Following the 2016 seizure and subsequent sale of Crane Bank, a bank where Dr. Sudhir Ruparelia was the second biggest majority shareholder, the businessman put up a spirited quest for justice. This 2019 he secured several wins, not just for himself alone but for several other shareholders who had lost their banks in a similar manner. Regardless of the closure of the bank, the businessman has steadied course focusing most of his energies in real estate, hospitality, education and philanthropy. For this and more, he has been named the CEO EA Magazine’s Business Person of the Year, 2019.
Since he became a SafeBoda rider in 2015, Kyanzi Abdul-Karim has transported 9,903 passengers over a distance of 99,030 kilometers- that is an equivalent of riding to London and back by road. Kyanzi’s passengers, can fit in 174 buses or 707 commuter taxis.
Mr. Jean-Michel Pons took up the Country CEO role at Hima Cement Ltd this June 2019 from Moldova, where he was the Country CEO for LafargeHolcim. He joined the LafargeHolcim Group in 2011 and has had the privilege to work in several markets across the world, including Russia, Serbia, Chile, Algeria and France in various business development roles. In this exclusive media interview, he tells CEO East Africa’s Muhereza Kyamutetera his assessment of the Ugandan cement market and his growth strategy amidst rising competition.
The High Court, on Thursday, 19th December 2019 temporality stopped Capital Markets Authority (CMA) from cancelling the license of ALTX East Africa Limited until the main suit, challenging the legality of the closure itself if heard and disposed of. In this earlier interview with CEO East Africa Magazine, CMA chief, Keith Kalyegira explains why ALTX East Africa was being shown the exit and dismisses claims that they were never given time to defend themselves.
The High Court, on Thursday, 19th December 2019 stopped Capital Markets Authority (CMA) from cancelling the license of ALTX East Africa Limited. Launched in 2014, by Joseph Kitamirike, the former…
Today, 19th December 2019, Tony Okao Otoa will pass out yet another cohort of SME executives, after a 3 months rigorous business mentoring and coaching in all aspects of business at Stanbic Bank’s The Business Incubator programme. Otoa’s job is no ordinary job- he teaches or rather is a sort of headmaster for an ‘institution’ that teaches Ugandan businesses how to do business in a business-like manner.
Born out of a need to prop up SMEs that are Uganda’s engine of growth, by Stanbic Bank, Uganda’s biggest bank and initially tailored for SMEs focused on serving the nascent oil and gas industry, the programme has quickly gained demand across the entire SMEs and start-up spectrum. The Oxford Brookes University alumni, who has spent a better part of his career in supporting national/local content in the oil and gas sector, in this interview with CEO East Africa’s Muhereza Kyamutetera, passionately shares lessons learnt, successes made but more importantly, what more needs to be done- to build a thriving SME ecosystem in Uganda- beyond just words and the usual grandstanding.
According to a source at the Uganda Securities Exchange (USE), IFU reportedly paid UGX645 per share, meaning they paid UGX48.1 billion for the 74,580,276 shares. The deal values dfcu at UGX482.5 billion.
President Yoweri Kaguta Museveni today, officially opened the inaugural National ICT Innovation Expo with a pledge to cut down on imported solutions and increased funding for ICT innovators. President Museveni,…
By Joshua Masinde For two decades, most of the population in northern Uganda lived in internally displaced people’s camps and depended on food aid and other relief emergencies for their…
By Brian Tahinduka With a budget of UGX648 billion the financial year 2019/20, the Uganda National Roads Authority (UNRA) is constructing an additional 900 kilometres of paved roads across Uganda…
