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December 5, 2025
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    East Africa Business News

    Uganda telecom tower ownership dispute: Ubuntu Towers founders Geoffrey Donnels Oketayot, Ronald Onzia, and George Arthur Ssamula in legal battle with TowerCo of Africa Ltd (Mauritius) led by billionaire Hassanein Hiridjee, over alleged fraudulent share acquisition, corporate oppression, and takeover of Ubuntu Towers (later renamed TowerCo of Africa Uganda). Case involves MTN Uganda, Airtel contracts, and ongoing High Court proceedings in Kampala.”

    Ugandan Founders Lock Horns with TowerCo of Africa and Hassanein Hiridjee, its billionaire founder, in High-Stakes Telecom Battle

    Muhereza KyamuteteraThe Big StorySeptember 25, 2025September 25, 2025

    In 2019, three Ugandan entrepreneurs — Geoffrey Donnels Oketayot, Ronald Onzia, and George Arthur Ssamula — set out to disrupt the telecom tower industry by founding Ubuntu Towers Uganda Ltd….

    Photo shows KCB Bank Uganda Managing Director Edgar Byamah (right) with Acting Head of IT Willies Ochola. The two executives are leading efforts to strengthen IT oversight, restore customer confidence, and address the UGX 3.2 billion agent banking fraud breach. The incident highlights insider fraud risks, cybercrime threats, and vulnerabilities in Uganda’s fast-growing banking sector, as reported by CEO East Africa Magazine and Uganda Business News.

    Inside the KCB Bank Uganda Agency Banking System Breach: This Is What We Know So Far

    CEO East Africa MagazineThe Big StorySeptember 25, 2025September 25, 2025

    Following a brazen system breach that manipulated the agency banking platform to leading it to make double transactions to bank agents requesting float, CEO East Africa Magazine understands the system…

    Doreen A. Muhangazi, Chief People and Strategy Officer at Pearl Bank Uganda, captured during an exclusive interview on the Bank’s rebrand from PostBank to Pearl Bank. She highlights the new identity as a promise of shared prosperity, rooted in sustainable financial inclusion and entrepreneurship.

    EXCLUSIVE Q&A: Why Uganda’s Postbank Is Rebranding To Pearl Bank  And What It Means For Stakeholders

    Muhereza KyamuteteraNews & AnalysisThe Big StorySeptember 25, 2025October 10, 2025

    Now, in a defining moment, the institution is ushering in a new chapter by rebranding to Pearl Bank Uganda Limited—a transformation anchored in its five-year strategic plan and its enduring…

    The case began with consumer complaints in Uganda, Kenya and Egypt. Riders reported being charged more than the fare shown at booking, drivers cancelling after long waits, and being billed for rides that never materialized.

    No More Copy-Paste Contracts: How COMESA Rewrote Uber’s Rules in Africa

    Jeff WintersThe Big StorySeptember 25, 2025September 25, 2025

    After a two-year probe, COMESA’s Competition Commission has forced Uber to rewrite parts of its rider contract. The Commission says the parts of the contracts mislead and unfairly tilt risk…

    Photo collage showing Ruth Namuli, incoming CEO of SanlamAllianz Uganda General Insurance; Gary Corbit, CEO of SanlamAllianz Life; and Paul Kavuma, outgoing CEO of Jubilee Allianz Uganda, posed in professional headshots.

    EXCLUSIVE: Ruth Namuli to Lead SanlamAllianz Uganda, Poised to Become the Market’s New No.1 Insurer

    Muhereza KyamuteteraThe Big StoryWomen In LeadershipSeptember 23, 2025October 7, 2025

    Ruth Namuli, previously the Chief Executive Officer of Sanlam General Insurance, has emerged as the Chief Executive Officer of SanlamAllianz Uganda General Insurance, the newly merged entity of Sanlam General…

    East Africa’s Bank Governors Shine in Global Central Banker Rankings

    Paul MurungiBanking & InsuranceThe Big StorySeptember 17, 2025September 17, 2025

     East Africa’s monetary chiefs, Michael Atingi-Ego of Uganda and Kamau Thugge of Kenya, have emerged among the world’s best-performing central bankers, according to London-based Global Finance Magazine’s 2025 Central Banker…

