Companies

CompaniesMarkets

Airtel Uganda to list shares on local bourse

Uganda's second largest mobile operator will list 8bn shares, representing 20 per cent of the company's stock, by 16 December 2023
A photo in the reception area of Airtel Uganda's main office on Clement Hill Road in Kampala, and includes four individuals.
CompaniesMovers & Shakers

Bitature, South African lender fight over $30m property loan

A long-running fight between Ugandan businessman Patrick Bitature and Vantage Capital has gone a notch higher with the lender seeking to auction the jewels of Bitature’s real estate empire in Kampala
CompaniesMarkets

Dfcu names new group and bank chairs

Dfcu Group has appointed experienced business executive Jimmy Mugerwa to chair the financial services company, while Winifred Tarinyeba-Kiryabwire will replace Mr Mugerwa as non-executive chair of Dfcu bank
CompaniesCorporate earnings and resultsMarkets

Growth bounces back in 2021 for Stanbic, but lending stalls

Stanbic Bank said trading gains from debt securities holdings fuelled its profits rebound last year, but a slowdown in economic activity weighed on other revenue streams
A Stanbic Bank Uganda branch
CompaniesCorporate earnings and resultsEnergy, Oil & GasMarkets

Umeme returns to revenue and profits growth

Umeme Limited pointed to an increase in electricity sales and customer connections as the power distributor returned to year on year revenue and profits growth in 2021
Electricity Transformers
CompaniesCorporate earnings and resultsMarkets

MTN boosted by data and mobile money

Uganda's largest telecom company MTN Uganda reported a gain in full-year profit on the back of a jump in data revenue and moderated growth in operating expenses
CompaniesCorporate earnings and resultsMarkets

BATU profit drops for first time in five years

British American Tobacco Uganda, the cigarette distributor, reported a drop in after-tax profit last year amid "an exceptionally challenging operating environment" as weak consumer spending and "illicit trade" hit its sales
British American Tobacco Uganda products
CompaniesCorporate earnings and resultsMarkets

New Vision swings back to half-year profit on government contracts

New Vision Printing and Publishing Company returned to profitability in the second half of 2021 as contracts from the government to publish educational materials and textbooks boosted revenue
CompaniesMarkets

New Vision’s shares resume trading

Shares in New Vision resumed trading on Tuesday after the Uganda Securities Exchange said it had concluded a probe into suspicious trades that led to a "sporadic" drop in the stock's price
An office building
CompaniesMarkets

USE halts trading in New Vision securities

The Uganda Securities Exchange has halted trading in the securities of New Vision, the media group, so it can investigate recent trading of the stock that led to a fall in its price
An office building
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