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BATU profit drops for first time in five years
British American Tobacco Uganda, the cigarette distributor, reported a drop in after-tax profit last year amid "an exceptionally challenging operating environment" as weak consumer spending and "illicit trade" hit its sales
February 25, 2022
Companies
Corporate earnings and results
Markets
New Vision swings back to half-year profit on government contracts
New Vision Printing and Publishing Company returned to profitability in the second half of 2021 as contracts from the government to publish educational materials and textbooks boosted revenue
February 23, 2022
Companies
Markets
New Vision’s shares resume trading
Shares in New Vision resumed trading on Tuesday after the Uganda Securities Exchange said it had concluded a probe into suspicious trades that led to a "sporadic" drop in the stock's price
February 22, 2022
Companies
Markets
USE halts trading in New Vision securities
The Uganda Securities Exchange has halted trading in the securities of New Vision, the media group, so it can investigate recent trading of the stock that led to a fall in its price
February 11, 2022
Companies
Mergers & Acquisitions
Seacom acquires Africell assets to expand enterprise business
Seacom on Thursday announced that it is acquiring certain infrastructure assets from the defunct telecom operator Africell Uganda Limited
February 10, 2022
Companies
Corporate earnings and results
Markets
Dfcu warns profit will be hit by loan provisions
Dfcu Group warned Friday its full-year earnings for 2021 will fall by as much as 25 per cent on an increase in loan-loss provisions and the impairment of some assets acquired from Crane Bank
January 28, 2022
Companies
Absa Uganda takes earnings hit from loan-loss provisions
Absa reported a decline in full-year profits, its second in three years, on the back of higher loan-loss charges
April 21, 2021
Companies
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Vision Group names Don Wanyama as new chief executive
Vision Group has announced that Don Wanyama, the senior press secretary to the president, will take over as chief executive
April 14, 2021
Companies
Corporate earnings and results
Markets
Soaring loan-loss provisions lead to first profit fall in seven years at Stanbic
Decline in net profit, the first in seven years, follows strengthened provisions against losses from borrowers hit by the coronavirus
March 31, 2021
Companies
Digital Economy
Nation Media Group to slash staff in major restructuring
Nation Media Group Uganda, the media company, plans to dismiss staff as part of a restructuring seeking to "accelerate our digital transformation" and in response to effects of the Covid-19 pandemic
March 25, 2021
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