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On September 4, 2025, Justice Susan Odongo of the Commercial Court Division of the High Court in Kampala ruled against an application by the Baitwa brothers and their company to set aside a garnishee order. The order froze accounts of Three Ways Shipping Services (Group) in Stanbic and Standard Chartered, clearing the path for recovery of a $126,000 debt owed to Kenyan firm Transpares. The Baitwa brothers, Geoffrey Baitwa Bihamaiso and Oscar Rolands Baitwa Businge, had argued that they and their Ugandan group company were distinct from the Kenyan subsidiary that incurred the debt. But Justice Odongo dismissed this defence,…
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Airtel Uganda has appointed Counsel Godfrey Bakibinga as the new Director of Legal and Regulatory Affairs replacing Counsel Dennis Kakonge who resigned from the position with effect from 30th November, 2024, according to a statement signed off by Board Chairman, Hannington Karuhanga. Kakonge in a LinkedIn update has been appointed as General Manager, Corporate Services and Company Secretary at MTN Uganda. Kakonge spent 14 years at Airtel as Legal and Regulatory Director. Mr Bakibinga assumed his duties as Company Secretary/Legal & Regulatory Director, effective 1st December 2024. Before the new appointment, Bakibinga was the Senior Manager – Legal and Regulatory…
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The story of Bro-Group is your typical Ugandan ingenuity and resilience against all odds, strung together by a dose of optimism for a better new day. In 1990, two brothers, Jeff Baitwa and Oscar Baitwa, set out to build a courier and freight forward business. Between 1994 and 2007, the brothers built the idea into Bro-Group, a thriving logistics enterprise with three subsidiaries⏤ Threeways Shipping Co, Threeways Distribution, and Transtrac. On 6th January 2006 Uganda struck commercial quantities of oil and gas on its mid-western border with the Democratic Republic of Congo stimulating increased investment into especially further exploration and…
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The sale of Airtel Uganda’s 20% shares in what is now Uganda’s second-biggest initial Public Offering (IPO) closes this Friday, October 13th 2023. If you haven’t yet bought shares in the telco, which is now Uganda’s fastest-growing telco for the last 10 years, you have just 2 days to go. Many an analyst and investment banks such as Old Mutual Investment Group, Dyer and Blair as well as investors like Dr. Sudhir Ruparelia have given the IPO a good “buy” rating citing the telco’s past above-industry growth as well as positive industry projections, make the Airtel IPO a compelling…
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Ahead of its Initial Public Offering, which the company says happening “so soon”, Airtel Uganda has revealed that it made a net profit of UGX326 billion for the year ended 31st December 2022. This was revealed by Mr. Manoj Murali, the telco’s Managing Director, at today’s press conference, held to brief the media on its intended publishing of a prospectus and floating of shares on Uganda’s main investment market segment- the Uganda Securities Exchange. “We are currently the co-leader in the market with 49% revenue and 47.3% subscriber market share, respectively. The Company has 13.8 million active subscribers across 146…
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