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TodayWednesday, April 29, 2026

CEO East Africa Magazine Business News- Page 2

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.
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

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. The request
December 1, 2025
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.
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

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 2024/25 shows.
December 1, 2025
Kampala Serena Hotel is part of the Serena Hotels chain, which comprises some of East Africa’s most prominent luxury and upscale lodges and city hotels operated by TPS Eastern Africa PLC. Photo credit: Serena Hotels.

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

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 sharp reversal
November 30, 2025
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.
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?

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 Monday (10
November 17, 2025
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 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

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 Results reveal
November 10, 2025
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.
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

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 builds technology.
November 5, 2025
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.
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

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 powerful interoperable
October 31, 2025
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.
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

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 third quarter
October 29, 2025
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.
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

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, profitable, and
September 29, 2025
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CEOs of Uganda’s Most Hardworking Banks – Clockwise from the top: Finance Trust Bank’s Annet Nakawunde Mulindwa; Centenary Bank’s Fabian Kasi; KCB Bank Uganda’s Edgar Byamah; PostBank Uganda’s Julius Kakeeto; Cairo International Bank’s Sylvia Jagwe Owachi (Ag. Managing Director); Housing Finance Bank’s Michael Mugabi; Bank of Baroda Uganda’s Shashi Dhar (Managing Director & CEO); Stanbic Bank Uganda’s Mumba Kalifungwa; and Absa Bank Uganda’s David Wandera. These leaders are steering Uganda’s most dynamic banks, putting deposits to work for the real economy.

Financing The Real Economy: Who Are Uganda’s 10 Most ‘Hardworking’ Banks?

Against a backdrop of slowing credit appetite and shifting investment strategies, Uganda’s commercial banking sector recorded UGX 35.24 trillion in customer deposits in 2024, up from UGX 33.60 trillion in 2023—a growth
May 24, 2025
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