Over the past four decades, a generation of entrepreneurs, professionals, farmers, and property owners has built significant wealth. As this generation retires or passes on, the challenge facing families is no longer accumulation, but continuity. Yet Uganda’s framework for trusts remains institutionally anchored in a system designed for land administration rather than economic governance. That mismatch is no longer theoretical. It is now economically costly. Trusts have outgrown land-centred regulation Historically, trusts in Uganda were closely associated with land—family holdings, Mailo interests, and protection of property for widows and minors. Although trusts are incorporated under the Trustees Incorporation Act, their…
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Emmanuel Mugagga is the Chief Financial Officer of the Uganda National Oil Company (UNOC) and Winner of the Strategy Execution Award at the 9th edition of the Chief Financial Officer Awards 2025– an initiative of ACCA Uganda and Deloitte Uganda. At UNOC, an institution entrusted with managing Uganda’s commercial interests across the petroleum value chain, Mugagga sits at the intersection of a sector where decisions span decades, capital runs into billions, and outcomes shape national destiny and strategy is only as powerful as its execution. In this conversation with CEO East Africa’s Paul Murungi, Mugagga reflects on his journey into…
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“It’s about integrity, accountability, and doing things the right way,” says CFO Frederick Kakooza of Quality Chemical Industries Ltd (Qcil), who earned the prestigious Compliance & Governance Award at the at the 9th edition of the Chief Financial Officer Awards 2025– an initiative of ACCA Uganda and Deloitte Uganda. Kakooza sits down with Paul Murungi to discuss his transformative approach to finance, detailing how he has driven the function from a back-office operation to a powerful leadership statement within Qcil. He explains that this recognition is a powerful stamp of confidence in the efforts invested to ensure that company rules,…
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Appointed in June 2020, Peter Ssenyange is the Chief Financial Officer at Pearl Bank (formerly PostBank Uganda Limited), and is part of the leadership team that is transforming the bank into a value driver in the Ugandan economy. Under his leadership, the bank has achieved sustainability certification, won the Sustainability Award, and he was named CFO of the Year for his role in redefining sustainable finance and corporate governance in Uganda at the CFO Awards 2025, an initiative launched by Deloitte Uganda and ACCA Uganda. The awards highlight the critical role played by finance professionals in driving financial stewardship, strategic…
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By Peter Ssenyange For a long time, the success of a bank was measured in numbers: quarterly margins, loan-to-deposit ratios, and cost-to-income efficiency. But today, that narrative is being rewritten. In an era defined by global uncertainty, environmental awareness, and social transformation, profitability alone no longer tells the full story. The question that defines the future of banking is not whether a bank can be profitable, but whether it can be relevant to its customers, its community, and its country. As we transition from PostBank Uganda to Pearl Bank Uganda, we have embraced this truth as the foundation of our…
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Insolvency is one of the most misunderstood phases of the business cycle. In Uganda—where entrepreneurs are celebrated for their resilience and ingenuity—it is also one of the most stigmatised. But…
Three years after taking over the reins at Nile Breweries Limited (NBL), Adu Rando, the Brazilian Managing Director of the AB InBev subsidiary, has been promoted to Global Director, BEES…
The Association of Chartered Certified Accountants (ACCA) Uganda and Deloitte Uganda last evening hosted the 9th Edition of the Chief Financial Officer (CFO) Awards at the Kampala Serena Hotel, celebrating…
Stanbic Bank Uganda’s Chief Finance and Value Management Officer, Ronald Makata, is the standout achiever at the 9th edition of the Uganda CFO Awards 2025, held last evening in Kampala, under the theme “CFO Vision: Creating Impact and Legacy.” Makata distinguished himself as a triple honouree, scooping top accolades in Compliance and Governance, Finance Transformation and Technology, and securing the First Runner-Up position for CFO of the Year—a testament to his exceptional leadership, strategic foresight, and impact in redefining finance excellence within Uganda’s banking sector. The CFO Awards, jointly organised by Deloitte Uganda and ACCA Uganda, celebrate finance professionals who…
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Concierge Group Ltd (TMCG)—the company behind Rocket Health—seeking temporary injunctions against its co-founder and former Chief Executive Officer, Dr. Davis Musinguzi Musiimenta. TMCG had asked the court to restrain Dr. Musinguzi from acting or holding himself out as a director of the company and from intermeddling in its management and affairs. The company also sought a second injunction compelling him to immediately hand over access to its digital systems—including Google Workspace, Amazon Web Services (AWS), social media management tools, and other cloud-based platforms—pending determination of the main suit. The application, filed as Miscellaneous Application No. 1408 of 2025, arose out…
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