    GE HealthCare Appoints Dr. Alex Oketch, East Africa General Manager

    Muhereza KyamuteteraCompany NewsProfilesSeptember 17, 2025September 17, 2025

    GE HealthCare, a leading global MedTech company headquartered in Chicago, Illinois, has appointed Dr. Alex Oketch as General Manager for East Africa. The leadership transition reinforces the company’s commitment to…

    With brands like Tusker, Bell, and Kenya Cane entrenched across the region, and a 14% foothold in Tanzania’s fast-growing beer market, EABL’s enterprise value is estimated at $2.8 billion.

    Record AGM Backs EABL Management and Board Amid Diageo Exit Talk

    Jeff WintersThe Big StorySeptember 17, 2025September 17, 2025

    East African Breweries Limited (EABL) has secured overwhelming shareholder backing. At its 103rd virtual annual general meeting – even as speculation intensifies over Diageo’s planned scale down – EABL, on…

    (Left to right): Stanbic’s Executive Director and Head, Personal & Private Banking, Samuel F. Mwogeza, Head of Wealth and Investment, Bernice Mvano, Head of Personal Banking, Israel Arinaitwe and Head of Private Banking, Arthur Kiwanuka. The team is reshaping how families think about money, legacy, and the futures yet to be written.

    Building Generational Wealth: Inside Stanbic’s Personal & Private Banking Transformation

    Paul MurungiThe Big StorySeptember 11, 2025September 16, 2025

    In a fast-changing Uganda, the definition of wealth is shifting. It’s no longer just about today’s comfort — it’s about building legacies that last. Across the country, more people are…

    John Chihi, Founder and Lead Consultant at Media Age PR, engaging in moments that reflect his leadership, storytelling, and contributions to Uganda’s public relations industry.

    Media Age PR‘s John Chihi: The Quiet Architect of Uganda’s Modern PR Agencies Industry

    Muhereza KyamuteteraProfilesQ + AsThe Big StorySeptember 4, 2025September 10, 2025

    From his early media days at Kenya Broadcasting Corporation and Nation Media Group to a career-defining Coca-Cola assignment that brought him to Kampala, Chihi recounts the evolution of PR from…

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    Latest Stories

    • Ugandan enterprises urged to explore regional oil and gas opportunities
      by Brian Emorut
      December 5, 2025
    • Uganda to host WFP Global Fleet Hub, establish unique humanitarian plates
      by Brian Emorut
      December 4, 2025
    • Ugandan Enterprises urged to prepare for production-phase opportunities in Oil and Gas
      by Brian Emorut
      December 4, 2025
    • 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
      by CEO East Africa Magazine
      December 4, 2025
    • The Tax Appeals Tribunal backs URA in Nile Breweries export row, finding Kabaco and Ituri were buyers, not agents. Beer sold locally then exported, triggering VAT and excise; assessments upheld.
      The Nile Breweries-URA UGX 18.5 Billion Fight: When ‘Export’ Became the Battleground That NBL Eventually Lost
      by CEO East Africa Magazine
      December 4, 2025
    • Equity Bank Champions Second Gulu Marathon
      by Brian Emorut
      December 4, 2025
    • Kenya Gov’t to Sell 15% Safaricom Stake to Vodacom in KShs 245 Billion (UGX 6.6 Trillion) Deal
      by Paul Murungi
      December 4, 2025
    • Pearl Bank CFO Peter Ssenyange (CFO of the Year 2025) on Culture and the Modern Financial Leader’s Purpose 
      by Paul Murungi
      December 4, 2025
    • Companies Rise or Fall on How Well They Renew Their Leaders
      by Guest Writer
      December 4, 2025
    • Uganda’s property market mirrors the macro: steady growth, low inflation and a firm shilling support demand. Urbanisation and new industrial cities spread opportunity, but quality supply remains scarce in 2026.
      The Future of Uganda’s Property Market and Where to Invest in 2026
      by Jeff Winters
      December 4, 2025
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