distribution Archives – CEO East Africa

3rd Generation Succession: Is Sagar Keshwala the Heir Apparent to the Multibillion-Dollar Keshwala Group?

Paul MurungiThe Big StoryJuly 10, 2025July 10, 2025

The Keshwala Group, one of Uganda’s largest privately held conglomerates, is undergoing a leadership transition that marks its third generation of family stewardship. Established in the 1950s as a small…

UEDCL Acquires More UGX 91 billion Loan From Absa Bank To Refurbish Dilapidated Electricity Infrastructure

Paul MurungiNews & Analysis Politics & Goverment The Big StoryMay 23, 2025May 23, 2025

Uganda Electricity Distribution Company Limited (UEDCL), which has managed the country’s electricity distribution assets for 53 days since Umeme’s exit, has secured a USD 25 million (UGX 91 billion) loan…

Gov’t turns to Absa Bank for UGX 183 billion loan to fund UEDCL’s takeover from Umeme

Paul MurungiBanking & Financial Services News & Analysis The Big StoryMarch 19, 2025March 19, 2025

Government, through Ministry of Finance is seeking about $ 50 million (UGX 183 billion) from Absa Bank as capital investment into the Uganda Electricity Distribution Company Limited (UEDCL) to fully…