Companies

CompaniesMovers & Shakers

Bank of Baroda replaces managing director

Birbal Singh Dhaka, who was managing director from December 2013, left the position.
MarketsMergers & Acquisitions

Dfcu has a new majority shareholder after South Africa-based Arise takes stake

Arise B.V., an investment company based in Cape Town, has acquired a majority stake in dfcu Limited, the holding company of dfcu Bank.
CompaniesCorporate earnings and results

Exim Bank falls to Shs4bn loss in 2016

Exim Bank became the first bank to report a loss for 2016, as a dip in activity dragged down its revenues. Profit after tax fell 275% compared to 2015, to a Shs4.1bn loss, because of a decline in revenue to Shs32.5bn from Shs36.3bn in 2015.
Companies

Firms faced stricter lending standards in first three months of 2017

Banks applied stricter standards on loans to enterprises in the first three months of 2017 compared to the last quarter of 2016, a Bank of Uganda survey found.
Bank signposts at Oasis Mall, Kampala
Companies

Twelve Uganda-based firms in LSE’s ‘Companies to Inspire Africa’ report

A report by the London Stock Exchange Group on Africa's most "inspirational and dynamic" small and medium-sized enterprises names 12 Ugandan companies among the 343 nominated companies.
Companies

Cipla Quality Chemical Industries to list 31.1% stake in IPO — report

Cipla Quality Chemical Industries Limited, the drugmaker, will list 31.1% of its stock on the Uganda Securities Exchange in its initial public offering, which is still awaiting the regulator's approval.
CIPLA Quality Chemicals Offices
CompaniesCorporate earnings and results

Standard Chartered profits quadruple in 2016

Standard Chartered Bank reported profitability bouncing back in 2016 compared with 2015, as a big fall in loan loss provisions brought down total expenses.
Energy, Oil & GasMergers & Acquisitions

Total completes acquisition of Gapco

Total S.A. has completed the acquisition of Gulf Africa Petroleum Corporation (Gapco) from India's Reliance Industries Limited following regulatory approvals.
Total fuel station in Kampala
CompaniesMergers & Acquisitions

Sanlam to increase presence in East Africa with PineBridge acquisition

The Sanlam Group is set to acquire a majority stake in PineBridge Investments East Africa, increasing its asset management business in East Africa.
Companies

Dfcu ends lay-offs, to offer contracts to former Crane Bank employees

Dfcu Bank will offer new contracts to former Crane Bank employees left over from the integration of the two lenders, a memo sent to staff on Monday said. The new contracts will become effective on 1 April.
A Dfcu Bank branch on Kampala Road
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