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AF Mpanga retains top spot in corporate law firm rankings

No change from last year's top ten Ugandan corporate law firms in IFLR1000 rankings
A woman signing a contract with a ballpoint pen
CompaniesCorporate earnings and results

Cipla Quality Chemical Industries first-half profit falls on rising expenses

Cipla Quality Chemical Industries posted a 74.3 per cent fall in its net profit for the six months to September 2023, despite growth in sales, as expenses increased
CompaniesMergers & Acquisitions

Quality Chemical Industries gets new owner as Cipla exits

Africa Capitalworks SSA 3, an investment vehicle based in Mauritius, is the new majority shareholder of the pharmaceutical company
A group of men on a guided tour, directed by another man, in a pharmaceuticals factory
CompaniesMovers & Shakers

Umeme COO to leave company

Umeme's chief operating officer and executive director to step down from both roles after 11 years with the company
Florence Nansubuga, left, at an Umeme event in May 2018. Ms Nansubuga, who has been Umeme's chief operations officer since 2012, and a board member since March 2015, told the company's board on 16 November that she is leaving for another job in the energy/electricity sector. She previously worked for the Uganda Electricity Distribution Company, Umeme's predecessor, on behalf of which it holds the electricity distribution concession. Umeme's concession to operate the country's electricity distribution system expires in March 2025 and will not be renewed, with the government preferring a state-owned utility to take over.
CompaniesPress Releases

Jubilee Health launches wellness initiatives to combat rising non-communicable diseases

Maisha FiTi provides support and guidance on physical and mental wellbeing, and is designed to meet the individual needs of each member
Individuals participating in a group exercise session on stationary bikes at an event unveiling a new wellness programme by Uganda's Jubilee Health Insurance
CompaniesMergers & Acquisitions

Uganda’s Sarrai buys Hima Cement from Swiss Holcim Group

Sarrai Group and another Ugandan company will own 100 per cent of Hima Cement and its Rwandan subsidiary once the transaction closes
Hima Cement's plant in Kasese, western Uganda
CompaniesCorporate earnings and resultsMarkets

Cipla Quality Chemicals warns 1H profit to drop

Drug maker says last year's rise in profit for the same period was the result of the recovery of a previously written-off trade receivable
Science & TechnologyTechnology sector

Innovation should not be taxed, Museveni says as he promises support for start-ups

President says government will consider setting up a Sh500bn fund for science and innovation, and offer tax breaks for start-ups
(L-R) President Yoweri Museveni, Janet Museveni, first lady and minister of education, & Monica Musenero, science minister at the National Science Exhibition, Kololo Independence Grounds, Friday 10 November
CompaniesMarkets

Airtel stock subdued in debut week

Few takers for Airtel's shares despite no shortage of offers, as IPO investors looked to cash in their bonus stock
Airtel Uganda's board chair Hannington Karuhanga rings the opening bell with other officials and guests during the company's listing on the Uganda Securities Exchange in Kampala on Tuesday
CompaniesMergers & Acquisitions

Olea Insurance expands into Uganda with Ballpark Insurance Group stake

Deal to buy Ugandan firm is latest move by French insurance broker to expand its African footprint, which now spans 25 countries
Downtown Kampala - picture taken from a distance
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