Companies

CompaniesMarkets

Cipla Quality Chemicals to list on Uganda Securities Exchange in September

Cipla Quality Chemical Industries Limited, controlled by the Indian pharmaceutical giant Cipla Limited, will become the eighth domestic company to list on the Uganda Securities Exchange next month, according to a preliminary prospectus
CIPLA Quality Chemicals Offices
CompaniesDigital Economy

GSMA ranks Uganda among top tech hubs in Africa

Research by the GSMA Ecosystem Accelerator programme found that there were 355 active tech hubs across Sub-Saharan Africa in 2018, up from 239 in 2016. Nearly half of all the tech hubs are located in five countries, which include Uganda
Startup employees at work in Tanzania
CompaniesPolitics & Policy

Banks should strengthen defences against fake news — Mutebile

In an address to the Uganda Bankers Association, the governor of the Bank of Uganda said false allegations to malign Dfcu had failed. He added that banks should do more to ward off reputational risk by, among other strategies, combatting fake news
A Dfcu Bank branch on Kampala Road
CompaniesDigital EconomyPolitics & Policy

Prime minister, finance minister and IMF resident representative to speak at bankers’ conference

One of the things to watch out for at the annual bankers conference is what bankers say about the new levies on mobile money transactions, especially, which have become a central feature in their digital offerings, and excise duty increases
UBA poster for the 2018 Annual Bankers' Conference
CompaniesMarkets

Dfcu, Arise deny reports that major shareholders are exiting

Dfcu Limited and its wholly owned subsidiary, Dfcu Bank, have denied rumours that its two largest shareholders are seeking to sell their stakes in the company, which is listed on the Uganda Securities Exchange
A Dfcu Bank branch in Kampala
CompaniesDigital Economy

Blockchain is Africa’s future — Famoco CEO

Lionel Baraban, the co-founder and chief executive of French company Famoco, a leader in Android-based transaction devices, believes African countries are better off adopting blockchain instead of bitcoin and other cryptocurrencies
Companies

Uganda is “strategic” to France companies — Veolia Water CEO

Uganda is host to several large French companies not because of its conducive business environment but because of its strategic location
Companies

Barclays Africa to become Absa Group after shareholders approve name change

Barclays Africa Group Ltd shareholders on Tuesday approved that the group changes its name to Absa Group Limited in July, setting in motion the start of one of Africa's largest re-brand projects
An office of Absa Bank in Johannesburg
Companies

Patrick Mweheire, Stanbic chief executive, is new bankers’ lobby chairman

Stanbic Bank Uganda's chief executive officer, Patrick Mweheire, has been elected chairman of the Uganda Banker's Association, taking over from Fabian Kasi who held the position for three years
CompaniesCorporate earnings and resultsMarkets

Uganda Clays sustains momentum, reports Shs2.39bn profit

Uganda Clays Limited has reported after-tax profit of Shs2.39bn, according to the audited financials released in the press on Friday.
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