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Movers & Shakers
Standard Bank appoints Anne Juuko as regional head for global markets
Anne Juuko, the chief executive of Stanbic Bank Uganda, has been appointed as the regional head for global markets, East Africa, at the Standard Bank Group effective 1 April
March 5, 2024
Companies
Movers & Shakers
SBG Securities names Grace Semakula as chief executive
Stanbic Holdings Uganda Ltd has appointed Grace Semakula, former investor relations manager at power distributor Umeme, as chief executive of its securities and asset management services subsidiary
March 1, 2024
Companies
Markets
NIC Holdings warns on 2023 profits
Insurance company says it will report significant decline in earnings for the year to December 2023, blaming economy and costs of implementing new accounting standard
February 2, 2024
Companies
Markets
Vision Group issues yet another profit warning blaming Covid-19 pandemic
New Vision Printing and Publishing Company issued a profit warning Wednesday, saying it would post a loss for the half year to the end of December
February 1, 2024
Banking
Companies
Economy
Bank of Uganda shuts down EFC Uganda, takes control
Bank of Uganda shut down the microfinance institution on Friday, citing failure to meet minimum capital requirements and 'poor corporate governance'
January 19, 2024
Companies
Energy, Oil & Gas
Markets
Umeme issues profit warning, blames assets writedown
Accounting charge relates to the writedown of the utility's non-current intangible assets over the shorter of the remaining term of its distribution concession or their useful life
January 17, 2024
Food & Beverage
Coca-Cola in Africa: a long history of shrewd marketing and political alliances
Coke's history in Africa is deeply and often surprisingly intertwined with key moments, including the emergence of postcolonial nations and the end of Apartheid in South Africa
January 2, 2024
Companies
Digital Economy
Jumia to close food delivery business
In a bid to cut losses, Jumia is downsizing, cutting costs, and shutting down its unprofitable food delivery business
December 14, 2023
Companies
Movers & Shakers
Stanbic Holdings names Francis Karuhanga next chief executive
Stanbic Uganda Holdings appointed Francis Karuhanga as its next chief executive and executive director on its board
December 13, 2023
Companies
Energy, Oil & Gas
Mergers & Acquisitions
Ionic Rare Earths increases stake in Makuutu project to 94%, says deal will ease financing negotiations
Mine expected to start production in first quarter next year, albeit small scale and for potential customers and off-takers
December 12, 2023
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