Money remains expensive in Uganda. Bank of Uganda has kept its Central Bank Rate (CBR) at 9.75% since August 2025, one of the longest periods without adjustment. The message is clear: maintain macro stability in a world still shaken by global shocks, even if it means keeping domestic credit costly. In practice, this stance raises funding costs for banks, which then pass them on to businesses and households. Inflation eased to 3.4% in October, down from 4% in September, but that only widens the spread between the policy rate and inflation—now over 600 basis points. This makes Uganda’s real interest…
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As Knight Frank Uganda marks 25 years, how would you sum up what this milestone represents — for you as a leader, and for the legacy you’ve helped build? Twenty-five…
How has faith influenced your leadership style at Knight Frank Uganda? My faith is the foundation of my leadership style – it shapes how I define success and how I…
Over the last 30 years, Knight Frank has dominated the real estate sector in Kampala and Uganda, by extension. This elite property firm offers valuation and consultancy services, residential and commercial agency, and property management. Over the years, Knight Frank has curved a niche market on which it has built a large commercial and residential agency portfolio that promises and offers satisfaction for both sole-occupant and multi-tenanted clients. However, behind this success the constant remains Mrs Kyanda, who, as managing director, has more than two decades propelled Knight Frank above the rest in a relatively fragile real estate sector that…
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Moses Dennis Lutalo, the Country Manager of Broll Uganda, a subsidiary of Broll Property Group, a pan-African commercial property services company, is in the eye of the storm following a court ruling that found that he helped his employer, Broll Uganda, to infringe on the moral rights to the copyright of an industry Retail Market Study Report by Knight Frank Uganda, his former employer. During his employment at Knight Frank, Lutalo had unrestricted access to the Retail Market Study Report, which included confidential information, such as details about upcoming commercial projects in Kampala. A year after Lutalo joined Broll, the…
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Hardly two years after arriving in Uganda to take up her very first CEO role at Uganda’s largest telco, MTN Uganda, Sylvia Mulinge has emerged as Uganda’s most admired CEO, in the CEO East Africa Magazine’s inaugural 100 Leading & Most Admired CEOs In Uganda Survey. The 2-in-1 CEO East Africa Magazine’s Most Trusted and Respected Companies & The Most Admired CEOs in Uganda Survey 2024 is part of the magazine’s thought leadership agenda that seeks to create a body of knowledge on what exactly great companies and great leaders are made of, as well as recognise them. “This, we…
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Acacia Mall one of Uganda’s prestigious and much sought-after malls has been sold. Alykhan Karmali’s Gulfstream Investments (U) Ltd, an investment vehicle through which he owned property, according to very knowledgeable sources, a while ago sold all its interests in Acacia Mall to Lexington Properties and is reportedly focusing on investing in the more lucrative and investor-friendly Dubai real estate market. Lexington Properties is a subsidiary company of the Sarrai Group- a conglomerate of diverse inter-related agro-manufacturing, cement, and foam mattresses as well as properties across East and Southern Africa. According to industry sources, Alykhan Karmali didn’t necessarily sell for…
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In the report released on January 13th 2023, covering the six months to December 2022, Knight Frank, observed that “2022 was a year of resilience, circumspection, and optimism” and that despite slow economic recovery dogged by local and international challenges, such as inflation, the Ukraine war and lag effects of Covid-19, there was some remarkable rebound in the real estate sector. “Across the different real estate sub-sectors, the post-pandemic recovery was optimistic, with demand and supply indicators pointing to positive growth on a year-on-year comparison,” the report said. CEO East Africa Magazine’s Muhereza Kyamutetera read the report and presents some…
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“An experienced seasoned banker”; “even-tempered gentleman”; “skilled, trusted and with strong integrity”; “humble giant with enormous grit” and the “right man for the job” are some of the words that various leaders, that CEO East Africa Magazine used to describe Anthony. The glowing tribute complements, that of Mark Ocitti, the bank’s chairman, who also expressed confidence in Anthony’s institutional knowledge and experience. “We are confident that Anthony will build on his institutional knowledge and work together with his immediate predecessor and Equity Uganda staff to push Equity Uganda to the next level of growth,” Mr Ocitti said, in the statement…
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Judy Rugasira Kyanda, the Knight Frank Uganda Managing Director is many things— a trailblazing entrepreneur, an industry leader, a thought leader and a mother. She is one of Uganda’s foremost property management professionals, if not the best as well. Judy is also a commercially and technically savvy Chartered Surveyor, a member of the Royal Institute of Chartered Surveyors, a Fellow of the Institution of Surveyors of Uganda and a registered member of the Institute of Real Property Valuers in Rwanda. She holds a BSc (Hons) in Land Management, from the University of Reading, in the United Kingdom in 1995, she…
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