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    CEO East Africa Business News

    Left to right: A photo collage of Hassanein Hiridjee, Geoffrey Donnels Oketayot, and Ronald Onzia. Hiridjee, together with Towerco of Africa Uganda, had sought to stay proceedings or refer a multimillion-dollar shareholder dispute to a UK court. However, court rejected the pleadings that Oketayot, Onzia, and another shareholder, George Arthur Ssamula, had strongly opposed.

    Ugandan Court Rejects Towerco Bid to Shift Dispute to UK, Citing Fraud Allegations and Public Policy

    CEO East Africa MagazineThe Big StoryOctober 24, 2025October 23, 2025

    In a ruling that reinforces Ugandan courts’ discretion to retain jurisdiction over disputes relating to alleged illegality, Justice Patience Rubagumya of the Commercial Division of the High Court declined to…

    A photo collage of former Kenyan president Uhuru Kenyatta, NCBA Group chairman James P. M. Ndegwa, NCBA Group managing director John Gachora, and former Kenyan minister, the late Simeon Nyachae, whose family maintains a substantial holding in NCBA Group. If Standard Bank, which trades as Stanbic in Uganda and Kenya, takes over NCBA Group, the key figures above, whose families are represented by different individuals as shareholders, will be some of the biggest beneficiaries from either a windfall in the form of a payout or a shareholder value addition derived from an enlarged regional banking powerhouse.

    The NCBA Windfall: Shareholders Set for a Windfall if Stanbic Seals the Takeover

    CEO East Africa MagazineThe Big StoryOctober 16, 2025October 23, 2025

    If the long-rumored Stanbic–NCBA merger or buyout becomes reality, NCBA shareholders could emerge as the biggest winners in East Africa’s next major banking shake-up. The market already seems to agree….

    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 Bank of Uganda survey indicates that many banks are reviewing their digital lending models to include better risk profiling, repayment tracking, and partnerships with credit reference bureaus.

    Mobile Money Loans Driving Financial Inclusion, but Rising Default Risks: BoU Wants Banks to Tighten Borrower Assessment and Monitoring

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

    The rapid growth of digital and mobile lending is transforming Uganda’s financial landscape. It is expanding access to credit for millions who were previously excluded from the formal banking system….

    A photo collage of Dentons Chairman and Senior Partner David Mpanga, Managing Partner Pearl Nyakabwa, Senior Associates Agatha Etyang and William Wepukhulu. The four were instrumental in arranging the Ecobank’s €230m syndicated loan to Government of Uganda.

    The Dealmakers: Meet the Dentons Uganda Legal Team Behind Ecobank’s €230m Syndicated Loan to Government of Uganda  

    CEO East Africa MagazineThe Big StoryOctober 3, 2025October 10, 2025

    When three leading African and international institutions joined forces to back Uganda’s infrastructure pipeline, the mandate demanded technical precision and rapid, cross-border execution. Dentons, under the leadership of David Mpanga,…

    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…

    Central to the FDC manifesto is a sharp critique of Uganda’s rising public debt, which the party traces to under UGX 20 trillion in 2016, but had by June 2024 risen to more than UGX 90 trillion.

    FDC Puts Forward a Production-Led Vision for Uganda’s Economy

    CEO East Africa MagazineThe Big StoryOctober 1, 2025October 10, 2025

    When the Forum for Democratic Change (FDC) unveiled its 2026–2031 manifesto, attention quickly turned to its economic agenda. The party, one of Uganda’s largest opposition forces, is promising what it…

    For many Ugandans, land and buildings are the default investment. Yet returns on real estate often lag behind fixed deposits once costs are factored in.

    Fixed Deposits: The Safest Way to Grow Your Cash

    Jeff WintersThe Big StorySeptember 30, 2025October 7, 2025

    A fixed deposit is the plainest promise a bank can make. Lock away your money for a set period, and in return, you get a guaranteed return. It is designed…

    The business climate in August 2025 was defined by steady growth and bright expectations for the months ahead, set against the backdrop of tight credit, liquidity pressures, and rising costs.

    Uganda’s Business Confidence Index: Optimism Holds, But Strains Emerge Beneath the Surface

    CEO East Africa MagazineThe Big StorySeptember 28, 2025October 7, 2025

    The private sector entered August on a cautious but hopeful note. Two major business surveys show that while the economy remains on a growth path, financial strain and weak present…

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    Latest Stories

    • Moses Lutalo argues Uganda’s real estate struggles aren’t about demand, but broken systems: costly financing, volatile currency, heavy taxes, and weak land governance squeezing developers daily, scaring off long-term capital.
      Inside Uganda’s Property Market: Broll Uganda’s Moses Lutalo on Sector Realities and the Signals Investors Can’t Ignore
      by Jeff Winters
      December 6, 2025
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    • Gary Corbit drives SanlamAllianz Uganda’s new era of confidence, championing innovation and financial inclusion. Paul Mukasa, a Ugandan leader in service—pastoral, educational, and community-centered—embodies compassion and resilience. Together they reflect modern Ugandan leadership: protecting livelihoods for families today and tomorrow, nurturing hope, and inspiring progress across boardrooms, classrooms, and parishes.
      Former Marsh Uganda Chief Executive, Alexander Mukasa, Replaces Gary Corbit as SanlamAllianz Life Insurance Head
      by CEO East Africa Magazine
      December 5, 2025
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      by Brian Emorut
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      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
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