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The Common Market for Eastern and Southern Africa (COMESA) Competition Commission has imposed a fine of USD 750,000 on global alcoholic beverages manufacturer Diageo Plc, the majority shareholder in East African Breweries Limited (EABL), for engaging in anti-competitive business practices across Uganda, Eswatini and Zambia. The ruling, contained in a 13-page decision issued on September 21, 2025, concluded that Diageo’s actions violated regional competition laws by restricting trade and distorting market dynamics within the COMESA region. The Commission’s decision follows a multi-year investigation into the company’s distribution and production agreements with local partners, which were found to contain clauses that…
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Standard Chartered Bank Uganda Chief Executive, Sanjay Rughani has indicated that a number of major banks have expressed interest in acquiring the bank’s Retail and Wealth Business. The London-based group announced in November last year its intention to sell its Wealth and Retail Banking (WRB) businesses in Botswana, Uganda, and Zambia, as it seeks to concentrate resources on serving the cross-border needs of global corporate and financial institution clients. “We’re currently looking at the right partners who can buy that business. We’ve got a lot of interest but it’s still all work in progress…because it is a discussion with a…
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Airtel Africa has struck a deal with SpaceX to bring Starlink’s high-speed satellite internet to its 14-country footprint with the agreement set to initially focus on nine countries. Currently, SpaceX has acquired requisite licenses in 9 out of 14 countries within Airtel Africa’s footprint including; Nigeria, Chad, Kenya, Zambia, Malawi, Rwanda, Niger, Madagascar, and the Democratic Republic of Congo. Operating licenses for Uganda and the other 4 countries are under process. The collaboration leverages Starlink’s constellation of Low Earth Orbit satellites and Airtel’s entrenched customer network of over 163 million subscribers. Starlink, licensed to operate in the nine rollout countries,…
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MTN Group and Airtel Africa have entered into agreements to share network infrastructure in Uganda and Nigeria, while ensuring compliance with local regulatory and statutory requirements. In a joint statement published…
Airtel Africa, a leading provider of telecommunications and mobile money services across 14 African countries, has partnered with three internationally renowned African artistes, Fally Ipupa (Democratic Republic of Congo), Diamond Platnumz (Tanzania), and Simi (Nigeria) to engage customers on how to enhance their digital experience by making the most of their data bundles. Through this collaboration, Airtel Africa aims to enable customers to make informed decisions about their data usage habits. The artists have collaborated with Airtel Africa to create a special song to provide customers with practical tips and tools that will help them to maximise their data for…
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London-based Standard Chartered Group is exploring the potential sale of its Wealth & Retail Banking (WRB) businesses in Botswana, Uganda and Zambia. The Group, in a published statement today said, it will concentrate its resources in these markets on serving the cross-border needs of global corporate and financial institution clients. The Bank said, this is the first in a small number of potential business exits to fund incremental investment in its leading wealth management business, which aligns with the refreshed strategic priorities shared in the Group’s third quarter 2024 (Q3’24) results, aimed at accelerating income growth and returns. Group Chief…
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After 18 months as the Chief Financial Officer of Uganda Airlines, Andrew Ssekamwa has left the national carrier and joined Movit Products as a Chief Commercial Officer responsible for the Tanzania, Western DRC and Zambia markets. The transition happened effective 1st September 2024, according to an industry update from CFO East Africa. This will be his second stint at Movit having previously worked for the company as a business development manager and head of finance. Andrew has also worked in the banking sector in finance roles at Standard Chartered and as CFO of I&M Bank of Uganda. Asked about the…
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From the moment Dayne Jr. Moore unleashed a dazzling seven-under 64 on day one of the Proffesionals Open, it was clear he was the man to beat. Fast forward to Saturday, and the South Africa-based Zambian coolly carefully navigated the course to claim the 2024 Johnnie Walker Uganda Professional Open title, securing a two-stroke win over Rwanda’s ever-impressive Celestin Nsanzuwera. Moore’s dominant performance began early, but his only under-par round came on Thursday. For the next three days, he recorded two-over and one-over twice, but still clinched victory with three under par. Nsanzuwera mounted a fierce final-day challenge with a…
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Before retreating to Zambia, Cornwell Muleya was a soft spoken executive with grand ambitions for Uganda Airlines after his appointment as an Acting Chief Executive Officer in 2019. He wasn’t a newcomer in the aviation industry having demonstrated similar experience working with airlines elsewhere across the continent. He had survived Covid -19 which paralyzed air travel, but couldn’t survive the office politics and its attendant consequences at Uganda Airlines. He left Uganda at the tail end of 2022. The Chemical Engineer and certified accountant is now at the lead of Zambia’s Industrial Development Corporation (IDC), the country’s investment holding company tasked…
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