CEOs Archives – Page 15 of 15

Tough times for Uganda as President Trump suspends US foreign aid for three months, cuts WHO and climate funding

January 21, 2025January 21, 2025 0

Uganda, a major recipient of America’s foreign aid, could find herself in a tough position after the 47th President of the United States of America, Donald Trump issued an executive...

Gov’t Agencies owe National Water UGX 73 billion in unpaid water bills

January 18, 2025January 18, 2025 0

Government offices have continued to default on water bills which have ballooned to UGX 73 billion as the burden shifts to ordinary Ugandans who shoulder most of the payments. Details...

Auditor General reveals most profitable and loss-making gov’t agencies

January 17, 2025January 18, 2025 0

The Uganda Electricity Transmission Company (UETCL) has been ranked as the most profitable public company with a profit of UGX 82.3 billion earned through energy sales in the Financial Year...

Uganda Airlines records UGX 238 billion loss in operations

January 16, 2025January 17, 2025 0

Uganda Airlines’ expansion plan to dominate the aviation industry has been met with financial hurdles after a new Auditor General’s report unearthed the Airlines’ performance for the Financial Year 2023/24...

MAN IN THE HOT SEAT: What challenges await Soumendra Sahu, Airtel Uganda’s new boss?

January 16, 2025January 16, 2025 0

Airtel Uganda has a new boss, Soumendra Sahu. He joins Uganda’s second-largest telco at an interesting time— increasing competition from MTN, the market share leader, and other independent ISPs. There...

EXCLUSIVE: Earnings of CEOs and Executive Directors of 23 of 24 of Uganda’s banks

43 Managing Directors and Executive Directors of 23 of Uganda’s 24 banks, earned an average of UGX61 million or a combined UGX2.6 billion per month. This adds up to a total of UGX31.5 billion a year, according to painstaking research by CEO East Africa Magazine. Also read: https://www.ceo.co.ug/2018-ugandas-19-banks-rake-in-ugx790bn-profit-5-banks-still-loss-making/ According to the research, Barclays Bank’s CEO Rakesh Jha is the highest…

Ashwini Kumar consolidates year two at Baroda with a 48.7% profit jump

by Muhereza KyamuteteraCEOs Company News FinanceApril 30, 2019April 30, 2019

Shareholders of Bank of Baroda (USE: BOBU) will smile all the way to the bank following a 48.7% reported increase in net profit. According to results published last weekend, the…