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Uganda’s financial sector is entering a new era of oversight. Bank of Uganda (BoU) has issued Guidelines on Financial Holding Companies, 2025. This is a sweeping framework that reshapes how banking groups are structured, supervised, and governed. The guidelines, which took effect on 1 November 2025, close long-standing regulatory gaps. They also bring Uganda in line with global standards. But beyond legal jargon, what do these guidelines actually mean for banks, holding companies, and the wider financial landscape? It’s significant for Bank of Uganda in implementing enhanced measures. Stricter group-wide supervision is now the norm For years, banks have reorganized…
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Innocent Kihika is a Partner at Shonubi Musoke & Co Advocates. He is one of the most respected lawyers in oil and gas. He obtained a Bachelor of Laws from Makerere University, Uganda, a Diploma in Legal Practice from Law Development Centre, Uganda and a Post Graduate Diploma in Telecommunication and Information Technology Law- University of Strathclyde- Scotland. He has received training from the Institute for Public-Private Partnerships (IP3).He is a member of the International Bar Association, the East Africa Law Society, and the Uganda Law Society. He specializes in energy, mining, and infrastructure law. His experience includes advising on…
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The current rope pulling and shoving offer an insight into what is turning out to be an interesting twist in the exit of Umeme. Until a few days ago, the events around the exit of the company that has been part of Uganda’s electricity sub-sector for 20 years, had been largely silent. However, in the weeks to the end of the concession due on 31st March 2025, voices emerged and have become louder, threatening to tear apart a relationship – despite the existence of some knocks here and there – that has been cordial over the 20 year-course of the…
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Corporate reputation is an aggregate of public perceptions about an organisation’s social, political, ethical and business behaviour and how people engage with that organisation based on these perceptions. Ultimately, this…
Celebrated top city law firm Shonubi, Musoke & Co. Advocates claimed a treble of accolades this month at the first ever in-person fourth edition International Financial Law Review- IFLR Africa Awards held at Protea Hotel in the City of Johannesburg, South Africa. IFLR1000 is a leading international legal market research product specialised in ranking financial and corporate law firms and lawyers. Dr. Alan Senkatuka Shonubi, the senior partner at the Kampala law firm won the Lifetime Achievement Award for his influence on legal practice, deal making and the cross-border environment and leadership/mentorship of the next generation of lawyers. This was…
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Away from the law, Dr. Alan Shonubi is a distinguished business and opinion leader. He has either previously or is currently serving as the Chairman for Uganda Breweries Limited and the National Library of Uganda, as well as a Board Director for East African Breweries Limited, Golf Course Holdings, Uganda Baati Limited and AAR Health Services. He also serves as chairperson on the Board of Trustees for the Kampala School for the Physically Disabled, where his law firm provides legal advice, pro bono. He sat down with CEO East Africa Magazine’s Executive Editor, Muhereza Kyamutetera to tell his incredible story….
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