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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
Energy, Oil & Gas
Mergers & Acquisitions
Total completes acquisition of Gapco
Total S.A. has completed the acquisition of Gulf Africa Petroleum Corporation (Gapco) from India's Reliance Industries Limited following regulatory approvals.
March 30, 2017
Companies
Mergers & Acquisitions
Sanlam to increase presence in East Africa with PineBridge acquisition
The Sanlam Group is set to acquire a majority stake in PineBridge Investments East Africa, increasing its asset management business in East Africa.
March 23, 2017
Companies
Dfcu ends lay-offs, to offer contracts to former Crane Bank employees
Dfcu Bank will offer new contracts to former Crane Bank employees left over from the integration of the two lenders, a memo sent to staff on Monday said. The new contracts will become effective on 1 April.
March 20, 2017
Companies
Uganda to take over UTL after negotiations with Libya collapse
The government is taking over the management of Uganda Telecom Limited after its majority shareholders, Libya Posts Telecommunications & IT Company, said they would no longer fund the cash-strapped telecom.
March 1, 2017
Companies
Uber drivers protest reduced fares
Uber drivers in Kampala are going offline and refusing to take passengers in protest after the company cut fares this month. A section of the drivers says that with the reduced fares, being an Uber driver is no longer a viable business option.
February 25, 2017
Companies
Top 100 Taxpayers
Company profile: Cipla Quality Chemicals Industries Ltd
The drugmaker was established in 2005 as a joint venture between Cipla Limited and Ugandan businessmen. In a government-brokered partnership, Cipla Ltd - one of the world’s leading pharmaceutical manufacturers - joined with a local firm, Quality Chemicals Ltd (QCL), to manufacture antiretroviral and antimalarial drugs locally.
February 25, 2017
Companies
Top 100 Taxpayers
Company profile: Sadolin Paints (U) Ltd
Sadolin Paints Uganda established in 1963, and currently has more than 50% of the local market share. In 2017, Japan's Kansai Paints acquired the company in a deal that was said to be the biggest corporate acquisition in East Africa.
February 25, 2017
Companies
Corporate earnings and results
Vision Group sees revenue fall on reduced circulation and low economic activity
A decline in revenue from commercial printing and circulation was the biggest contributor to the fall in net profit of New Vision Printing and Publishing Company Ltd in the half year to 31 December 2016, unaudited results released on Friday show.
February 24, 2017
Companies
Movers & Shakers
Standard Chartered names new CEO as Kasekende moves to Zambia
Standard Chartered Bank has a new chief executive officer, who is replacing Herman Kasekende, who is moving to the bank's subsidiary in Zambia. Albert Saltson - Mr Kasekende's successor - has been the chief executive of Standard Chartered in Gambia
February 21, 2017
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