Markets

CompaniesCorporate earnings and resultsMarkets

Dfcu warns profit will be hit by loan provisions

Dfcu Group warned Friday its full-year earnings for 2021 will fall by as much as 25 per cent on an increase in loan-loss provisions and the impairment of some assets acquired from Crane Bank
Markets

Baroda bucks banking sector trend with strong 2020 earnings

The bank kept bad loans and operating expenses in check while posting gains in trading securities
CompaniesMarketsMovers & ShakersPolitics & Policy

Vision Group names Don Wanyama as new chief executive

Vision Group has announced that Don Wanyama, the senior press secretary to the president, will take over as chief executive
An office building
CompaniesCorporate earnings and resultsMarkets

Soaring loan-loss provisions lead to first profit fall in seven years at Stanbic

Decline in net profit, the first in seven years, follows strengthened provisions against losses from borrowers hit by the coronavirus
A Stanbic Bank branch in Kampala
CompaniesCorporate earnings and resultsMarkets

Umeme profits slide on suspension of free connections

Power distributor Umeme Limited on Tuesday blamed a "challenging operating and regulatory environment" for the sharp fall in 2020 profits
Electricity pylons
CompaniesCorporate earnings and resultsMarkets

BAT Uganda profits rise sharply on lower operating costs

British American Tobacco Uganda reported its strongest growth in profits in three years as cost-cutting measures in response to the Covid-19 pandemic more than made up for the hit to cigarette sales
Markets

Why companies go public – and emerging offer trends

The IPO is the first part of a company going public; public companies can access the stock market to raise money from investors in exchange for the promise of future profits and returns
A dandy businessperson, opening a newspaper
CompaniesCorporate earnings and resultsMarkets

Cipla Quality Chemicals posts loss as exports decline

Cipla Quality Chemical's exports fell sharply, largely as a result of suspending sales to the government of Zambia following delayed payments, leading to a decline in revenue and the company's first loss since listing in 2018
CIPLA Quality Chemicals Offices
CompaniesCorporate earnings and results

Standard Chartered reports strongest profits since 2016

Standard Chartered Bank Uganda's net revenue for 2019 grew at its fastest in three years as interest income rebounded, driven by interest from loans and advances, and from investment securities
A Standard Bank branch in Jinja
CompaniesCorporate earnings and results

Absa profits rebound on lending income boost

Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda, returned to profit growth in 2019 on the back of stronger growth in lending income and a rebound in interest from trading securities
An office of Absa Bank in Johannesburg
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