Companies

Companies

Stanbic business incubator graduates 420

420 entrepreneurs from 119 small and medium enterprises participated in the incubator's entrepreneurship development program focused on getting their companies to desired standards in the oil and gas industry
A group photo at an event
Companies

Africell secures $100m Opic loan to expand in Uganda and DR Congo

The Overseas Private Investment Corporation, the US government development finance institution, is lending $100m to telecom company Africell Holdings Limited to expand its mobile telephone and internet services in its countries of operation
Africell Uganda outdoor advertising road sign board
CompaniesPolitics & Policy

Government considers taxing PayWay, Ezeemoney and similar platforms

The government is mooting imposing taxes on "alternative" payment platforms like PayWay, Ezeemoney, and agent banking because the recently introduced mobile money tax does not apply to them, according to the state minister for finance
A mobile money kiosk in downtown Kampala. Credit: Edgar Batte/Uganda Business News
CompaniesCorporate earnings and resultsMarkets

Dfcu Group’s first-half profits “normalise” after Crane Bank integration

Dfcu Group, the parent company of Dfcu Bank, posted a decline in half-year income and profits, which an accompanying statement said had "normalised following the integration of the acquired net assets of Crane Bank Limited".
A Dfcu Bank branch in Kampala
CompaniesTravel & Tourism

Uganda Airlines to launch in 2019 with flights to 19 destinations

The revived Uganda Airlines will commence operations early next year with flights to some 19 destinations around Africa, and add international flights by 2024, according to its chief executive
Ground support equipment at Entebbe International Airport
Companies

Data and mobile money drive Airtel Uganda’s strong growth in 2017

Airtel Uganda Limited, Uganda's second largest telecom, reported solid income growth during the 2017 calendar year as revenue improved while expenses dropped
Companies

Uganda’s largest mining venture in 30 years to open in October

At least $620m (Shs2.2trillion) is expected to be invested in the Osukuru Industrial Project, making it Uganda’s biggest mining venture since the Kilembe copper and cobalt mines in Kasese district.
Guangzhou Dongsong Energy President & Uganda Ministers in Tororo district
CompaniesCorporate earnings and resultsMarkets

Stanbic Bank Uganda profits rebound on fees and trading income in first half of 2018

Profit growth at Stanbic Bank - Uganda's largest bank by assets - picked up a little pace in the first half of 2018 following a decline last year. Still, the bank's primary source of income continued declining due to central bank rate cuts.
A Stanbic Bank Uganda branch
CompaniesCorporate earnings and resultsMarkets

MTN Uganda half year revenue lifted by digital growth – and constant currency reporting

Uganda's largest telecom MTN Uganda benefitted from a reduction in commissions paid to its mobile money agents in the first six months of this year, with an acceleration in income from digital streams driving revenue growth.
MTN Offices in Kampala
CompaniesMarkets

BAT Uganda’s half-year profits rebound on lower costs

British American Tobacco Uganda, the country's biggest cigarette importer and distributor, posted a bounce back in its half-year profits following the regularisation of its costs.
British American Tobacco Uganda products
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