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Movers & Shakers
Joseph Kitamirike on Uganda’s financial markets and ALTX East Africa
We spoke to Joseph Kitamirike about his new stock exchange, ALTX East Africa, which started trading recently. He told us about setting up the exchange, his tenure at Uganda Securities Exchange, and what he hopes to achieve with ALTX.
September 13, 2016
Corporate earnings and results
Markets
Umeme HY2016 profit falls to Shs54.5bn on financing costs
Umeme’s revenue grew 20.3% to Shs658.7 billion ($195.5m) in the first half of 2016 on higher power sales but net profit fell from Shs67.6bn to Shs54.5bn ($16.2m) on increased financing costs and a normalised tax rate, half-year results released today show.
September 5, 2016
Corporate earnings and results
Markets
Ray of sunshine for Uganda Clays after Shs1.3bn profit in HY2016
Roofing tiles maker Uganda Clays Limited (UCL) returned to profitability in the first half of 2016, posting a Shs1.3 billion ($0.38 million) profit reversing a similar loss from the same period in 2015, according to unaudited financials released by the firm.
August 31, 2016
Companies
Corporate earnings and results
Markets
Dfcu profits rise 70.71% in first half of 2016
Dfcu bank on Friday released provisional half-year results showing a 70.71% growth in net profit and 20.08% growth in net income. Net profit for the period was Shs23.32 billion compared Shs13.66 billion for the first half of 2015.
August 20, 2016
Companies
Corporate earnings and results
Markets
Stanbic Bank Uganda half-year profits up 57%
Stanbic Bank Uganda has released unaudited half year results showing net profit up 56.9%, while total operating income rose 28%.
August 10, 2016
Companies
Corporate earnings and results
Markets
BAT Uganda profits fall following major restructuring
British American Tobacco Uganda Limited reported a 52% decline in half year profits on Thursday, reflecting the change in its business model that saw the company discontinue its leaf business.
July 28, 2016
Executive Profiles
Movers & Shakers
Executive Profile: Selestino Babungi
Babungi is the first Ugandan to head the power distribution utility. He joined Umeme in 2006 as credit control manager after six years at Ernst & Young, rose to area manager and later chief financial officer before his current post.
July 23, 2016
Executive Profiles
Movers & Shakers
Executive Profile: Robert Kabushenga
In the decade Kabushenga has been in charge of New Vision, the media group has opened six radio stations, launched two television stations, including the popular Bukedde TV, and moved into digital publishing.
July 23, 2016
Executive Profiles
Movers & Shakers
Executive Profile: Dadson Mwaura
Mwaura took over BATU at the tail end of a restructuring that disposed of its leaf business to focus on cigarette sales. BATU's net profit fell by 44.8% during his first year in charge, from Shs36.7 billion in 2014 to Shs20.3 billion in 2015
July 23, 2016
Executive Profiles
Movers & Shakers
Executive Profile: Birbal Singh Dhaka
Birbal Singh Dhaka has a Bachelor's degree (Honours) in Agriculture. He is also a Law Graduate and a Certified Associate of the Indian Institute of Bankers.
July 22, 2016
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