CEO East Africa
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Latest posts
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President Trump Strikes Rwanda and South Africa off AGOA List
Rwanda and South Africa are set to lose duty-free trade benefits under the African Growth and Opportunity Act (AGOA) from January 1, 2027, after President Donald Trump moved to remove them from the programme. Washington cited barriers to American trade and investment, alongside…
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dfcu Bank Unveils 16.9% Home Loan Offer to Boost Home Ownership
dfcu Bank has introduced a 16.9% annual interest Home Loans offer, providing up to 85% residential property financing, a 60-day repayment holiday and repayment terms of up to 20 years. The offer targets homebuyers, property investors, diaspora Ugandans and existing homeowners…
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Q&A with Marriott Kampala’s Mustapha Fodil: Competing in Luxury Hospitality, Expanding Beyond the Capital and Kampala’s Above-Expectations
Marriott Kampala is navigating an increasingly competitive luxury hospitality market with 277 accommodation units, extensive conference facilities and more than 450 Ugandan employees. Multi-Property General Manager Mustapha Fodil discusses the property’s stronger-than-expected…
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C-Care Steps up East African Expansion with Uganda Acquisitions, Eyes Kenya Entry
C-Care is accelerating its expansion across East Africa, adding specialist healthcare capacity in Uganda while pursuing acquisition opportunities in Kenya as its Mauritius-based parent, CIEL, strengthens its investment in the business. The group’s acquisition of Roswell Hospital…
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Airtel Africa Half-Year Profit Rises 20.5% as Revenue Hits $3.8 Billion
Airtel Africa's half-year profit rose 20.5% to $452 million as revenue reached $3.8 billion, driven by growing demand for mobile data and Airtel Money services. East Africa delivered strong revenue growth, while accelerated network investment and expanding digital financial…
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Airtel Africa doubles capital spending as East African growth trails Nigeria
Airtel Africa’s East African business remained its largest region by revenue in the six months to September, but grew more slowly than Nigeria and Francophone Africa as the group more than doubled capital spending. The telecoms and mobile-money group, which sits within India’s…
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Weak institutions keep Uganda behind its neighbours in investment rankings
Rand Merchant Bank (RMB), the corporate and investment-banking arm of South Africa’s FirstRand Group, has ranked Uganda 20th of 31 African economies in its annual assessment of investment destinations. The bank’s model counts the country’s growth forecast as its largest positive…
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Inside Uganda’s UGX883bn Revenue Miss: Which Sectors Are Falling Behind?
Uganda entered the second quarter of the 2026/27 financial year with approximately UGX883 billion less in domestic revenue than it had expected to collect, after September extended a run of monthly shortfalls that is raising questions about the performance of key businesses and…
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Is Uganda’s Debt Bill Crowding Out Public Spending?
Uganda allocated UGX10.75 trillion to debt and Treasury operations out of UGX21.82 trillion announced for the second quarter of the 2026/27 financial year, against a backdrop of revenue shortfalls, substantial refinancing requirements and pressure on the shilling. The allocation…
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Uganda’s Regional Trade Deficit: Why Are Kenya and Tanzania Selling So Much More to Uganda?
Uganda’s trade deficit with its East African Community partners widened by 64.7% to US$730.27 million in August 2026, as a sharp increase in imports outpaced a marginal recovery in export earnings. The Ministry of Finance’s September 2026 Performance of the Economy report,…
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Absa, Stanbic and dfcu Raise Lending Rates as Uganda Shilling and Inflation Pressures Deepen
Absa Bank Uganda, Stanbic Bank Uganda and dfcu Bank have announced increases in their prime lending rates following Bank of Uganda’s monetary policy tightening amid exchange rate and inflation pressures. According to their customer notices, Absa will increase its Uganda shilling…
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Who Are Bank of Uganda’s External Fund Managers for the UGX5.59 Trillion Portfolio, and How Much Are They Paid?
Bank of Uganda’s foreign-denominated investments managed by appointed fund managers reached UGX5.585 trillion at June 2026, with the central bank reporting higher reserve-management fees and other charges but providing no manager-by-manager breakdown of assets, fees or…
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Uganda’s Agricultural Credit Facility Hits UGX1.52 Trillion, but Who Gets the Money?
Uganda’s Agricultural Credit Facility has mobilised UGX1.52 trillion in cumulative lending to 15,313 projects, according to Bank of Uganda, as an expansion in smaller loans brings more farmers and agricultural businesses into the government-backed financing scheme. BoU’s Annual…
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Can Uganda’s National Payment Switch Bring Down Digital Transaction Costs?
For a Ugandan moving money between a bank account, a mobile wallet and a cash withdrawal point, the cost of digital finance can accumulate across several transactions before the money is finally spent. Consider UGX100,000 transferred from an Absa account into an MTN mobile-money…
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Four Years Left — What Must Uganda Now Do Differently?
Uganda’s tourism sector is recording strong growth, but funding gaps, infrastructure constraints and missed NDP IV targets threaten its long-term ambitions. With four years remaining, what must Government, the Uganda Tourism Board and private investors do differently to unlock…
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Uganda’s Cash in Circulation Tops UGX10 Trillion as BoU Reissues More Banknotes and Cuts Printing Costs
Uganda’s currency in circulation exceeded UGX10 trillion at June 2026 as Bank of Uganda increased the value of banknotes returned to circulation while recording a decline in its annual notes-printing expense. The central bank’s Annual Report 2025/2026 shows currency in…
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OPINION: The Pump, the Dollar and the Bank: Why Austerity Is Your Cue to Save
By Jackline Nagasha This month, a litre of diesel in Kampala raced past Shs7,100 as the shilling broke through Shs4,100 to the dollar. Then the Bank of Uganda did what it had not done in fifteen years: the sharpest single rate rise since 2011. The most dangerous number in your…