Companies

CompaniesCorporate earnings and results

Standard Chartered says restructuring is paying off as costs, and income, decline in 2017

Standard Chartered's financials for 2017 show a narrowing in profitability and revenue, following strong growths in 2016. But, in keeping with a statement released by its chief executive affirming the success of its restructuring plan, total expenses fell for the second straight year
Companies

Barclays Bank reports strong rebound in 2017 earnings

Barclays Bank of Uganda Limited has reported a rebound in after-tax profit growth following a slight dip in 2016
CompaniesCorporate earnings and results

Reflecting on 2017 in the banking sector

From preliminary results, total assets of the banking industry increased by 12% from sh23.7 trillion to sh26.5 trillion 2017. Additionally, all banks met the minimum regulatory capital adequacy last December
CompaniesMarkets

Stanbic best-performing bank in government securities for sixth year running

Stanbic Bank was recognised by the central bank as the best performing bank in Uganda government securities in 2017. This makes the bank the winner for the sixth consecutive year
CompaniesCorporate earnings and resultsEnergy, Oil & GasMarkets

Shocks ahead for Uganda electricity users as rule change jolts Umeme 2017 profit

Uganda’s largest electricity distributor Umeme saw a 32% drop in earnings before interest, taxes, depreciation and amortization in 2017 after a change in its license clawed away revenues previously earned from excess power sold, its full-year results show
CompaniesCorporate earnings and resultsMarkets

Dfcu posts record profit with Crane Bank deal boost

Dfcu Bank Limited became much bigger after its acquisition of the troubled Crane Bank. Its first full year earnings after the deal reflect its impact and Dfcu's transition into one of Uganda's biggest three banks
A Dfcu Bank branch on Kampala Road
CompaniesCorporate earnings and resultsDigital EconomyMarkets

Stanbic’s digital push helps drive profit rise in 2017

Stanbic Bank Uganda touted the success of its digitisation strategy on Wednesday as operating costs fell 3.2% in 2017 compared to a 17.4% rise in the previous year
A Stanbic Bank Uganda branch
Companies

There’s no more life left in Vodafone, audit shows

Vodafone Uganda is no more after the Vodafone Group terminated its partner market agreement in Uganda with the Afrimax Group. The two signed the contract in 2014 to offer voice and data products and services using the ‘Vodafone Uganda’ brand
CompaniesPolitics & Policy

Government to continue with tax case against BAT Uganda

The government will continue pursuing a tax case against British American Tobacco Uganda, William Byaruhanga, the attorney general told Parliament on Tuesday
Cigarettes manufactured and distributed by British American Tobacco in Uganda
CompaniesDigital Economy

UCC bans vending of airtime, simcards

The telecommunications regulator, Uganda Communications Commission (UCC), has outlawed vending of airtime and simcards on streets and other unlicensed locations across the country
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