Industry & Analysis

Uganda Received USD 1.3bn in Remittances from its Diaspora in 2022 According to the World Bank.

by Jonathan LAfricaEast AfricaFinanceFintechsGlobal NewsIndustry & AnalysisNews & AnalysisStartupsSeptember 28, 2023September 28, 2023

In 2022, Uganda received USD 1.3bn in remittances from its diaspora community according to a World Bank and KNOMAD report. This would account for about 4.5% of Uganda’s GDP and…

ESO AVODA Launches the Business Growth Accelerator Program to Help Ugandan Businesses Expand to Kenya.

by Jonathan LEast AfricaFintechsICTIndustry & AnalysisSeptember 27, 2023September 27, 2023

Uganda is often called a small market. Despite having a population of over 40m, the purchasing power is relatively low. As a result, it is imperative for startups and other…

AIRTEL UGANDA IPO: Absa Bank puts its best investment banking foot forward. Meet the 4 key executives advising Airtel on its USD212 million deal 

by Muhereza KyamuteteraCompany NewsIndustry & AnalysisThe Big StorySeptember 26, 2023September 26, 2023

You never get a second chance to make a first impression, so it’s been said. Indeed, Absa Bank Uganda, a subsidiary of Absa Group, one of Africa’s largest financial institutions, …

CEO OF THE WEEK: TotalEnergies EP Uganda’s Philippe Groueix, the 20 million man-hours no-accident man

by The CEO Magazine TeamCEO Of The WeekCEOsCompany NewsIndustry & AnalysisSeptember 20, 2023September 20, 2023

Though often uncelebrated, health and safety at the workplace is a critical component of all great companies as it protects workers⏤ the most important resource every organisation has. By adapting…

Regional communications regulators to press telcos for lower roaming charges 

by CEO ReporterIndustry & AnalysisNews & AnalysisThe Big StorySeptember 18, 2023September 18, 2023

Regional communications sector regulators have resolved to review the implementation of the much sought-after One Network Area (ONA) framework on roaming charges to help deal with issues emerging from its…

Kenya Dominates PE and Venture Capital Funding in East Africa in the Last Decade, Uganda a Distant Second.

by Jonathan LFinanceFintechsICTIndustry & AnalysisNews & AnalysisStartupsThe Big StorySeptember 15, 2023September 15, 2023

The East African Venture Capital Association (EVCA), a body that represents private capital providers including development finance institutions (DFIs), private equity and venture capital funds, family offices and impact investors…

Income Tax(Amendment) Act 2023: Repeal of investment incentives could hamper industrialisation and job creation efforts

by Mark RuhindiCompany NewsIndustry & AnalysisThought LeadershipAugust 28, 2023August 28, 2023

The Income Tax(Amendment) Act 2023 has repealed Section 27A of the Principal Act which provided for initial allowances as a fiscal policy geared at enabling investors in industrialisation and manufacturing…

URA’s John Rujoki’s 100.23% full-year revenue performance and the UGX29.2 trillion task for FY2023/24

by Muhereza KyamuteteraCEOsGovernment AgenciesIndustry & AnalysisThe Big StoryAugust 28, 2023August 30, 2023

Uganda Revenue Authority (URA) announced last week that for the financial year 2022/2023 it had collected UGX 25,209.05 billion⏤an extra UGX 57.48 billion against a target of UGX 25,151.57 billion, reflecting…

Who is Jemima Kariuki, MTN Uganda’s new Chief Product Officer?

by Muhereza KyamuteteraIndustry & AnalysisProfilesThe Big StoryWomen Fixing UgandaWomen In LeadershipAugust 27, 2023August 27, 2023

MTN Uganda in March 2023 recruited digital financial products guru, Jemima Kariuki Njuguna, as the telco’s Chief Product Officer. Jemima, a Kenyan national brings with her “14 years of experience…

The Stamp Duty Act: The Red Flags To Watch Out For

by Birungyi Cephas KagyendaIndustry & AnalysisThought LeadershipAugust 22, 2023August 22, 2023

On 15th June 2023, the Uganda Revenue Authority (URA) issued a public notice, serving as a reminder to the public “to pay stamp duty on all Agreements or Memorandum of…