East African Breweries Plc (EABL) has announced the resignation of its Chief Financial Officer and Executive Director, Risper Ohaga, marking a significant leadership transition at the regional brewing giant at a time of major ownership change. In a public notice, the EABL board said Ms Ohaga will step down from her roles effective 30 June 2026 to pursue interests outside the group, bringing to a close a tenure that began in February 2020. The board credited Ms Ohaga with steering the company through a period of economic disruption and recovery, including the Covid-19 pandemic, while strengthening financial controls, governance and…
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The Development Bank of Rwanda (BRD) has appointed Ms. Stella Rusine Ntez as its new Chief Executive Officer, subject to regulatory approval, marking a leadership transition that blends continuity with renewed stewardship at the country’s development finance institution. Ms. Ntez, a long-serving member of BRD’s Board of Directors, steps into the role with deep institutional knowledge and extensive experience in macroeconomic and fiscal policy. Her appointment signals the Board’s confidence in internal leadership at a time when development finance institutions are under increasing pressure to deliver both financial sustainability and measurable national impact. She joins the executive role from Rwanda’s…
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Old Mutual Insurance Uganda, Uganda’s No.1 general insurer, has announced that its Managing Director and Chief Executive Officer, Stephen Chikovore, will step down from his role effective 31 January 2026. His exit comes at a critical inflection point for Uganda’s general insurance market, just as Sanlam General Insurance and Jubilee Allianz General Insurance have completed their merger, creating SanlamAllianz General Insurance—a significantly stronger and well-capitalised number-two competitor in the market. The leadership transition was formally communicated in a public notice shared with CEO East Africa Magazine, in which the company stated: “Old Mutual Insurance Uganda announces a leadership transition of…
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Different generations of family business leaders and stakeholders, including financial experts, convened at Four Points by Sheraton, in Kampala, on Friday, October 17, for the third annual Enjovu Family Business…
In a surprise move, global beverage giant Diageo plc has announced the immediate departure of its Chief Executive Officer, Debra Crew, two years after officially taking the helm. The decision,…
Dr. Davis Musinguzi was once hailed as a visionary for pioneering Uganda’s telemedicine frontier with Rocket Health — a bold venture that sought to redefine how millions of Ugandans accessed…
The Keshwala Group, one of Uganda’s largest privately held conglomerates, is undergoing a leadership transition that marks its third generation of family stewardship. Established in the 1950s as a small textile outlet in Jinja, the Group has evolved into a diversified business spanning manufacturing, logistics, steel, packaging, and distribution, with a presence across Uganda and the East African region. At the center of the transition is Sagar Keshwala, currently Managing Director, who is widely seen as the next-generation leader poised to carry forward the vision set by his grandfather, Viram Giga Keshwala, and significantly expanded by his father, Ranmal Viram…
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Stanbic Bank Uganda, the country’s largest lender by assets, revenue, and deposits, has today, March 3, 2025, officially welcomed Mumba Kenneth Kalifungwa as its new Chief Executive. His appointment, first…
Sheena Ruparelia has established herself as a prominent force in Uganda’s business and socio-economic landscape, building on the foundation laid by her father, Dr. Sudhir Ruparelia. As a Director at the Ruparelia Group—one of Uganda’s largest and most diversified conglomerates—Sheena has embraced her father’s legacy of entrepreneurship, innovation, and community impact while carving her unique path in the business world. Educated at London’s City University with a degree in Economics and Accountancy, Sheena began her journey with the Ruparelia Group humbly, working as a cashier at the now-defunct Crane Bank. Her rise through the ranks was fueled by exceptional talent…
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Today, Equity Bank Uganda announced Gift Shoko as its new Managing Director designate. The decision signals a bold step to stabilise the bank after a tumultuous 2024. Shoko, a veteran with over 26 years of banking experience across Southern and Eastern Africa, takes the helm at a time when the bank is grappling with multiple challenges, from digital fraud to a struggling balance sheet. While his appointment has been met with optimism, the road to recovery is fraught with significant hurdles that will test his leadership, innovation, and ability to rebuild trust. A Year of Turmoil Equity Bank Uganda has…
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