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The Court of Appeal has ordered Standard Chartered Bank Uganda to pay Grace Tibihikira Makoko a total of over UGX 850 million in compensation following her unlawful dismissal from the bank in 2015. Delivering judgment in Civil Appeal No. 307 of 2020 on April 25, 2025, a panel comprising Justices Muzamiru Mutangula Kibeedi, Christopher Gashirabake, and John Kihika ruled that, although the original Industrial Court award had been excessive, Makoko was nonetheless entitled to significant compensation. Makoko, who had served as the Regional Head of Financial Markets and Wholesale Banking for East Africa, was terminated in 2015 without a hearing…
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Uganda’s insurance sector has for long been viewed as a male-dominated sector, however, the last decade has seen more women rise into leadership ranks. On this Women’s Day, the CEO Magazine profiles some of the exceptional female leaders making meaningful contributions and major career accomplishments. Sophie Nkuutu | UAP Old Mutual Life Assurance chairperson Mrs Nkuutu chairs the board of one of most profitable insurance companies in the life category in Uganda. UAP Old Mutual is the second largest insurance company in the life category with a market share of 17.9%. She has over 25 years of experience in…
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The Uganda Bankers’ Association’s Chairperson, Citibank’s Sarah Arapta is female too- the first woman to. Some financial institutions such as Finance Trust Bank- have taken it further by having an all-female Board Chairperson, CEO and Executive Director while others like Stanbic Bank, Uganda’s largest Bank and have both CEO and Executive Director as female. You could argue this is still under-representation, which it actually is, given that there are more females than males in the population, but given where we have come from, this is good progress. Some of the largest banks such as Stanbic where 45% is female and…
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