KAMPALA – Kyamutetera Holdings Limited (KHL), has acquired a controlling stake in The CEO Magazine Ltd, the publishers of CEO East Africa, one of Uganda’s leading online business magazines.
According to information released by the Nakawa-based firm, KHL has named Mr. Muhereza Kyamutetera, one of the founding partners of the magazine and until recently, its editorial director, its new chief executive editor. The appointment takes immediate effect.
Commenting about the development, Mr. Kyamutetera, who is also the Group Chairman for KHL, said that the move was a stitch in time, just as Uganda was at the point of a digital revolution in the media industry.
He said: “That the media industry has been shaken down by the digital revolution is no secret. The CEO Magazine itself has come under the weight of the changing preferences of readers, with more and more readers preferring real-time and on the go news, served on their mobile devices.”
Mr. Kyamutetera further said: “This move is intended at restructuring The CEO Magazine into Uganda’s No.1 source of credible, well researched and exclusive business news,” adding: “We are driven by the philosophy that every business is a story that deserves to be told. I shall leverage my experience to create, relevant news stories; news that help businesses make critical business decisions.”
Kyamutetera brings vast experience to new role
Mr. Kyamutetera possesses 15 years of strategic integrated communications experience, six of them at the senior management level. He is also a former Business Reporter at Daily Monitor. He is the current chairman of Uganda Advertising Association – an association of more than 23 advertising agencies in Uganda and has previously served as the vice president of the Public Relations Association of Uganda (PRAU).
He is a recipient of the PRAU Golden Honours Awardee – the highest meritorious award.
About the magazine
CEO East Africa is Uganda’s oldest and one of the most respected business magazines. It first went into print in 2007 as The CEO Magazine and later rebranded to CEO East Africa and went online (www.ceo.co.ug) to cover wider audiences and match the reading trends of our target audiences.
CEO East Africa seeks to fill the existing void in business reporting and actively targets the ABC1 Class – urban professionals, chief executives and middle level managers as well as individual entrepreneurs with a penchant for business news.
KHL, on the other hand, is a private investment firm, with interests in communications, travel and publishing.