Ugandan businesses maintained a broadly optimistic outlook through 2025, supported by steady order flows and firm expectations for the near term, even as credit conditions tightened and confidence eased toward the end of the year. The overall business confidence index averaged 58.3, remaining comfortably above the 50-point optimism threshold. Sentiment climbed to 59.5 in May, then slipped through the final quarter, reaching 56.2 in November before edging up to 57.2 in December. Future expectations outpace present conditions Businesses reported modestly positive operating conditions, generally in the mid-50s, while expectations for the next three months consistently remained stronger. Forward-looking confidence peaked…
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On the sidelines of the just-ended Annual Bankers Conference, CEO East Africa Magazine’s Paul Murungi caught up with Godfrey Sebaana, CEO of Diamond Trust Bank Uganda, for a quick dipstick on the bank’s performance and the state of the industry. In this brief but insightful exchange, Sebaana reflects on DTB’s growing balance sheet, healthy capital ratios, and strategic alignment with government-led growth sectors. He also shares the bank’s ambitions in the USD 1.4 billion remittance market, the opportunities of a well-capitalised industry now able to finance large-scale contracts locally, and the one thing about DTB that keeps him awake at…
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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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A consortium of commercial banks has initiated proceedings to auction off several prime properties belonging to the late billionaire businessman, Apollo Nyegamehe, popularly known as Aponye, in a sweeping debt recovery effort targeting loan arrears exceeding UGX 15 billion. According to sources close to the matter, dfcu Bank and the Uganda Development Bank (UDB) are among the financial institutions actively pursuing recovery of non-performing loans that were extended to Aponye’s business empire, primarily through his flagship company, Aponye (U) Limited. The debt portfolio, which has grown due to interest accumulation and prolonged non-repayment, is reportedly higher than initially estimated, with…
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In the heart of Budondo Sub-County, Jinja, a quiet revolution in health and wellness is unfolding—powered by avocado seeds and the visionary mind of one woman: Mubeezi Irene Lydia, founder…
In Uganda’s manufacturing landscape, where few family businesses live to see a second generation, the story of Crest Foam is a rare and remarkable show of resilience, reinvention, and a powerful mother-daughter partnership. Crest Foam sits on the eastern edge of Kampala, nestled between other factories and warehouses in the Ntinda Industrial Area. It is a quiet giant that hums to life every morning with rolls of flexible foam gliding down production lines. And for every mattress produced, another Ugandan family, somewhere across the country, gets to sleep on a product born from one family’s resilience. But behind the rise…
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Uganda’s economic model, widely known as “Musevenomics,” is facing a pivotal test, as stakeholders at the Musevenomics Conference 2025 called for bold reforms to address persistent gaps that threaten to…
Standard Chartered is set to invest in boosting regional trade, particularly between Uganda and the Middle East. The Middle East has emerged as one of the major export destinations for…
