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December 14, 2025
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    Uganda Business News

    Arthur Oginga, the man in Old Mutual’s hot seat, is steering through shaky ground and strong headwinds as he fights to complete the turnaround he began in 2020.

    In the Hot Seat: Old Mutual East Africa’s Arthur Oginga  

    Muhereza KyamuteteraCompany NewsIndustry & AnalysisThe Big StoryOctober 14, 2025October 23, 2025

    When Old Mutual Holdings Plc (Old Mutual Group East Africa) released its half-year 2025 results, the numbers drew attention — and not for the right reasons. Profit before tax plunged…

    URA Moves Key Tax Services to New Pearl Tower One Along Yusuf Lule Road

    Muhereza KyamuteteraNews & AnalysisReal Estate & ArchitectureOctober 14, 2025October 21, 2025

    The Uganda Revenue Authority (URA) has officially begun relocating several of its high-priority offices from the Nakawa Headquarters to the newly completed Pearl Tower One, a state-of-the-art Grade-A office development…

    Ugandan Banks Post Record UGX 1.9 Trillion Profit as Customer Deposits Surge to UGX 41.6 Trillion-BoU Report

    Paul MurungiBanking & InsuranceThe Big StoryOctober 13, 2025October 13, 2025

    Uganda’s banking sector has cemented its recovery and resilience, posting a record UGX 1.9 trillion net profit for the year ended June 2025.  This was a nearly an increase of…

    Uganda telecom tower ownership dispute: Ubuntu Towers founders Geoffrey Donnels Oketayot, Ronald Onzia, and George Arthur Ssamula in legal battle with TowerCo of Africa Ltd (Mauritius) led by billionaire Hassanein Hiridjee, over alleged fraudulent share acquisition, corporate oppression, and takeover of Ubuntu Towers (later renamed TowerCo of Africa Uganda). Case involves MTN Uganda, Airtel contracts, and ongoing High Court proceedings in Kampala.”

    Ugandan Founders Lock Horns with TowerCo of Africa and Hassanein Hiridjee, its billionaire founder, in High-Stakes Telecom Battle

    Muhereza KyamuteteraThe Big StorySeptember 25, 2025September 25, 2025

    In 2019, three Ugandan entrepreneurs — Geoffrey Donnels Oketayot, Ronald Onzia, and George Arthur Ssamula — set out to disrupt the telecom tower industry by founding Ubuntu Towers Uganda Ltd….

    Photo shows KCB Bank Uganda Managing Director Edgar Byamah (right) with Acting Head of IT Willies Ochola. The two executives are leading efforts to strengthen IT oversight, restore customer confidence, and address the UGX 3.2 billion agent banking fraud breach. The incident highlights insider fraud risks, cybercrime threats, and vulnerabilities in Uganda’s fast-growing banking sector, as reported by CEO East Africa Magazine and Uganda Business News.

    Inside the KCB Bank Uganda Agency Banking System Breach: This Is What We Know So Far

    CEO East Africa MagazineThe Big StorySeptember 25, 2025September 25, 2025

    Following a brazen system breach that manipulated the agency banking platform to leading it to make double transactions to bank agents requesting float, CEO East Africa Magazine understands the system…

    Beyond the Numbers: How NCBA Bank Is Powering Inclusive Growth in Uganda

    Muhereza KyamuteteraNews & AnalysisThought LeadershipSeptember 23, 2025September 23, 2025

    Over the past four years, since the merger of two Financial Institutions in 2019, NCBA Bank Uganda has firmly established itself as one of the fastest-growing and most profitable financial…

    GE HealthCare Appoints Dr. Alex Oketch, East Africa General Manager

    Muhereza KyamuteteraCompany NewsProfilesSeptember 17, 2025September 17, 2025

    GE HealthCare, a leading global MedTech company headquartered in Chicago, Illinois, has appointed Dr. Alex Oketch as General Manager for East Africa. The leadership transition reinforces the company’s commitment to…

    With brands like Tusker, Bell, and Kenya Cane entrenched across the region, and a 14% foothold in Tanzania’s fast-growing beer market, EABL’s enterprise value is estimated at $2.8 billion.

    Record AGM Backs EABL Management and Board Amid Diageo Exit Talk

    Jeff WintersThe Big StorySeptember 17, 2025September 17, 2025

    East African Breweries Limited (EABL) has secured overwhelming shareholder backing. At its 103rd virtual annual general meeting – even as speculation intensifies over Diageo’s planned scale down – EABL, on…

    From Fortune to Fallout to Financial Freedom: Kakurah Ninsiima’s Mission to Build East Africa’s Generational Wealth

    Kisakye ImaniFinanceThe Big StorySeptember 15, 2025September 15, 2025

    From a childhood of abundance to the humbling lessons of loss, Ninsiima Kakurah’s journey spans continents and careers—culminating in a mission to equip East African families with the tools, strategies,…

    (Left to right): Stanbic’s Executive Director and Head, Personal & Private Banking, Samuel F. Mwogeza, Head of Wealth and Investment, Bernice Mvano, Head of Personal Banking, Israel Arinaitwe and Head of Private Banking, Arthur Kiwanuka. The team is reshaping how families think about money, legacy, and the futures yet to be written.

    Building Generational Wealth: Inside Stanbic’s Personal & Private Banking Transformation

    Paul MurungiThe Big StorySeptember 11, 2025September 16, 2025

    In a fast-changing Uganda, the definition of wealth is shifting. It’s no longer just about today’s comfort — it’s about building legacies that last. Across the country, more people are…

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