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The past five years have not gone particularly well for Uganda’s billionaire class. Once the undisputed symbols of local enterprise and ambition, several of the country’s most prominent businessmen have found themselves entangled in complex financial and legal battles — most of them involving commercial banks and cross-border lenders. Among them, Hamis Kiggundu, the property and retail magnate behind Ham Enterprises, waged one of Uganda’s most closely watched banking disputes. His companies owed USD 4,014,444 to Diamond Trust Bank Uganda and USD 6,974,600 to Diamond Trust Bank Kenya — a combined USD 10.99 million (approximately UGX 40 billion) in credit…
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The High Court’s Commercial Division has ruled in favour of KCB Bank Uganda Limited in a high-stakes debt recovery case, ordering two former executives of Great Lakes Coffee Company Limited to pay over USD 1.1 million. Hon. Lady Justice Susan Odongo dismissed an application by Great Lakes Coffee Co. Ltd, Andreas Nicolaides, and Stamos Konstatinos seeking unconditional leave to defend a summary suit filed by the bank. The judge found that the applicants had failed to raise any bona fide triable issues, clearing the way for immediate judgment. Background of the Dispute KCB Bank sued the coffee company and its…
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Airtel Uganda Limited has announced the appointment of Mrs. Alice Wangari Kariuki and Mr. Neeraj Jain as new Non-Executive Directors, filling board vacancies left by the departure of Mr. Alok Bafna and Mr. Ramakrishna Lella, who stepped down after more than six years of distinguished service. The changes, effective 27 August 2025, were disclosed in a notice to the Uganda Securities Exchange (USE) in line with the exchange’s listing rules. The outgoing directors, both inaugural members of the Risk and Audit Committee, were credited with helping shape Airtel Uganda’s strategic, governance, and compliance agenda. In welcoming the new appointees, the…
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HONORABLE EXIT: It’s time out. After 12 years of steering public relations at TotalEnergies EP Uganda, Linda Nabirye bows out into the world of consultancy. At TotalEnergies, through Tilenga– Uganda’s…
East African Breweries PLC (EABL) has reported a solid full-year performance for the year ended June 30, 2025, posting a 12% jump in profit after tax to Kshs 12.2 billion, despite tough market conditions. The group’s net revenue rose by 4% to Kshs 128.8 billion, driven by a 2% growth in volumes across both beer and spirits portfolios. In light of the performance, the Board recommended a final dividend of Kshs 5.50 per share, bringing the total dividend for the year to Kshs 8.00—up 14.3% from the previous year. The dividend will be paid on or around October 28, 2025,…
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