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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
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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
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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
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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
Companies
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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
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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
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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
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
Markets
Baroda bucks banking sector trend with strong 2020 earnings
The bank kept bad loans and operating expenses in check while posting gains in trading securities
April 27, 2021
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