In this interview with CEO East Africa Magazine, Nakibudde details ITC’s financial journey, the investments driving its growth, how the College balances affordability with quality training, and the strategies it is using to strengthen revenue resilience. She also discusses the impact of digital learning, the importance of partnerships, the case for a dedicated regional training campus, and the…
dfcu Bank and regional private-sector leaders have called for deeper integration of East Africa’s financial, digital and trade systems, arguing that easier movement of capital and goods, harmonised financial rules and stronger enterprise support are critical to unlocking industrial investment and building globally competitive businesses. The call was made at the Regional Industrialisation…
The Commercial Division of the High Court has dismissed an application by Akright Projects seeking to halt the reconciliation of its long-running loan account with Shelter Afrique, as the two parties continue to dispute a payment of more than UGX1.4 billion. In a ruling delivered August 14, 2026, Justice Patience T.E. Rubagumya held that the reconciliation should proceed because it is the…
The Bank of Uganda has approved the appointment of Fabian Kasi as Chief Executive Officer of Centenary Rural Development Group Limited, elevating one of Uganda’s most consequential indigenous bankers from running the Group’s flagship bank to overseeing its expanding regional financial-services ecosystem. In a letter dated 13 August 2026 and addressed to the Board Chairman of Centenary Rural…
By CPA Edson Serve Ashabahebwa The tax waiver contagion is no longer theoretical. On 18 August 2026, Health Minister Dr Chris Baryomunsi told Parliament that President Yoweri Museveni had guided government to explore exempting health workers’ pay from tax, referring to treatment accorded to soldiers and other armed forces. Cabinet directed the Ministry of Health to prepare a comprehensive…
Serena Hotels is considering establishing a presence in Bwindi Impenetrable Forest as part of a broader expansion strategy aimed at linking some of Africa’s leading business and leisure destinations. The move would take the hospitality group into one of Uganda’s best-known tourism destinations and give it access to the premium market associated with gorilla trekking and nature-based tourism.…
Uganda's women entrepreneurs are being presented with a financing opportunity that could help move viable businesses from survival to scale. Through the GROW Project, eligible women-owned enterprises can access between UGX 4 million and UGX 200 million at a concessional 10% annual interest rate. dfcu Bank has already disbursed UGX 24.24 billion to 496 businesses across the country, with trade and…
The High Court’s Commercial Division has ordered businessman Patrick Bitature to pay Finicon $256,136.17 (UGX 954 million), excluding VAT, plus interest dating back to May 2014. The order ends a long-running dispute over architectural and engineering consultancy services for two stalled property developments in Kampala. In a judgment delivered on Monday, Justice Stephen Mubiru ruled that Finicon…
By Ssonko Muhammedi, PhD Uganda’s Islamic finance moment has arrived For years, Islamic finance in Uganda was more aspiration than industry. Muslim communities relied largely on informal savings groups, SACCOs and small community initiatives because the country’s financial laws were designed around conventional, interest-bearing banking. That began to change with the Financial Institutions…
By Kikomeko Muhammad Foreign corporations seeking to invest in East Africa’s Great Lakes extractive resource sector face significant operational, legal, and reputational risks. While Geology and Commodity prices matter, the primary sources of conflict and project failure are almost always social and Governance-related. Disputes between Governments and local communities, between local communities…
