence by the…
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Vodacom Tanzania has reported strong operational and financial momentum in the first half of 2025/26, underpinned by double-digit revenue growth, expanding cash flows, and accelerating performance in its core digital and mobile money businesses. However, the telecom reported a marginal dip in net profit linked to deliberate, short-term investment decisions. In the six months to September 2025, the telecom’s revenue grew by 24% to TZS 905.3 billion (UGX 1.31 trillion), lifting operating profit by 27.8%, and swung free cash flow into positive territory at TZS 24.9 billion (UGX 35.9 billion). While net profit after tax edged down by 1.2% to…
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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 across borders. In reality, it became a high-stakes tax dispute that turned on a single question: who, legally, exported the beer? The business model behind the case was straightforward. Nile Breweries Limited (NBL) has long exported into the region. In 2022, it supplied beer to Kabaco and Ituri, two Uganda-based companies with established export networks outside the country. The beer was clearly marked “for export,” and the arrangement was framed…
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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 penetration and uptake continue to shape the everyday business. We spoke to Ambrose Kibuuka, Chief Executive Officer of ICEA Lion General, about where the market is headed, what is driving competition, and how insurers can grow by serving the largely uninsured majority. Below are excerpts. Beyond the CEO title, who are you? What values or habits define Ambrose Kibuuka as a person? I am proudly Ugandan, born and bred here….
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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. On 24 October, Absa confirmed that it would acquire Standard Chartered’s entire WRB portfolio, including clients, staff, deposits, and assets. It is one of the most significant realignments in Uganda’s banking sector in recent years. The deal has now moved to the COMESA Competition Commission (CCC), which on 18 November issued a formal Notice of Inquiry. The inquiry will evaluate whether the transaction could reduce competition in the COMESA region…
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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…
French oil and gas multinational TotalEnergies Marketing Uganda is facing a lawsuit in the Commercial Court. Local engineering contractor Civtec Africa Limited accuses the company of failing to disclose serious…
Money remains expensive in Uganda. Bank of Uganda has kept its Central Bank Rate (CBR) at 9.75% since August 2025, one of the longest periods without adjustment. The message is clear: maintain macro stability in a world still shaken by global shocks, even if it means keeping domestic credit costly. In practice, this stance raises funding costs for banks, which then pass them on to businesses and households. Inflation eased to 3.4% in October, down from 4% in September, but that only widens the spread between the policy rate and inflation—now over 600 basis points. This makes Uganda’s real interest…
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To understand Stevens Mwanje is to understand the balance between numbers and humanity. A finance professional of 30 years, Mwanje has built a career defined by quiet discipline, strategic clarity, and a deep respect for people. Since joining NSSF in 2010 and later becoming CFO in 2017, he has emerged as one of the institution’s most influential leaders, shaping culture, strengthening systems, and mentoring future executives. In this interview with CEO East Africa Magazine, he opens up about his personal journey, the lessons that shaped him, and how he keeps teams performing at their best. How do you keep up…
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Standard Bank Group, Africa’s largest lender by assets, has officially entered the Egyptian market, opening a representative office in Cairo. The move marks one of the bank’s most significant North African expansions in recent years. The Group, which trades as Stanbic in much of Africa, officially launched the representative office on 12 November 2025. While not yet a fully licensed commercial bank, the new office will offer corporate, investment, and advisory services as Standard Bank seeks regulatory approval to begin full banking operations in Africa’s third-largest economy. Group CEO Sim Tshabalala described Egypt as a “strategic gateway” for connecting capital…
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