Companies

Companies

Star Café revitalises brand for more sales

To actualise the survey, Star Café again sought out PSFU. This time, the funding came from the Matching Grant Facility – financed by the International Development Association of the World Bank Group – which the company applied for at the beginning of 2016. The coffee company was awarded a $35, 250 grant in April 2016.
Top 100 Taxpayers

Company profile: Umeme Limited

Umeme Limited is the main electricity distribution company in Uganda operating on a 20-year electricity concession from the Government of Uganda effective 1st March 2005
CompaniesData

Newspaper circulation: Bukedde, New Vision make gains in Q1 as Monitor drops

Vision Group titles performed well in the first quarter, picking up subscribers, while Daily Monitor continued to shed them, data from South Africa's Audit Bureau of Circulations shows
Companies

Crane Bank Rwanda to be sold to CBA — report

Crane Bank Rwanda is to be acquired by the Commercial Bank of Africa, according to a report by Rwanda's New Times newspaper.
Companies

To cut costs, Nakumatt will close more poorly performing branches in Uganda and Kenya

Nakumatt Holdings, the Kenyan retailer, has said it plans to close more branches in Kenya and Uganda in a restructuring exercise it says will save it Shs52.8bn (KShs1.5bn) annually.
CompaniesCorporate earnings and results

Securities trading income boosts Bank of Baroda profits

Bank of Baroda reported a 19.70% rise in after-tax profits for 2016, on the back of a bumper performance in its treasury department, financials released on Friday showed.
CompaniesDigital Economy

Chinese brands drive Jumia smartphone sales

The website's monthly visitors in 2016 increased to 200,000, a 12% rise from 2015. Most visitors - 80% - access the site through mobile phones, and 69% of them go on to place an order.
CompaniesCorporate earnings and results

Barclays profits dip slightly to Shs55bn

An increase in the expenses set aside for bad loans and customer defaults saw total expenses rise faster than revenue at Barclays Bank last year, leading to a slight decline in after-tax profits.
CompaniesCorporate earnings and results

NC Bank profits drop 35% in 2016

NC Bank Uganda, a subsidiary of Kenya's NIC Bank Group, saw its after-tax profits drop 34.95% in 2016 on the back of rising expenses, results released on Wednesday show.
CompaniesCorporate earnings and results

Centenary Bank loan growth pushes profits to Shs109.9bn in 2016

Centenary Bank profits rose 8.18% to Shs109.9bn in 2016, the bank announced on Monday, largely on the back of a rise in interest income on loans and advances.
People queueing to use an ATM outside a bank
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