Companies

CompaniesMovers & Shakers

Uganda attorney-general appointed to Centum board

Uganda's attorney-general, William Byaruhanga, was this week appointed to the board of Nairobi-listed Centum, in a move the investment company says is in line with its transition from "a national to a continental company."
Companies

Social media message on Crane Bank inaccurate, says BoU (Updated)

"Guys, if you know anyone with money in Crane Bank, tell them to remove it... Within the next week," the message circulating on WhatsApp on Thursday morning said. It was signed: "Insider BoU." Bank of Uganda has denied the message.
Mergers & Acquisitions

Opportunity Bank acquired by international fintech company

Opportunity Bank Uganda has been acquired by the MyBucks Group, a Luxembourg-based financial technology (fintech) company that has operations in ten other African countries. MyBucks announced the acquisition in a statement.
Companies

Vodafone to end unlimited plans on 31 October, introduces new bundles

Vodafone's unlimited plans will no longer be available after 31 October, a company representative told Uganda Business News. The telecom is now offering three new additional monthly plans: 20GB (at Shs220,000), 40GB (Shs330,000), and 80GB (Shs450,000).
CompaniesCorporate earnings and results

Printing keeps New Vision in black ink with Shs4.9bn profit

Profit before tax was flat at Shs7.4bn and the company had Shs5bn in cash and cash equivalents, down from Shs10.7bn at the end of last financial year. Cash from operating activities moved significantly from Shs14.1 billion in FY2014/15 to Shs2.5 billion.
Companies

Decoding the Daily Monitor and Jumia Food partnership

The partnership will see the two companies capitalising on each other's strengths. Jumia Food has probably the only decent business-to-consumer delivery operation in Kampala which will help Monitor, while Jumia is eyeing Monitor's wide online reach.
CompaniesTop 100 Taxpayers

Company profile: Tororo Cement Ltd

Tororo Cement Ltd manufactures and distributes cement and other materials used in construction. It is one of Uganda's largest industries, manufacturing about 1.8 million metric tonnes of cement per annum.
CompaniesCorporate earnings and results

Bank of Baroda half year profit up 28%

Bank of Baroda Uganda posted after-tax profits of Shs24.98 billion in the first half of this year compared to Shs19 billion in the same period last year, a growth of 28.59%, according to unaudited results released today.
CompaniesCorporate earnings and results

NIC reports 132% growth in half year profit

NIC Holdings Limited (NIC) reported a 132.81% growth in half year profit to Shs4.44 billion ($1.31 million) compared to Shs1.91 billion in the first half of 2015, unaudited results released on Monday show.
An office tower in Kampala
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