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Chinese brands drive Jumia smartphone sales
The website's monthly visitors in 2016 increased to 200,000, a 12% rise from 2015. Most visitors - 80% - access the site through mobile phones, and 69% of them go on to place an order.
May 2, 2017
Companies
Corporate earnings and results
Barclays profits dip slightly to Shs55bn
An increase in the expenses set aside for bad loans and customer defaults saw total expenses rise faster than revenue at Barclays Bank last year, leading to a slight decline in after-tax profits.
May 1, 2017
Companies
Corporate earnings and results
NC Bank profits drop 35% in 2016
NC Bank Uganda, a subsidiary of Kenya's NIC Bank Group, saw its after-tax profits drop 34.95% in 2016 on the back of rising expenses, results released on Wednesday show.
April 26, 2017
Companies
Corporate earnings and results
Centenary Bank loan growth pushes profits to Shs109.9bn in 2016
Centenary Bank profits rose 8.18% to Shs109.9bn in 2016, the bank announced on Monday, largely on the back of a rise in interest income on loans and advances.
April 24, 2017
Companies
Movers & Shakers
Bank of Baroda replaces managing director
Birbal Singh Dhaka, who was managing director from December 2013, left the position.
April 19, 2017
Markets
Mergers & Acquisitions
Dfcu has a new majority shareholder after South Africa-based Arise takes stake
Arise B.V., an investment company based in Cape Town, has acquired a majority stake in dfcu Limited, the holding company of dfcu Bank.
April 19, 2017
Companies
Corporate earnings and results
Exim Bank falls to Shs4bn loss in 2016
Exim Bank became the first bank to report a loss for 2016, as a dip in activity dragged down its revenues. Profit after tax fell 275% compared to 2015, to a Shs4.1bn loss, because of a decline in revenue to Shs32.5bn from Shs36.3bn in 2015.
April 12, 2017
Companies
Firms faced stricter lending standards in first three months of 2017
Banks applied stricter standards on loans to enterprises in the first three months of 2017 compared to the last quarter of 2016, a Bank of Uganda survey found.
April 10, 2017
Companies
Twelve Uganda-based firms in LSE’s ‘Companies to Inspire Africa’ report
A report by the London Stock Exchange Group on Africa's most "inspirational and dynamic" small and medium-sized enterprises names 12 Ugandan companies among the 343 nominated companies.
April 10, 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
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