Markets

CompaniesCorporate earnings and results

Reflecting on 2017 in the banking sector

From preliminary results, total assets of the banking industry increased by 12% from sh23.7 trillion to sh26.5 trillion 2017. Additionally, all banks met the minimum regulatory capital adequacy last December
CompaniesMarkets

Stanbic best-performing bank in government securities for sixth year running

Stanbic Bank was recognised by the central bank as the best performing bank in Uganda government securities in 2017. This makes the bank the winner for the sixth consecutive year
EconomyMarketsPolitics & Policy

Crane Bank was bankrupt when taken over by BoU: Kasekende

Bank of Uganda's deputy governor Lois Kasekende says the successful resolution of Crane Bank in January 2017 is the main reason for the improvement in financial soundness indicators of the banking system last year
CompaniesCorporate earnings and resultsEnergy, Oil & GasMarkets

Shocks ahead for Uganda electricity users as rule change jolts Umeme 2017 profit

Uganda’s largest electricity distributor Umeme saw a 32% drop in earnings before interest, taxes, depreciation and amortization in 2017 after a change in its license clawed away revenues previously earned from excess power sold, its full-year results show
CompaniesCorporate earnings and resultsMarkets

Dfcu posts record profit with Crane Bank deal boost

Dfcu Bank Limited became much bigger after its acquisition of the troubled Crane Bank. Its first full year earnings after the deal reflect its impact and Dfcu's transition into one of Uganda's biggest three banks
A Dfcu Bank branch on Kampala Road
CompaniesCorporate earnings and resultsDigital EconomyMarkets

Stanbic’s digital push helps drive profit rise in 2017

Stanbic Bank Uganda touted the success of its digitisation strategy on Wednesday as operating costs fell 3.2% in 2017 compared to a 17.4% rise in the previous year
A Stanbic Bank Uganda branch
CompaniesCorporate earnings and resultsMarkets

BAT profit rebounds on higher prices, lower costs

An increase in the prices of its cigarettes due to a rise in excise tax and lower operating costs saw British American Tobacco Uganda improve profitability in 2017, financials released by the company on show
Markets

Vivo Energy plans IPO at $3bn value

Vivo Energy Investments BV, which markets and distributes Shell petroleum products in Africa, is planning a public listing in the coming months that could value it at over $3 billion
A Shell petrol station in Kampala, managed by Vivo Energy
CompaniesMarkets

Vision Group profits plunge after it raises provision on debt

New Vision Printing and Publishing Company Ltd said its after-tax profit for the year ended 30 June 2017 had fallen sharply after a decline in revenue and a "huge" provision for doubtful debts
Markets

Dfcu’s Shs200bn rights issue 95.21% subscribed

Dfcu Limited, the holding company of Dfcu Bank, raised Shs190.6bn in a rights offering to settle a shareholder loan
Previous 1…89101112…15 Next