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Airtel Africa profit doubles to $813 million due to mobile money growth

Airtel Africa has reported record financial results for the financial year 2026, driven by strong growth in data consumption, mobile money services, and smartphone adoption across its African markets. The telecommunications giant posted constant-currency revenue growth of 24.0%, the highest in its history, while reported revenue rose by 29.5% to $6.415 billion from $4.955 billion…

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Shoprite ordered to pay over 600m to Ugandan managers it left behind when it exited

The Industrial Court has ordered Shoprite Checkers Uganda to pay more than Shs 605 million to 14 former employees who lost their jobs when the South African supermarket chain exited Uganda. Justice Anthony Wabwire Musana ruled that while the workers were not unlawfully dismissed, the court had to intervene because the employees eventually lost their…

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Young leaders challenged to lead with purpose at Equity mentorship programme

The 100 young leaders participating in the Equity Leaders Programme at Africa Bible University in Lubowa have been challenged to embrace discipline, integrity and purposeful leadership during intensive leadership and career development sessions led by senior executives and industry experts. The programme brought together speakers from banking, marketing, finance and risk management, each offering practical…

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Equity Group Foundation opens doors for Uganda’s brightest as new ELP cohort begins

One hundred of Uganda’s highest-achieving secondary school students have been formally inducted into the Equity Leaders Programme (ELP), a flagship initiative of Equity Group Foundation aimed at cultivating transformative leadership across Africa. The induction ceremony took place on Monday at Africa Bible University in Lubowa, Kampala, marking the start of a new cohort’s journey through…

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Keith Muhakanizi’s widow tells court she is ‘struggling’ to process his pension

The court has set strict conditions for the renewal of letters of administration for the estate of the late Keith Muhakanizi, the former secretary to the Treasury. Justice Celia Nagawa said the renewal would only be granted if the administrator, Janet Kamukama Muhakanizi, complies with key legal requirements, especially filing a full account of how…

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Court faults NMS for firing their Chief Pharmacist after unfairly altering his job title

The Industrial Court has faulted National Medical Stores (NMS) for unfairly dismissing its former Chief Pharmacist, Atanasius Kakwemeire, following an unlawful change to his contract. Kakwemeire was hired by NMS on November 15, 2017, as Chief Pharmacist under a four-year contract due to run until November 2021. Everything changed in February 2020 when the NMS…

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Dr Isabirye hails Museveni, Saleh over copyright law

Media consultant Dr Joel Isabirye has commended President Museveni, Gen Salim Saleh, and other stakeholders for the enactment of the Copyright and Neighbouring Rights (Amendment) Act, 2026. The law was assented to by Museveni on April 29, 2026. Speaking to industry professionals and academics in Kampala on Friday, Isabirye said the passage of the law…

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He was fired by Nile Basin Initiative. Court said the NGO enjoys ‘diplomatic immunity’

The Industrial Court has dismissed a labour dispute filed by Matthew Rumanyika against the Nile Basin Initiative (NBI), his former employer, saying the regional organisation enjoys diplomatic immunity and cannot be sued in Ugandan courts over such employment matters. Justice Anthony Wabwire Musana said the case could not proceed because the court had no power…

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FIA ordered Stanbic Bank to freeze a company’s account. Court said that was illegal

The Financial Intelligence Authority (FIA) acted “illegally, irrationally and with procedural impropriety” when it froze a company’s bank account without promptly seeking court approval, the High Court has ruled. The dispute started on January 4, 2026, when BMS General Trading Limited discovered that it could no longer access its money in Stanbic Bank. At that…

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