Uganda Business News- Page 11

A photo collage of Uganda's Finance Minister Matia Kasaija, Finance Ministry Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, Bank of Uganda Governor, Michael Atingi-Ego, and Absa Bank Uganda Managing Director, David Wandera.

Uganda Climbs to 3rd Position in Africa’s Financial Markets Rankings, Takes Lead across East Africa

Uganda has moved up to third position in Africa’s financial markets rankings, overtaking Nigeria and consolidating its position as the leading financial market in East Africa. According to the Absa Africa Financial
A photo collage of Uganda Communications Commission (UCC) Executive Director, Nyombi Thembo, Airtel Uganda Managing Director, Soumendra Sahu, and MTN Uganda CEO, Sylvia Mulinge. UCC last week instructed telecoms to switch off internet over national security concerns during the general elections.

Four-Day Internet Shutdown Cost Uganda’s Telecoms an Estimated UGX 24 Billion in Lost Data Revenues

Uganda’s two largest mobile network operators, Airtel Uganda and MTN Uganda, are estimated to have lost between UGX 22.8 billion and UGX 24 billion in data revenues following the four-day nationwide internet
Top East African executives featured. From top to bottom in descending rows: Abdi Mohamed, Managing Director & Chief Executive Officer- Absa Bank Kenya, Sylvia Mulinge- MTN Uganda CEO, Fabian Kasi- Managing Director & Chief Executive Officer, Centenary Bank Uganda, Sanjay Rughani- Standard Chartered Bank Uganda CEO, Peace Ayebazibwe Kabunga- Executive Director, Housing Finance Bank Uganda, Ruth Zaipuna- Chief Executive Officer, NMB Bank Tanzania, Njeri Jomo- Chief Executive Officer & Principal Officer, Mary Mulili - Managing Director & Chief Executive Officer, UBA Kenya, Robert Kibaara- Group Chief Executive Officer, HF Group, Diane Karusisi- Chief Executive Officer, Bank of Kigali, Twinemanzi Tumubweinee- Executive Director, National Payment Systems, Bank of Uganda, Catherine Muraga- Managing Director, Microsoft Africa Development Centre, Ken Njoroge- Co-founder, Cellulant and Founder, PANI, Dilip Pal Group Chief Financial Officer, Safaricom PLC, Frank Molla-Managing Director – Africa, MDP Consumer, FMCG & Corporate Leadership, Lina Githuka- Managing Director, Kenya Wine Agencies Limited, Risper Genga Ohaga Group Chief Financial Officer- East African Breweries PLC, Anne Muraya- Chief Executive Officer, Deloitte East Africa, Allan Kilavuka- Former Group Managing Director & CEO, Kenya Airways, Julius Kipngetich- Group Chief Executive Officer, Jubilee Holdings, Jubilee Health Insurance, Carol Musyoka- CEO, Carol Musyoka Consulting, Martin Oduor-Otieno- Founder, The Leadership Group, Imran Osman- Chief Executive Officer, Avenue Healthcare- Dr. Sylvia Vito Africa Head, EVA Pharma International.

What East Africa’s Senior Executives Are Reading in 2026 — and Why It Matters

Frank Molla, Managing Director for Africa at payments giant MDP, is a strong believer that books are quiet mentors and companions that steer leaders toward depth, courage, and beautifully human leadership. Read
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