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March 10, 2026
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    MTN

    MTN Uganda’s rally on the USE continues to create massive wealth for top local investors. NSSF’s stake has surged past Shs1.23 trillion, while chairman Charles Mbire’s 4% holding is now worth about Shs420 billion ($118M) as the share price climbed from Shs312 in November to Shs470.

    NSSF Stake in MTN Uganda Shoots to Shs1.23 Trillion in Less Than a Month

    CEO East Africa MagazineThe Big StoryMarch 4, 2026March 4, 2026

    MTN’s strong rally on the Uganda Securities Exchange (USE) continues to create significant wealth for its large local shareholders, with the telecom’s share price climbing steadily from Shs312 in November…

    Investment Minister Evlyne Anite had until recently been the biggest push factor behind UTL’s revamp, while ICT Permanent Secretary Aminah Zaweede, is at the forefront of a ministry that holds majority of government’s equity in UTCL. The appointment of Paul Patrick Ikopit as UTCL chief executive officer in April had carried hope, but it seems to be fading. Nearly a year after government announced a major private equity-backed revival, Uganda Telecom’s rebrand remains stalled, with promised capital yet to materialise as competition in the telecom market intensifies.

    Left in limbo: The UTL Revival and Rebrand Being Tested by a Capital Promise that has Refused to Arrive

    CEO East Africa MagazineThe Big StoryFebruary 4, 2026February 4, 2026

    For nearly a decade now, state-owned telecom has been locked in a cycle of crisis and hopeful relaunches. The story of the Uganda Telecom Limited (UTL) revamp is one of…

    Peter Magona believes the future of advertising will be decided by how quickly agencies learn to work with AI, not fight it. With clients already using powerful tools, he argues that relevance now depends on integration, combining human insight, strategic judgment, and creative instinct with AI’s speed, scale, and analytical power before the gap becomes impossible to close.

    AI, Automation & the Future Adman: How Technology Will Rewrite the Advertising Industry

    Jeff WintersThe Big StoryDecember 16, 2025December 16, 2025

    If the first four parts of this MadMen, Dreamers and Deal-Makers series were about the machine, how it was built from accidents, battered by economics, bruised by burnout, and handed…

    A photo montage of Knight Frank’s Judy Rugasira Kyanda, Broll Property’s Moses Lutalo, Quality Chemical’s Ajay Kumar Pal, Stanbic Bank CFO Ronald Makata, MTN CFO Andrew Bugembe, and Innovex’s Douglas Baguma. Uganda’s CEOs and CFOs are navigating a tight-liquidity economy where money is costly and slow-moving. Discipline, smarter capital allocation, and tighter risk management now define survival as companies rethink growth, debt, and currency exposure.

    Surviving in a Cash-Crunch Economy: How CEOs, CFOs are Managing Debt, Forex, and Capital in a Tight Liquidity Market

    Jeff WintersThe Big StoryNovember 17, 2025November 19, 2025

    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…

    M-PESA Africa Managing Director Sitoyo Lopokoiyit speaks at the 2025 Fintechs Annual Gathering in Kampala, urging Africa to shape its own digital destiny through innovation, youth empowerment, and regional collaboration.

    Building Africa’s Fintect Sovereignty: What we Learn from M-PESA’s Ambitious Vision and the Risk of a Possible New Wave of Digital Colonialism

    Jeff WintersThe Big StoryOctober 24, 2025October 23, 2025

    At the 2025 Fintechs Annual Gathering in Kampala, Sitoyo Lopokoiyit, the M-PESA Africa managing director, delivered one of the event’s most compelling keynotes, part warning, part vision, and wholly inspiring….

    A photo collage of Bank of Baroda Managing Director Shashi Dhar, Quality Chemical Managing Director Ajay Kumar Pal, Stanbic Holdings Chief Executive Francis Karuhanga, Umeme Managing Director Selestino Babungi, and Airtel Uganda Managing Director Soumendra Sahu. The five companies delivered standout returns for the period between January and September 2025.

    Black Diamonds: Five Stocks that Beat Bonds and NSSF in Returns

    CEO East Africa MagazineThe Big StoryOctober 2, 2025October 10, 2025

    The stock market continues to deliver standout opportunities for investors. Five locally listed companies posted exceptional returns that outpaced both government bonds and the National Social Security Fund (NSSF). The…

    The Baitwa brothers, Geoffrey Baitwa Bihamaiso and Oscar Rolands Baitwa Businge, are now on the road seeking to recover from a riotous past that has been characterized by multiple court battles.

    Three Ways Shipping: The Baitwa Brothers’ Riotous Decade of Court Battles and Their Bid for Reorganisation   

    CEO East Africa MagazineThe Big StorySeptember 26, 2025October 7, 2025

    On September 4, 2025, Justice Susan Odongo of the Commercial Court Division of the High Court in Kampala ruled against an application by the Baitwa brothers and their company to…

    For years, the telecom sector has been transformed into a duopoly, largely controlled by MTN and Airtel.

    Uganda Finally Activates Competition Law With New Regulations

    Jeff WintersThe Big StorySeptember 25, 2025September 25, 2025

    After a year in legal limbo, Uganda’s Competition Act has finally come to life. The Competition Regulations, 2025, are now in force, setting the stage for active enforcement of antitrust…

    Wendi by PostBank Trains Over 5,000 in Kampala, Wakiso, and Mukono to Accelerate Financial Inclusion 

    Paul MurungiBanking & Financial ServicesCompany NewsAugust 20, 2025August 20, 2025

    In a bold move to deepen financial inclusion across Uganda, Wendi, a digital mobile wallet developed by PostBank Uganda which has embarked on a journey to rebrand to Pearl Bank,…

    Bank of Uganda Governor Michael Ating-Ego speaks during the Uganda Bankers' Association Annual Conference in Kampala. Remittances from Ugandans working overseas had by 2024, according Bank of Uganda, reached $1.5b, up from $1.1b in 2016.

    Uganda’s Most Underused Asset: Why the Remittance System Needs a Total Rebuild

    Jeff WintersThe Big StoryAugust 8, 2025August 8, 2025

    Imagine Amina, a young mother in Kampala, waiting every month for money sent by her brother working abroad. That money pays for her children’s school fees, medicine, and food. But…

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