Companies

Companies

Nigeria’s Agusto affirms Shelter Afrique ratings, stable outlook

Nigerian rating agency affirms A (Kenya) and A+ (Nigeria) ratings to Nairobi-based Shelter Afrique Development Bank, which focuses on supporting housing and urban growth across the continent
Apartment complexes in Nalya, a suburb in Kampala, Uganda's capital
CompaniesMarkets

Airtel IPO slim by Shs588.6bn

NSSF sole institutional investor in the offering, buying 52.75% of the available shares – and 96.9% of total shares sold
Airtel Uganda officials at a press conference
CompaniesMovers & Shakers

Liquid Intelligent Technologies appoints Michael Mukasa as chief

Mr Mukasa replaces Dennis Kahindi, who joined Airtel Uganda in July
A portrait photo of Michael Mukasa, the new chief executive officer at Liquid Intelligent Technologies Uganda
CompaniesCorporate earnings and results

Mobile money, data drive MTN revenue growth in Q3

MTN Uganda's revenue for the first three quarters increased by 15.9% compared to the same period last year
A person withraws money from their mobile money account in Uganda
Companies

Benchmark Solutions signs Shs43.8bn funding deal with Mbarara Makhan Singh Association to renovate market

The Shs43.8 billion loan will be used to transform the outdated market into a modern, seven-storey shopping centre
A male (left) and female (female) executive, both seated, signing a funding agreement between their two companies
AgricultureCompanies

Coffee firm that pays farmers ‘competitive prices’ gets Sh3.2bn in investment funding

JKCC General Supplies says it buys coffee from rural farmers at fair prices and pays them on time, freeing them from extortionate middlemen
A woman harvests coffee berries in Yangambi, DR Congo
CompaniesMarkets

Airtel doubles incentive shares for IPO investors

Airtel Uganda has increased the number of bonus shares on offer to investors in its initial public offering on the Uganda Securities Exchange, days before the listing closes
Airtel Uganda officials at a press conference
EconomyMergers & Acquisitions

Investment survey ranks Uganda among top ten sub-Saharan prospects

Uganda is among the top ten countries in sub-Saharan Africa where companies are looking to invest or expand over the next few years
Solar panels at a power plant
CompaniesMarkets

Airtel extends IPO closing date

Airtel Uganda has postponed the closing date for its initial public offering to 27 October from the original date of 13 October
An Airtel Uganda promotional poster at a hotel in Kampala in 2023
CompaniesCorporate earnings and resultsMarkets

New Vision slumps to its second annual loss

New Vision reported a sharp drop in earnings for the year ended June, dragged down by the poor performance of its recently added publishing revenue stream
A newspaper stand
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