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April 20, 2026
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    Ibrahim Kaddunabbi Lubega has led Uganda’s Insurance Regulatory Authority since 2010, overseeing the sector’s growth from UGX 240 billion to over UGX 2 trillion. His long tenure has brought stability and expansion, but now faces scrutiny as questions emerge over term limits and the future leadership of the Authority.

    Who Will Be the Next Insurance Regulatory Authority CEO: Or Will Lubega Be Granted a Fourth Term?

    Jeff WintersThe Big StoryApril 20, 2026April 20, 2026

    As the clock ticks toward June, when the current term of Insurance Regulatory Authority (IRA) Chief Executive Officer Ibrahim Kaddunabbi Lubega is expected to expire, a quiet but palpable tension…

    In November 2024, President Museveni officially launched construction of the Kampala–Malaba Standard Gauge Railway, marking a major milestone in Uganda’s long-delayed efforts to modernise transport and boost regional connectivity.

    Uganda Turns to Citibank After Years of SGR Delays Over Financing

    Jeff WintersThe Big StoryApril 16, 2026April 16, 2026

    Uganda’s decision to contract Citibank to mobilise funding for its Standard Gauge Railway (SGR) marks a significant turning point for a project that has faced years of delays, largely due…

    Customers withdraw cash from an ATM, a routine transaction at the center of policy debate after government dropped plans to introduce a tax on all cash withdrawals.

    Govt Abandons Plan to Tax all Cash Withdrawals

    Jeff WintersThe Big StoryApril 2, 2026April 2, 2026

    Government has abandoned a proposed 0.25% excise duty on cash withdrawals from the financial system. The proposal, initially fronted under the 2026/27 Revenue Enhancement and Compliance Measures, was part of…

    A high-stakes standoff between Prism Construction, government, and Equity Bank threatens Emin Pasha Hotel properties and a Radisson project, exposing unpaid claims, missed directives, and escalating legal and financial risks.

    Ignored Presidential Directives in UGX34b Debt Push Emin Pasha Owner Toward Crisis as Equity Bank Again Targets Charged Properties and Puts Radisson Hotel Project at Risk

    Jeff WintersThe Big StoryMarch 30, 2026April 9, 2026

    A deepening financial and legal standoff between Prism Construction and government has escalated into a high-stakes crisis, with Equity Bank moving to realise securities, placing key properties linked to the…

    Proposed tax hike on second-hand clothes is likely to reignite debate, as government eyes revenue and industrial growth, sparking concerns over a possible spike in prices, worsened by weak local capacity, and potential disruption to Uganda’s garments sector.

    Tax on Used Clothes to Increase to 30%

    Jeff WintersThe Big StoryMarch 29, 2026March 29, 2026

    Government has revived its efforts to rein in the importation of second-hand clothing, proposing to double the surcharge from 15% to 30% under the 2026/27 Revenue Enhancement and Compliance Measures….

    Government says the proposed excise duty on all cash withdrawals aims to boost revenue and fairness, as Uganda grapples with high cash usage and pushes toward a more transparent, digital financial system.

    All Cash Withdrawals Now to be Taxed

    Jeff WintersThe Big StoryMarch 29, 2026March 29, 2026

    In a move that seeks to boost domestic revenue, government has proposed a new levy on all cash withdrawals across the financial system. The 2026/27 Revenue Enhancement and Compliance Measures…

    Ramathan Ggoobi is steering Uganda toward a new fiscal era, pairing fresh taxes with aggressive enforcement to raise nearly UGX 4.8 trillion. His strategy signals a shift from policy to compliance, betting that smarter collection, not just higher taxes, will unlock revenue and reshape how the country funds its development ambitions.

    Inside Ramathan Ggoobi’s Plan to Raise UGX 2.3 Trillion in New Taxes and UGX 2.54 Trillion Through Enforcement

    Jeff WintersThe Big StoryMarch 26, 2026March 26, 2026

    When Finance Minister Matia Kasaija tabled government’s latest revenue proposals, attention quickly fixated on one figure: UGX 2.3 trillion expected from new tax measures. But buried deeper in the annexes…

    Bank of Uganda Governor Michael Atingi-Ego, who now oversees the country’s banking supervision and resolution framework as the central bank confronts lingering questions about reforms following Parliament’s COSASE investigation.

