Kenya's Top Energy Officials Resign Over G2G Fuel Scandal
Kenya's Executive Office of the President has announced the resignation of three senior energy officials: PS Mohamed Liban, KPC Managing Director Joe Sang, and EPRA Director General Daniel Kiptoo Bargoria, following a DCI investigation into an alleged scheme to falsify national fuel stock data and trigger emergency procurement outside the G2G framework. The shipment, carried aboard MV Paloma and docked in Mombasa on 27-29 March 2026, was procured above contracted rates and found non-compliant due to elevated sulphur levels. Investigations continue.
Uganda Passes Law to Increase Magistrates’ Financial Jurisdiction
The reforms are meant to reduce case backlog in the High Court and positions chief magistrates as more central in handling commercial, land, family, and civil disputes that previously escalated to higher courts.
Uganda's Parliament Approves New Copyright Law With Harsher Penalties
Uganda’s Parliament has passed sweeping amendments to its copyright law, introducing stricter penalties for infringement, tighter rules on royalty collection and broader protection
Airtel Uganda Profit Surges 41%, Data Revenue Surpass Voice
Airtel Uganda reported a 41.1% increase in profit after tax to Ushs 446.9 Bn for the year ended 31 December 2025. Revenue grew 13.3% to Ushs 2,249.7 Bn as data revenue crossed Ushs 1.1 Tn, overtaking voice for the first time to contribute 49.3% of service revenues. EBITDA margins expanded 490 bps to 54.9%, reversing a two-year compression, driven by near-flat 2.0% operating cost growth. The board declared total dividends of Ushs 11.15 per share, up 41.6%, equivalent to 99.8% of earnings. Shares trade around Ushs 80, below the Ushs 100 IPO price, ahead of a November 2026 secondary offer deadline.One-off Tax Settlement Clouds MTN Uganda's Strongest Operating Year Since Listing
MTN Uganda reported full-year 2025 service revenue of USh 3.6 trillion, up 13.4%, driven by a 28.8% surge in data revenue to USh 1.0 trillion and 17.3% fintech growth to USh 1.1 trillion. EBITDA rose 17.0% to USh 1.9 trillion, expanding the margin to 53.8%. Reported profit after tax grew 5.8% to USh 679 billion after absorbing a one-off USh 110.9 billion transfer pricing settlement with the Uganda Revenue Authority. Adjusted net profit rose 23.1% to USh 790 billion. The board declared a total dividend of USh 28.75 per share, up 27.2%.Kenya, Uganda Shield Fuel Supply as Middle East Conflict Lifts Global Oil Prices
The governments of Kenya and Uganda have separately moved to reassure their citizens that supply lines remain intact as the Middle Eastern conflict continues.SGR Push to Malaba Marks New Phase in East Africa's Rail Race
Data Boom, Subscriber Growth Lift Airtel Uganda Earnings in 2025
The telco attributed the shift to higher data consumption, wider smartphone adoption, and a growing preference for bundled services.Kenya Grants Uganda Exclusive Board Seats in KPC
The government has extended the Kenya Pipeline Company IPO by three working days after the Capital Markets Authority approved a revised closing date of February 24, 2026, following investor feedback during the offer period. The extension comes alongside governance amendments that recognize KPC’s regional role, including board nomination rights for Uganda subject to shareholding thresholds. Offer terms remain unchanged, with allocation results due on March 4 and trading set to begin on the Nairobi Securities Exchange on March 9.Crested Uganda Pegs Kenya Pipeline's IPO Fair Value at KSh 4.61 Ahead of Offer Close
Uganda's Crested has valued the Kenya Pipeline Company IPO at KSh 4.61 per share, warning of a 49% downside to the KSh 9.00 offer price as the subscription period nears close. The valuation aligns with Old Mutual Uganda’s earlier call and is based on a blended DCF and peer-multiple analysis, factoring in KPC’s heavy capex plan and modest 3.9% dividend yield at the offer price.Uganda Kickstarts Busy Monetary Policy Week Head for Africa's Central Banks
Umeme Issues Fresh Profit Warning as Arbitration With Uganda Continues
Umeme has issued a second profit warning in just over three months, confirming it expects to post a full-year loss for 2025 after its 20-year electricity distribution concession in Uganda expired in March. The warning, released on 29 January 2026, follows an earlier interim-based notice and reflects the cessation of operating revenue after Q1 2025. With operations ended, investor focus has shifted to a London arbitration with the Ugandan government over disputed post-concession compensation, including a buyout audited at US$118.4 million (KSh 15.3 billion).
