Umeme’s revenues rebound, profit takes a hit from write-off
The company announced a dividend of Shs24 per share to be paid by 29 February 2024
Uganda Business News
Stanbic Uganda Holdings Limited: Director appointments
Stanbic Uganda Holdings Limited is pleased to inform its shareholders and the public of the appointment of Yinka Sanni and Mona Muguma Ssebuliba to fill causal vacancies as non-executive directors
World Bank’s loan freeze tests its supposed non-political stance
The World Bank’s recent decision to halt new loans to Uganda over its anti-homosexuality law highlights the blurred lines between economics and politics, raising questions about its approach to navigating complex social issues
Monetary Policy Statement for August 2023: the BoU’s full statement
Bank of Uganda cut rates by 0.5 per cent Tuesday, the first adjustment since October 2022, responding to recent economic indicators highlighting the risk of a slowdown in GDP growth. You can read the full statement here
Kate Kiiza named Dfcu Bank executive director amid leadership overhaul
Leadership shifts continue at Dfcu Bank as Kate Kiiza takes on chief commercial officer role
Mahathi Infra Uganda secures investment from the Africa Finance Corporation
Investment by the Lagos-based multilateral development finance institution will bring the Lake Victoria fuel transportation project closer to completion
Airtel Uganda to list shares on local bourse
Uganda’s second largest mobile operator will list 8bn shares, representing 20 per cent of the company’s stock, by 16 December 2023
Kenya’s election should ring alarm bells on digital influence campaigns
Online influencers played a significant role in shaping the outcome of Kenya’s 2022 election, partly by amplifying misleading narratives. African countries preparing for elections should be on guard
Bitature, South African lender fight over $30m property loan
A long-running fight between Ugandan businessman Patrick Bitature and Vantage Capital has gone a notch higher with the lender seeking to auction the jewels of Bitature’s real estate empire in Kampala
Mwai Kibaki wasted opportunity to fix Kenya
Kenya’s third president initially enjoyed broad goodwill among his own population until he failed to confront the gross excesses he had promised he would reform