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CEO East Africa Magazine Uganda Business News

Olive Zaitun Kigongo (left) and Alison Gallagher, mother and widow of the late Cedric Ndilima Babu, respectively, are seeking court declarations that KCB breached its mortgage agreement, an injunction blocking foreclosure of the Kololo condominium, a write-off of the outstanding loan, return of the property title, damages, and legal costs.
Olive Zaitun Kigongo (left) and Alison Gallagher, mother and widow of the late Cedric Ndilima Babu, respectively, are seeking court declarations that KCB breached its mortgage agreement, an injunction blocking foreclosure of the Kololo condominium, a write-off of the outstanding loan, return of the property title, damages, and legal costs.

Olive Kigongo, Cedric Babu’s Widow and KCB Bank in UGX 1.2b Kololo Property Fight

A high-value property in Kololo purchased at a value of UGX 1.2 billion has become the subject of a legal showdown between businesswoman Olive Zaitun Kigongo, her co-administrator Alison Gallagher, the wife
February 20, 2026
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
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

 

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