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Companies
Bukedde recovery continues in Q4, while English dailies decline
The trend is unchanged from the previous quarter; while Uganda's two leading English-language dailies recorded drops in circulation, Bukedde - the Luganda daily published by Vision Group - sold more copies than in the previous period.
February 17, 2017
Companies
South Africa-based fund Arise lends $50 million to dfcu
Arise, an investment company based in Cape Town, is lending $50 million to dfcu Bank to help cover short-term capitalisation of the lender, weeks after it purchased the insolvent Crane Bank.
February 13, 2017
Companies
Uber cuts fares in face of increased competition
Uber has lowered prices for its cheaper uberX option in Kampala; the new fares came into effect on 9 February.
February 10, 2017
Companies
Mergers & Acquisitions
Kansai Paint agrees acquisition of Sadolin’s East Africa operations
Kansai Plascon Africa Limited, a subsidiary of the Osaka-based Kansai Paint Co, has reached a binding agreement for the full acquisition of Sadolin Paints' operations in Uganda, Kenya, Tanzania, Zanzibar, and Burundi, according to a company statement.
February 8, 2017
Companies
Mergers & Acquisitions
Japan’s Kansai Paint to acquire Sadolin for $87.5 million
Kansai Paint, a Japanese coating company, is looking at acquiring Uganda's Sadolin Paints for $87.5 million in a bid to expand its African footprint.
January 30, 2017
Top 100 Taxpayers
Company profile: Dfcu Group & Dfcu Bank
Dfcu became a commercial bank in 2000 after taking over and renaming Gold Trust Bank. But it had operated in Uganda since 1964, when it was set up by the Uganda government and the UK's Commonwealth Development Corporation (CDC).
January 30, 2017
Companies
DFCU takes over Crane Bank
DFCU Bank has taken over Crane Bank, Bank of Uganda revealed today - three months after the troubled lender was placed under statutory management by the central bank.
January 27, 2017
Companies
Corporate earnings and results
Digital Economy
Post Office delivers Shs1bn profit as turn-around effort begins to pay off
Uganda Post Limited almost doubled its profit from Shs528 million to Shs1.1 billion in the financial year ended June 2016 but full recovery is still stuck in the post, bogged down by inadequate cash flows.
January 25, 2017
Companies
Mergers & Acquisitions
Nakumatt to sell 25% stake for $75 million to reduce debt burden
Kenyan supermarket chain, Nakumatt Holdings, will sell a 25% stake to a foreign fund for $75 million, its managing director said on Wednesday.
January 19, 2017
Companies
Cipla Quality Chemical Industries explores IPO
The drugmaker said in a statement that its board is evaluating an initial public offering as part of the company's growth strategy, and has appointed a book runner to manage the process.
November 21, 2016
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