Over the past four decades, a generation of entrepreneurs, professionals, farmers, and property owners has built significant wealth. As this generation retires or passes on, the challenge facing families is no longer accumulation, but continuity. Yet Uganda’s framework for trusts remains institutionally anchored in a system designed for land administration rather than economic governance. That mismatch is no longer theoretical. It is now economically costly. Trusts have outgrown land-centred regulation Historically, trusts in Uganda were closely associated with land—family holdings, Mailo interests, and protection of property for widows and minors. Although trusts are incorporated under the Trustees Incorporation Act, their…
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For anyone who grew up in Uganda in the 1980s and 1990s, it is impossible not to marvel at Caleb Rwakatungu Snr’s ability to extract so much from so little. This was a time when school fees were precarious, social safety nets were thin, and a single disruption could derail an entire household’s future. To raise eight children under those conditions — and to send them to some of the country’s best schools — bordered on the improbable. In many ways, Mr. Rwakatungu Snr resembles the biblical servant in the Parable of the Talents — entrusted with little, yet multiplying…
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Different generations of family business leaders and stakeholders, including financial experts, convened at Four Points by Sheraton, in Kampala, on Friday, October 17, for the third annual Enjovu Family Business…
It is one of the most common questions asked of chief executives and board chairs: “What keeps you awake at night?” It’s meant to reveal the depth of their leadership, the gravity of their concerns, and the clarity of their strategic vision. The answers vary — from market disruption and regulatory pressure to talent retention, cyber threats, or reputation risk. And yet, for all its popularity, we rarely stop to interrogate the question itself. Should leadership really be a sleepless job? And if a leader is always awake at night, does that point to strength — or to something more…
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For decades, the name Gordon Babala Kasibante Wavamunno has been synonymous with entrepreneurship in Uganda. He is a self-made mogul whose business empire spans transport, real estate, publishing, media, manufacturing,…
In a timely and strategic move to deepen conversations around wealth preservation and succession planning in Uganda, TARA Advocates—a leading women-led commercial law firm—will host the TARA Estate Planning Symposium…
When Dr. Maggie Kigozi stepped into Crown Beverages Limited (CBL) in 1994 following the death of her husband and co-founder, Eng. Dan Kigozi, she wasn’t merely inheriting shares—she was inheriting a dream. One year earlier, Dan, alongside business partners Amos Nzeyi and Chris Kayoboke, had acquired the assets of the defunct, state-owned Lake Victoria Bottling Company (LVBC) and secured a critical franchise from PepsiCo. The trio renamed the company Crown Bottlers Limited—later Crown Beverages—and set out to transform it into a world-class beverage enterprise. More than thirty years on, that dream has not only endured—it has expanded into something extraordinary….
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Sheena Ruparelia has established herself as a prominent force in Uganda’s business and socio-economic landscape, building on the foundation laid by her father, Dr. Sudhir Ruparelia. As a Director at the Ruparelia Group—one of Uganda’s largest and most diversified conglomerates—Sheena has embraced her father’s legacy of entrepreneurship, innovation, and community impact while carving her unique path in the business world. Educated at London’s City University with a degree in Economics and Accountancy, Sheena began her journey with the Ruparelia Group humbly, working as a cashier at the now-defunct Crane Bank. Her rise through the ranks was fueled by exceptional talent…
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First of all, what is estate planning? Estate planning encompasses determining how your assets Will be preserved, managed, and distributed after your death or if you become incapacitated. Every family business needs to undertake succession and estate planning to ensure their businesses Will survive from one generation to the next. What Does Estate Planning Involve? In East Africa estate planning is most often done through making Wills and /or setting up a Trust(s). A Will is a written legal document detailing, amongst others, a testator’s wishes of what should happen after his/her death, listing the assets they own, and how they…
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To ensure business stability and continuity in the event of the death of the founder as well as preserve intergenerational wealth, business owners/founders have been urged to prioritise estate planning. Estate planning, according to Sim Katende, Corporate & Commercial lawyer and Partner at Katende, Ssempebwa & Co. Advocates, Solicitors & Legal Consultants (KATs), “encompasses determining how your assets will be preserved, managed, and distributed after your death or if you become incapacitated”. “Every family business needs to undertake succession and estate planning to ensure their businesses Will survive from one generation to the next,” Sim Katende told stakeholders at a…
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