Markets

CompaniesMarkets

Cipla Quality Chemicals to list on Uganda Securities Exchange in September

Cipla Quality Chemical Industries Limited, controlled by the Indian pharmaceutical giant Cipla Limited, will become the eighth domestic company to list on the Uganda Securities Exchange next month, according to a preliminary prospectus
CIPLA Quality Chemicals Offices
CompaniesMarkets

Dfcu, Arise deny reports that major shareholders are exiting

Dfcu Limited and its wholly owned subsidiary, Dfcu Bank, have denied rumours that its two largest shareholders are seeking to sell their stakes in the company, which is listed on the Uganda Securities Exchange
A Dfcu Bank branch in Kampala
EconomyMarkets data

The shilling to hit Shs4000 against US dollar – Barclays Africa

The Uganda shilling will this July hit Shs4000 mark against the dollar, economists from Barclays Africa Group predict
Markets

Sudhir made Shs582 million from Stanbic last year

Sudhir Ruparelia, Uganda’s beleaguered tycoon, got upto Shs582million from his shareholding in the listed bank.
A Stanbic Bank Uganda branch
Corporate earnings and results

Centenary Bank 2017 profits drop 8.8%

Centenary Bank made a net profit of Shs100.3bn after tax in 2017, dropping 8.8% from the previous year’s Shs109.9bn
People queueing to use an ATM outside a bank
Corporate earnings and results

Finance Trust doubles net profit after a difficult 2016

Finance Trust Bank has reported a 131% increase in after-tax profit after a difficult 2016
Markets

International investment funds biggest winners in Umeme dividend payments

International investment funds – with the exception of the National Social Security Fund - will be the biggest earners from the Umeme Ltd dividend payout
Markets

Nine PE exits in Uganda in the last decade

The most publicly reported exit in Uganda was the 2016 Actis exit of Umeme. Actis invested in the power distributor in March 2005.
CompaniesCorporate earnings and resultsMarkets

Uganda Clays sustains momentum, reports Shs2.39bn profit

Uganda Clays Limited has reported after-tax profit of Shs2.39bn, according to the audited financials released in the press on Friday.
CompaniesCorporate earnings and results

Standard Chartered says restructuring is paying off as costs, and income, decline in 2017

Standard Chartered's financials for 2017 show a narrowing in profitability and revenue, following strong growths in 2016. But, in keeping with a statement released by its chief executive affirming the success of its restructuring plan, total expenses fell for the second straight year
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