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TodayTuesday, May 05, 2026

East Africa Business News- Page 3

Left to right: A photo collage of Old Mutual Executives — Arthur Oginga, CEO of Old Mutual East Africa; Patrick Kimathi, Managing Director of UAP Old Mutual Life Assurance; Stephen Chikovore, Managing Director of Old Mutual Insurance; and Zac Kisesi, Managing Director of Old Mutual Investment Group. Together, they represent the leadership driving Old Mutual Uganda’s strategic evolution — aligning the brand with its Pan-African identity while navigating a fast-changing financial landscape where scale, innovation, and agility will define the next era of competition.
Left to right: A photo collage of Old Mutual Executives — Arthur Oginga, CEO of Old Mutual East Africa; Patrick Kimathi, Managing Director of UAP Old Mutual Life Assurance; Stephen Chikovore, Managing Director of Old Mutual Insurance; and Zac Kisesi, Managing Director of Old Mutual Investment Group. Together, they represent the leadership driving Old Mutual Uganda’s strategic evolution — aligning the brand with its Pan-African identity while navigating a fast-changing financial landscape where scale, innovation, and agility will define the next era of competition.

Old Mutual Uganda Aligns with Pan-African Identity Amid Shifting Market Realities as Rivals Close In

The green flame of Old Mutual is set to burn bright in Uganda. After nearly a decade of operating under the green and red hybrid identity of UAP Old Mutual, the financial
October 14, 2025
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Muwanguzi believes Uganda’s future lies in safeguarding Ugandanness in technology — a form of techno-nationalism that protects the middle layer where SMEs thrive, nurtures young talent, and keeps value at home. From battling rejection to building Pegasus into one of Uganda’s most influential fintechs, he argues that visionary leadership, hard work, and fair competition are the real engines of job creation and economic resilience.
Ronald Muwanguzi Co-founder and Director at Pegasus Technologies, believes Uganda’s future lies in safeguarding Ugandanness in technology — a form of techno-nationalism that protects the middle layer where SMEs thrive, nurtures young talent, and keeps value at home. From battling rejection to building Pegasus into one of Uganda’s most influential fintechs, he argues that visionary leadership, hard work, and fair competition are the real engines of job creation and economic resilience.

AI, Regulation, and Protecting the Future of Ugandan Fintechs: Hard-Learned Lessons from Pegasus Technologies’ Founder, Ronald Muwanguzi

In this conversation with CEO East Africa Magazine’s Muhereza Kyamutetera, Muwanguzi reflects on 17 years of building Pegasus, the grit it took to win boardroom trust without relying on political connections, and
September 29, 2025
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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.”
From left to right: Hassanein Hiridjee, Geoffrey Donnels Oketayot, George Arthur Ssamula, and Ronald Onzia — the key figures in the high-stakes battle over Ubuntu Towers (later renamed TowerCo of Africa). The Ugandan founders accuse Hiridjee and his Mauritius-based TowerCo of orchestrating a fraudulent takeover of their company, sparking one of the most consequential shareholder disputes in Uganda’s telecom sector.

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

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. Within months,
September 25, 2025
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.
KCB Bank Uganda Managing Director, Edgar Byamah (right), with Acting Head of IT, Willies Ochola. The two are at the center of efforts to restore confidence after the UGX 3.2 billion agent banking breach.

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

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 has since
September 25, 2025
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.
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

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 to customers.
September 25, 2025
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.
Left to right: Ruth Namuli, incoming CEO of SanlamAllianz Uganda General Insurance; Gary Corbit, CEO of SanlamAllianz Life; and Paul Kavuma, outgoing CEO of Jubilee Allianz Uganda.

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

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 and Jubilee
September 23, 2025
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Dr. Alex Oketch, newly appointed General Manager for East Africa at GE HealthCare. His appointment follows a successful tenure as Interim General Manager.

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

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 deepening its
September 17, 2025
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