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    CEO East Africa Magazine Business News

    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 UGX1.696 trillion supplementary bid, with UGX422.264 billion earmarked for 10 new Uganda Airlines aircraft, now hangs on Parliament’s verdict. Approval could fast-track the carrier’s fleet expansion, but rejection would signal growing unease over pouring scarce public funds into the skies while critical priorities remain grounded on the runway here.

    Govt Seeks Approval of UGX422 Billion Supplementary for Phased Purchase of 10 Uganda Airlines Aircraft

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

    Government has tabled a UGX1.696 trillion supplementary budget request before Parliament’s Budget Committee, with UGX422.264 billion earmarked as an initial payment for the purchase of 10 aircraft for Uganda Airlines….

    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…

    The shilling swung sharply last week, tumbling midweek before staging a cautious rebound. Offshore outflows and import demand drove volatility, but the currency’s recovery signals resilience ahead of the festive and election seasons.

    Shilling on the Edge: Market Jitters Ease After Heavy Midweek Depreciation – Will the Gains Hold?

    CEO East Africa MagazineThe Big StoryNovember 17, 2025November 17, 2025

    The shilling experienced one of its most volatile stretches in recent months. It swung wildly as offshore realignments and rising import demand disrupted its long-held stability. The currency opened last…

    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…

    Jack Ngare, Google Cloud’s Technical Director in Nairobi, champions Africa as a cradle of innovation, where resilience, ingenuity, and constraint-driven creativity produce solutions that shape global technology and redefine progress.

    Africa Isn’t a Testing Ground – it’s a Teacher: Jack Ngare on How Data and Technology Have Become Global Breakthroughs

    Jeff WintersFintechsTechnologyNovember 5, 2025November 5, 2025

    Jack Ngare, Technical Director in Google Cloud’s Office of the CTO in Nairobi, believes Africa’s innovations are not side projects for global companies but lessons that shape how the world…

    A photo collage of Stanbic chief executive Mumba Kalifungwa and Pearl Bank managing director Julius Kakeeto. The FlexiPay and Wendi partnership promises a new revolution in the e-money ecosystem that brings together more than 1.5 million users.

    Stanbic’s FlexiPay and Pearl Bank’s Wendi Partnership: The UGX 6 trillion Digital Money Highway Promising a New Revolution

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

    A new chapter in Uganda’s digital finance landscape is quietly unfolding as Stanbic’s FlexiPay and Pearl Bank’s (formerly PostBank) Wendi Wallet join forces to create one of the country’s most…

    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…

    Whereas banks present a picture of profitability and highly liquid, credit expansion remains weak, and the little lending that takes place is concentrated in consumption and real estate.

    Uganda’s Banking Paradox: Strong, Profitable, and Liquid but Failing to Power Productive Growth

    CEO East Africa MagazineBanking & InsuranceFinanceThe Big StorySeptember 29, 2025October 7, 2025

    Uganda’s banking sector has never been stronger on paper. And the Bank of Uganda’s latest Financial Soundness Indicators show why. Banks, the indicators show, are heavily capitalized, flush with liquidity,…

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    • Irene Mwoyogwona: Beyond the Numbers – How Pride Bank’s Award-Winning CFO Combines Profitability and Social Impact
      by Paul Murungi
      December 7, 2025
    • How Stanbic Bank CFO Ronald Makata Blends Governance, Technology and Human Leadership to Drive Performance
      by Paul Murungi
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    • PRAU Honors Uganda’s Top Innovators at 9th Excellence Awards
      by Brian Emorut
      December 6, 2025
    • 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
    • Netflix Strikes $82.7 Billion Deal to Take Over Warner Bros., Redefining the Global Entertainment Landscape
      by Paul Murungi
      December 5, 2025
    • Pearl Bank Celebrates Customers in Festive Campaign Dubbed Pearl Santa
      by Paul Murungi
      December 5, 2025
    • Energy Ministry Orders UEDCL Board to Investigate Top Management Over Performance Gaps
      by Paul Murungi
      December 5, 2025
    • From Luuka to the Netherlands: The Rise of a Farmer Redefining Agribusiness in Uganda
      by Jeff Winters
      December 5, 2025
    • SanlamAllianz Life Insurance Uganda welcomes Alexander Mukasa as Chief Executive Officer, effective December 2025, ushering in a fresh chapter after his eight-year run leading Marsh Uganda through major market shifts. He succeeds retiring industry stalwart Gary V. Corbit, whose multi-decade African career and transformational stewardship strengthened the Sanlam brand in Uganda, right before the recent merger with JubileeAllianz.
      Former Marsh Uganda Chief Executive, Alexander Mukasa, Replaces Gary Corbit as SanlamAllianz Life Insurance Head
      by CEO East Africa Magazine
      December 5, 2025
    • Ugandan enterprises urged to explore regional oil and gas opportunities
      by Brian Emorut
      December 5, 2025
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