Companies

Companies

Uganda to take over UTL after negotiations with Libya collapse

The government is taking over the management of Uganda Telecom Limited after its majority shareholders, Libya Posts Telecommunications & IT Company, said they would no longer fund the cash-strapped telecom.
Companies

Uber drivers protest reduced fares

Uber drivers in Kampala are going offline and refusing to take passengers in protest after the company cut fares this month. A section of the drivers says that with the reduced fares, being an Uber driver is no longer a viable business option.
CompaniesTop 100 Taxpayers

Company profile: Cipla Quality Chemicals Industries Ltd

The drugmaker was established in 2005 as a joint venture between Cipla Limited and Ugandan businessmen. In a government-brokered partnership, Cipla Ltd - one of the world’s leading pharmaceutical manufacturers - joined with a local firm, Quality Chemicals Ltd (QCL), to manufacture antiretroviral and antimalarial drugs locally.
CIPLA Quality Chemicals Offices
CompaniesTop 100 Taxpayers

Company profile: Sadolin Paints (U) Ltd

Sadolin Paints Uganda established in 1963, and currently has more than 50% of the local market share. In 2017, Japan's Kansai Paints acquired the company in a deal that was said to be the biggest corporate acquisition in East Africa.
CompaniesCorporate earnings and results

Vision Group sees revenue fall on reduced circulation and low economic activity

A decline in revenue from commercial printing and circulation was the biggest contributor to the fall in net profit of New Vision Printing and Publishing Company Ltd in the half year to 31 December 2016, unaudited results released on Friday show.
CompaniesMovers & Shakers

Standard Chartered names new CEO as Kasekende moves to Zambia

Standard Chartered Bank has a new chief executive officer, who is replacing Herman Kasekende, who is moving to the bank's subsidiary in Zambia. Albert Saltson - Mr Kasekende's successor - has been the chief executive of Standard Chartered in Gambia
Companies

Bukedde recovery continues in Q4, while English dailies decline

The trend is unchanged from the previous quarter; while Uganda's two leading English-language dailies recorded drops in circulation, Bukedde - the Luganda daily published by Vision Group - sold more copies than in the previous period.
Companies

South Africa-based fund Arise lends $50 million to dfcu

Arise, an investment company based in Cape Town, is lending $50 million to dfcu Bank to help cover short-term capitalisation of the lender, weeks after it purchased the insolvent Crane Bank.
A Dfcu Bank branch in Kampala
Companies

Uber cuts fares in face of increased competition

Uber has lowered prices for its cheaper uberX option in Kampala; the new fares came into effect on 9 February.
CompaniesMergers & Acquisitions

Kansai Paint agrees acquisition of Sadolin’s East Africa operations

Kansai Plascon Africa Limited, a subsidiary of the Osaka-based Kansai Paint Co, has reached a binding agreement for the full acquisition of Sadolin Paints' operations in Uganda, Kenya, Tanzania, Zanzibar, and Burundi, according to a company statement.
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