Companies

CompaniesMergers & Acquisitions

Japan’s Kansai Paint to acquire Sadolin for $87.5 million

Kansai Paint, a Japanese coating company, is looking at acquiring Uganda's Sadolin Paints for $87.5 million in a bid to expand its African footprint.
Top 100 Taxpayers

Company profile: Dfcu Group & Dfcu Bank

Dfcu became a commercial bank in 2000 after taking over and renaming Gold Trust Bank. But it had operated in Uganda since 1964, when it was set up by the Uganda government and the UK's Commonwealth Development Corporation (CDC).
Companies

DFCU takes over Crane Bank

DFCU Bank has taken over Crane Bank, Bank of Uganda revealed today - three months after the troubled lender was placed under statutory management by the central bank.
A Dfcu Bank branch on Kampala Road
CompaniesCorporate earnings and resultsDigital Economy

Post Office delivers Shs1bn profit as turn-around effort begins to pay off

Uganda Post Limited almost doubled its profit from Shs528 million to Shs1.1 billion in the financial year ended June 2016 but full recovery is still stuck in the post, bogged down by inadequate cash flows.
CompaniesMergers & Acquisitions

Nakumatt to sell 25% stake for $75 million to reduce debt burden

Kenyan supermarket chain, Nakumatt Holdings, will sell a 25% stake to a foreign fund for $75 million, its managing director said on Wednesday.
A shopping mall in Kampala
Companies

Cipla Quality Chemical Industries explores IPO

The drugmaker said in a statement that its board is evaluating an initial public offering as part of the company's growth strategy, and has appointed a book runner to manage the process.
CIPLA Quality Chemicals Offices
Companies

Uganda Telecom hits back at MP Nandala Mafabi over critical report

Executives at Uganda Telecom Limited have hit back at claims that the telecom is poorly managed, unstable, and in free fall, insisting that it is going through a turnaround that is "pointing in the right direction."
Companies

Parliament to probe Uganda Telecom over “poor and unstable” management

A report tabled by the Nandala Mafabi, an FDC MP and former leader of opposition in parliament, said that in the last four years the telecom company "has continuously been on a freefall that has now reached alarming levels."
CompaniesMarkets

Trading in Umeme resumes after Actis exits stake

The suspension of trading in shares of Umeme Limited (UMEM) was lifted today at the Uganda Securities Exchange following the exit of former majority stakeholder, Umeme Holdings Limited, a subsidiary of the UK-listed private equity investor Actis.
CompaniesMarkets

USE to lift Umeme trading suspension on Wednesday

The Uganda Securities Exchange will lift the trading suspension on Umeme Limited this Wednesday, 16 November following the sale of the power utility's shares by its former majority stockholder, Umeme Holdings Limited.
Electricity pylons
Previous 1…2223242526…29 Next