The Big Story

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

by Paul MurungiAfricaCEOsFood & DrinkGovernment AgenciesIndustry & AnalysisMinistries, Agencies & DepartmentsNews & AnalysisPolitics & GovernmentThe Big StoryJanuary 18, 2025January 18, 2025

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…

BREAKING NEWS: Cooper Motors shuts down operations in Uganda, other East African countries 

by Paul MurungiAfricaAfricaAgricultureCarsCompany NewsEast AfricaFinanceManufacturingNews & AnalysisThe Big StoryJanuary 17, 2025January 18, 2025

Cooper Motors Corporation (CMC) Holdings, the parent company of CMC (Uganda) Limited has announced its decision to gradually wind down operations in Uganda, Kenya and Tanzania, in full compliance with…

We Are Going to Build Uganda’s First Unicorn. – Easy Ride CEO

by Jonathan LAfricaBanking & InsuranceStartupsTechnologyThe Big StoryJanuary 17, 2025January 20, 2025

The insurance sector in Africa, particularly in Uganda, presents a remarkable opportunity for growth and innovation. With a penetration rate of only 0.85% in Uganda and under 3% across the…

Driving Growth, Managing Risk and The Evolving CFO: Insights from PostBank Uganda’s Peter Ssenyange

by Muhereza KyamuteteraThe Big StoryThe CFO PlaybookJanuary 17, 2025January 17, 2025

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,…

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

by Paul MurungiCEOsFinanceICTIndustry & AnalysisManufacturingNews & AnalysisThe Big StoryUETCLJanuary 17, 2025January 18, 2025

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

by CEO East Africa MagazineAfricaCEOsDestinationsNews & AnalysisThe Big StoryWomen In LeadershipJanuary 16, 2025January 17, 2025

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?

by Paul MurungiAfricaCEOsCompany NewsFinanceFintechsICTIndustry & AnalysisNews & AnalysisTechnologyThe Big StoryJanuary 16, 2025January 16, 2025

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…

Which Ugandan Startups Have Been Involved in Acquisitions?

by Jonathan LAfricaIndustry & AnalysisLists & RankingsStartupsTechnologyThe Big StoryJanuary 15, 2025January 20, 2025

In the African startup ecosystem, acquisitions are rare. This is true for nascent ecosystems, and Uganda is no exception.  An acquisition happens when one company, typically larger and more established,…

Ugandan Startups Raise USD 19M in 2024.

by Jonathan LIndustry & AnalysisNews & AnalysisStartupsThe Big StoryWild Wild West UgJanuary 15, 2025January 20, 2025

Ugandan startups raised $19m in 2024, bouncing back from the lowly $4.8m that they raised in 2023 as per Africa: The Big Deal database.  Africa: The Big Deal database is…

Understanding Rwanda’s New Gambling Policy

by Claude NshimiyimanaMinistries, Agencies & DepartmentsThe Big StoryThought LeadershipJanuary 15, 2025January 15, 2025

The gambling industry in Rwanda is undergoing a transformative shift as the government rolls out its Rwanda Gambling Policy, a comprehensive framework designed to ensure that the sector contributes positively…