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Airtel plans to raise Shs800bn in IPO
Airtel Uganda Limited expects to raise as much as Shs800 billion ($215.2m) in an initial public offering, which would value the telecom at Shs4 trillion (nearly $1.1bn)
August 29, 2023
Companies
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
August 21, 2023
Companies
Corporate earnings and results
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Uganda Clays issues profit warning as product shortages hit results
Building materials company blames equipment breakdowns and challenging economic conditions for first-half woes
August 18, 2023
Companies
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Movers & Shakers
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
August 15, 2023
Companies
Markets
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
August 9, 2023
Companies
Movers & Shakers
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
May 18, 2022
Companies
Markets
Dfcu names new group and bank chairs
Dfcu Group has appointed experienced business executive Jimmy Mugerwa to chair the financial services company, while Winifred Tarinyeba-Kiryabwire will replace Mr Mugerwa as non-executive chair of Dfcu bank
April 7, 2022
Companies
Corporate earnings and results
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Growth bounces back in 2021 for Stanbic, but lending stalls
Stanbic Bank said trading gains from debt securities holdings fuelled its profits rebound last year, but a slowdown in economic activity weighed on other revenue streams
March 30, 2022
Companies
Corporate earnings and results
Energy, Oil & Gas
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Umeme returns to revenue and profits growth
Umeme Limited pointed to an increase in electricity sales and customer connections as the power distributor returned to year on year revenue and profits growth in 2021
March 28, 2022
Companies
Corporate earnings and results
Markets
MTN boosted by data and mobile money
Uganda's largest telecom company MTN Uganda reported a gain in full-year profit on the back of a jump in data revenue and moderated growth in operating expenses
March 7, 2022
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