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Energy, Oil & Gas
Electricity prices down 1.5% in second quarter
Umeme, the power distributor, will reduce the prices of electricity by 1.5% in the second quarter of 2017, in line with a tariff adjustment by the Electricity Regulatory Authority.
April 9, 2017
Companies
Cipla Quality Chemical Industries to list 31.1% stake in IPO — report
Cipla Quality Chemical Industries Limited, the drugmaker, will list 31.1% of its stock on the Uganda Securities Exchange in its initial public offering, which is still awaiting the regulator's approval.
April 7, 2017
Companies
Corporate earnings and results
Standard Chartered profits quadruple in 2016
Standard Chartered Bank reported profitability bouncing back in 2016 compared with 2015, as a big fall in loan loss provisions brought down total expenses.
April 7, 2017
Corporate earnings and results
Monitor, NTV revenue drops in tough media environment
Severe cost-cutting helped Nation Media Group limited to stem the bleeding from an 8% fall in revenues as a tough business environment hit the region’s largest media firm.
April 6, 2017
Economy
Private sector credit expands in February year-on-year
Commercial bank's credit to the private sector in February grew 7.5% year on year, driven by personal loans and household loans, and more lending to the agriculture and trade sectors.
April 6, 2017
Data
Economy
Trade deficit narrows in February on weak import growth
Uganda's international trade deficit narrowed in February compared to a month earlier on weak import growth, but rose 34.9% year on year.
April 6, 2017
Monthly Brief
Monthly Brief: March 2017
This brief is a roundup of most important political and economic developments that happened in March 2017.
April 5, 2017
Politics & Policy
What a downgrade means for South Africa and what it can do about it
Rating agency Standard & Poor’s (S&P) has cut South Africa’s foreign currency rating to sub-investment grade status. Two other global ratings agencies, Fitch and Moody’s, may well follow suit.
April 4, 2017
Economy
Uganda’s economy rebounded in final three months of 2016
Uganda's economy recorded positive growth in the second quarter of 2016/17 after contracting in the previous quarter, data released by the Uganda Bureau of Statistics on Tuesday show.
April 4, 2017
Corporate earnings and results
Energy, Oil & Gas
Higher finance costs and flat earnings dim Umeme’s profit
Umeme’s net profit fell 5.8% in 2016 to Shs99.7 billion, weighed down by higher financing costs and flat earnings, the power distributor said in full year results released on Monday.
April 3, 2017
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