    Seven Years After Parliament’s Probe into Controversial Bank Closures and Two More Failures Later: Has Bank of Uganda Learnt Anything?

    Muhereza KyamuteteraThe Big StoryMarch 6, 2026March 6, 2026

    Seven years ago, in February 2019, Parliament launched one of the most consequential investigations ever conducted into Uganda’s financial sector. The probe by the Committee on Commissions, Statutory Authorities and…

    Finance Trust Bank Managing Director Annet Mulindwa Nakawunde, Opportunity Bank Chief Executive Officer Owen Amanya, ABC Capital Chief Executive Officer Jesse Timbwa and Guaranty Trust Bank Managing Director Ali Fatima. The four executives have steered their institutions through the difficult transition from Tier I commercial banks to Tier II credit institutions amid Uganda’s tighter capital regime.

    A Leaner, Stronger Sector, But at a Price: The UGX150b Rule Behind Uganda’s Four Bank Downgrades and an Exit

    The CEO Magazine TeamThe Big StoryJanuary 29, 2026January 29, 2026

    When Bank of Uganda, on Thursday (January 29, 2026), announced that Finance Trust Bank had been authorised to transition from a Tier I commercial bank to a Tier II credit…

    Uganda’s real estate growth faces pressure from high taxes, costly borrowing, and limited deductions, raising rents and threatening investment unless rental tax policies are rebalanced to support sustainable development.

    Heavy Taxes, Thin Margins: Why Uganda’s Rental Tax Policy is Testing Real Estate Growth Potential

    CEO East Africa MagazineThe Big StoryDecember 31, 2025December 31, 2025

    On the surface, Uganda’s real estate sector appears to be thriving. Cranes dot Kampala’s skyline, mortgage uptake is rising, and Government revenue from corporate and rental income taxes continues to…

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    • Ibrahim Kaddunabbi Lubega has led Uganda’s Insurance Regulatory Authority since 2010, overseeing the sector’s growth from UGX 240 billion to over UGX 2 trillion. His long tenure has brought stability and expansion, but now faces scrutiny as questions emerge over term limits and the future leadership of the Authority.
      Who Will Be the Next Insurance Regulatory Authority CEO: Or Will Lubega Be Granted a Fourth Term?
      by Jeff Winters
      April 20, 2026
    • Victoria University Appoints Meera Ruparelia to Council, Signalling a New Era of Leadership
      by CEO East Africa Magazine
      April 20, 2026
    • Uganda Airlines Restores Airbus A330-800neo to Service, Boosts Dubai Flights After Fleet Disruptions
      by Paul Murungi
      April 20, 2026
    • Strengthening Governance and Environmental Responsibility: The 2026 Tax Procedure and Miscellaneous Bills
      by CEO East Africa Magazine
      April 20, 2026
    • When the Phones go off: How Power Shortages are Undermining Uganda’s Digital Economy
      by Paul Murungi
      April 19, 2026
    • Ugandan Banks Reject Sovereignty Bill, Cite Seven Grounds 
      by Paul Murungi
      April 18, 2026
    • UNOC’s Big Leap: Profits, Pressure, and the Race Against Time 
      by CEO Reporter
      April 18, 2026
    • Uganda Clays has returned to profit, but its recovery remains fragile. Thin margins, weak cash flows, and a UGX 23.6 billion NSSF loan, partly unsecured, highlight underlying risks. As repayments loom in 2028, the company’s ability to sustain growth and meet its obligations will be the true measure of its turnaround.
      Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure
      by Muhereza Kyamutetera
      April 18, 2026
    • Victoria University Named Among Nine Accredited to Train Pharmacists as PSU Tightens Standards
      by CEO East Africa Magazine
      April 18, 2026
    • FIA Executive Director Samuel Were Wandera and Justice Bonny Isaac Teko stand at the center of Uganda’s evolving anti-money laundering landscape, where assertive enforcement meets judicial insistence on due process, highlighting a system striving to balance swift intervention with evidence, oversight, and timely, lawful case resolution across institutions and sectors.
      79% of Cases Unfinished: Inside the Financial Intelligence Authority’s Fragile Fight Against Money Laundering
      by Muhereza Kyamutetera
      April 18, 2026

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