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Markets
Uganda Securities Exchange launches online self-service portal
The Uganda Securities Exchange (USE) on Tuesday launched an online self-service portal, Easy Portal, from which investors can view stock performance and monitor their investment portfolios.
March 7, 2017
Corporate earnings and results
MTN posts first loss in 20 years
MTN Uganda's total revenue declined by 1.9% on the back of lower voice revenues depressed by the customer disconnections and the One Network Area in the East African Community where calls between member states are billed as local calls.
March 2, 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
Corporate earnings and results
Markets
BAT Uganda profits fall 25% as tax bites
British American Tobacco Uganda on Friday reported a 25% decline in net profit for the year ended December 2016, which it blamed on excise-driven price increases and a tough economy that led to a fall in disposable incomes.
February 17, 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
Markets
Retail sale of Umeme shares from Actis exit opens; closes 6 December
A total of 37,349,155 ordinary shares of Umeme Limited were on Friday opened to retail investors on the Uganda Securities Exchange at a discounted price of Shs488 per share.
November 19, 2016
Companies
Markets
Trading in Umeme resumes after Actis exits stake
The suspension of trading in shares of Umeme Limited (UMEM) was lifted today at the Uganda Securities Exchange following the exit of former majority stakeholder, Umeme Holdings Limited, a subsidiary of the UK-listed private equity investor Actis.
November 16, 2016
Companies
Markets
USE to lift Umeme trading suspension on Wednesday
The Uganda Securities Exchange will lift the trading suspension on Umeme Limited this Wednesday, 16 November following the sale of the power utility's shares by its former majority stockholder, Umeme Holdings Limited.
November 14, 2016
Companies
Markets
NSSF increases Umeme stake to 23% as Actis unplugs from power distributor
The National Social Security Fund will become the majority shareholder in electricity distributor Umeme (UMEM) after agreeing to buy 121.82 million shares from Umeme Holdings Limited for Shs59.4 billion.
November 7, 2016
Companies
Markets
Umeme shares suspended as stockholder considers sale
The Uganda Securities Exchange on Friday approved an application by Umeme Limited to suspend trading in the power utility's shares until its largest stockholder sells off the stake it owns in the company.
November 4, 2016
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