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...
In the dynamic world of corporate finance, the Chief Finance Officer (CFO) role undergoes a significant transformation. No longer confined to back-office number crunching, today’s CFOs act as strategic partners,...
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’ 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...
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...
By Michael Kanaabi Dollar Being born with a silver spoon in the mouth as the English love to say is ideally every one’s wish especially if you have faced some…
20 years later, the firm has blossomed into one of Uganda’s most respected tax law firms, commanding more than 50% of all tax litigation in the country. The firm has…
“The greatest fear of human beings is the fear of failure. But I encourage you, whatever you are doing, do it well and don’t be afraid of falling. When a…
Tell us about yourself and your career summary- especially the Bugembe that we don’t already know. The normal Andrew, not the MTN Andrew is a happily married man with two…
1. ALIKO DANGOTE Net worth: $13.5 billionRank in 2022: 1Origin of wealth: Cement and Sugar Self-madeAge: 65Country: NigeriaResidence: Lagos Aliko Dangote, Africa’s richest person, founded and chairs Dangote Cement, the…
On 24 October 2023, the High Court (Land Division) ruled that dfcu Bank was illegally occupying 48 properties that formerly housed the branches of the now-defunct Crane Bank. The properties…
When Vimal Shah and his older brother took their ambitious idea for manufacturing consumer goods to potential backers in 1985, they could not get a loan. “Unilever will kill you,” one banker told them. Since then Unilever has sold several brands to them; and international rich lists put them top of the charts – most recently at $1.7bn – in…
NCBA Tanzania, the banking subsidiary of NCBA Group, has released its third-quarter financial report for 2023, showing remarkable growth in a series of bank fundamentals. In results released this week,…
On October 4 amid fanfare, billionaire Dr Sikander Lalani chairman of the Roofings Group, inked a deal that will see the firm expand its production to 150,000 tonnes-a-year thanks to a new cold rolling plant at the Namanve Industrial Park. The move, some say, is a bold expression of Lalani’s future intentions as he prepares to consolidate the firm’s position…
Behind Ruth Zaipuna’s calm demeanor lies a lady who is a fighter and strong willed strategist. Since becoming CEO of the NMB Bank in Tanzania in 2020, she has transformed…