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April 20, 2026
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    Ministry of Finance

    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…

    Josephine Okui Ossiya, Chief Executive Officer of Capital Markets Authority, reflects on three decades of market growth, highlighting regulatory innovation, investor confidence, and a vision to position capital markets at the center of Uganda’s economic transformation and future development.

    CMA @30: The Story of Uganda’s Capital Markets – Milestones, Growth, Challenges and the Road Ahead

    Kisakye ImaniThe Big StoryApril 15, 2026April 15, 2026

    As Uganda’s capital markets mark three decades of growth, the Capital Markets Authority (CMA) stands at a pivotal moment; transitioning from building foundational structures to driving transformative impact. Since its…

    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…

    Under the new proposal, promoters will be required to deduct 6% and 15% withholding tax from payments to local and international artists, respectively, as government moves to tighten compliance in Uganda’s informal entertainment sector starting 2026/27.

    Promoters Will be Required to Withhold 6% or 15% on Payments Made to Artists in New Tax Measures

    Jeff WintersThe Big StoryMarch 27, 2026March 27, 2026

    Starting the next financial year (2026/27), promoters will be required to withhold a 6% tax on any payments made to local artists and public entertainers. Under the new tax measure,…

    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…

    Simon Byabakama, Chairperson of the Electoral Commission, Abas Byakagaba, Inspector General of Police, and Johnson Byabashaija, Commissioner General of the Uganda Prisons Service, oversee the institutions responsible for administering, securing, and supporting the 2026 Presidential and Parliamentary elections.

    Inside the UGX1.1 trillion election budget

    CEO East Africa MagazineThe Big StoryJanuary 12, 2026January 12, 2026

    As Uganda heads into the much-awaited Presidential and Parliamentary elections this Thursday, January 15, 2026, the country will be voting in a process that has been financed through one of…

    UMEME’s share price climb signals investor focus shifting from an expired concession to the London arbitration, where potential compensation and settlement outcomes could unlock significant post-concession value.

    UMEME’s Share Price Surge: What is the Market Beginning to Price In?

    CEO East Africa MagazineThe Big StoryJanuary 2, 2026January 2, 2026

    When UMEME’s concession ended in March last year, the market assumed finality. Power lines would keep running, but value, many believed, had gone with the concession. The share price, according…

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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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