Companies

CompaniesEconomy

Business activity rebounds after March decline

Business activity picked up in April after a month of falls in output and new orders, as demand firmed, a closely watched survey showed Monday
Downtown Kampala, where wholesale and retail trade are the dominant economic activities, close to the Old Taxi Park and St Balikuddembe Market
CompaniesMovers & Shakers

Stanbic Bank names Samuel Mwogeza as interim chief executive, appoints acting executive director

Stanbic Bank Uganda has announced Samuel Mwogeza as the lender's interim chief executive, following the departure of Anne Juuko
Stanbic Bank Uganda has announced Samuel Mwogeza as the lender's interim chief executive, following the departure of Anne Juuko. In addition, Barbara Dokoria has been appointed as interim executive director, replacing Emma Mugisha, who resigned. Ms Dokoria is currently the executive head of compliance.
CompaniesCorporate earnings and resultsMarkets

Stanbic Uganda’s annual net profit rose

Stanbic Uganda Holdings Limited said its annual net profit rose by 15.2 per cent and was mainly driven by its anchor subsidiary, Stanbic Bank Uganda
Crested Towers in Kampala, with the shorter tower housing offices of Stanbic Bank
CompaniesCorporate earnings and resultsEnergy, Oil & GasMarkets

Umeme writes off Sh432.9bn as end of service concession nears

Umeme wrote down Shs432.9bn in assets, an increase of Shs272.9bn from the previous year, to reflect the shorter remaining life of its power distribution concession, resulting in a sharp fall in profits
Electricity infrastructure in Pemba, Tanzania. In May 2010, a submarine cable brought electricity from Tanga to Pemba (and on to the mainland). The cable was buried in the picturesque surroundings of Mkumbuu; three metres into the ground before rising to a mast about 120 metres from the water's edge. The cable continues to the Wesha substation, where "feeders" distribute the power to the island's grid. Norway paid NOK 475 million (out of a total cost of NOK 575 million). Norway also provided technical assistance to the project. The cable is now operated and maintained by the Zanzibar Electricity Corporation (ZECO).
CompaniesMovers & Shakers

Standard Bank appoints Anne Juuko as regional head for global markets

Anne Juuko, the chief executive of Stanbic Bank Uganda, has been appointed as the regional head for global markets, East Africa, at the Standard Bank Group effective 1 April
Crested Towers in Kampala, with the shorter tower housing offices of Stanbic Bank
CompaniesMovers & Shakers

SBG Securities names Grace Semakula as chief executive

Stanbic Holdings Uganda Ltd has appointed Grace Semakula, former investor relations manager at power distributor Umeme, as chief executive of its securities and asset management services subsidiary
Grace Semakula, who has been appointed as the new chief executive officer of SBG Securities Uganda Ltd, speaks at an event held at the Uganda Securities Exchange in 2019. Mr Semakula is the former investor relations manager at power distributor Umeme. A statement by SBG Securities Uganda Ltd said that he has nearly two decades of experience in asset management, brokerage, and the energy and infrastructure sectors, including 12 years in senior positions.
Companies

Cipla Quality Chemical Industries drops Cipla as part of name change

Cipla sold its stake in the drugmaker last November to Africa Capitalworks SSA 3, a Mauritius-based investment vehicle controlled by a South African equity fund
The pharmaceutical manufacturing plant of Quality Chemical Industries Ltd in Luzira, Kampala. The company manufactures and sells antiretroviral medicines for HIV/AIDS, artemisinin-based combination therapies for malaria and hepatitis B medicines using technology from Cipla Limited.
Science & TechnologyTechnology sector

Global sector correction leads to sharp drop in start-up funding

Funding for tech start-ups dried up last year, mirroring a phenomenon seen across the continent and beyond as international funders pulled out in the worst year for venture capital in nine years
You know, you know
CompaniesMarkets

NIC Holdings warns on 2023 profits

Insurance company says it will report significant decline in earnings for the year to December 2023, blaming economy and costs of implementing new accounting standard
A sign at the entrance of the Uganda Securities Exchange in Kampala
CompaniesCorporate earnings and resultsMarketsMedia

Vision Group issues yet another profit warning blaming Covid-19 pandemic

New Vision Printing and Publishing Company issued a profit warning Wednesday, saying it would post a loss for the half year to the end of December
Copies of Uganda's leading English-language dailies, the New Vision and the Daily Monitor, on a newsstand in June 2020
Previous 1…34567…29 Next