MTN Uganda has announced a 29.6% year-on-year increase in profit after tax, totaling Shs 459.4 billion for the nine months ending September 30. The growth was largely attributed to exceptional performance in MTN Uganda’s data and fintech segments, aligned with the company’s commitment to digital and financial inclusion in Uganda. Service revenue grew by 20.1% […]
Airtel’s profits fall on higher costs and currency sting
Airtel Uganda reported a decline in profitability in the first half as costs, including access charges and content, outpaced revenues and unrealised foreign exchange gains dropped sharply. The telecom’s net profit was Shs153.2bn for the first six months, down 6.5 per cent from Shs163.8bn in the same period last year. Airtel’s operating profit, which excludes […]
Rwanda joins regional stock exchanges in data vending as trading income falters
East African stock markets are pursuing additional revenue raising prospects in data vending business to cushion against faltering trading incomes, linked to declining equity market performances across the region. Rwanda Stock Exchange (RSE) is the latest entrant into the business that the regional exchanges are viewing as an important source of revenue in turning around […]
How online trading platforms are transforming East Africa’s financial landscape
Online trading has brought in the possibility of new financial opportunities for East Africa, with digital solutions increasingly being implemented. The same platforms give users access to the globe’s leading markets today, thus allowing any trader to trade currencies, stocks, indices and a lot more ultimate ease of trading. Tools such as MT4 for PC are more […]
Uganda mid-year financial reporting season thrills investors
Investors in Uganda are looking forward to better returns as listed firms begin to report their half-year earnings. Latest stock trading data shows significant investor appetite towards Stanbic Holdings Uganda, MTN Uganda, Bank of Baroda and Umeme Ltd shares in recent weeks. MTN Uganda’s total revenues grew by 20.17 percent to Ush1.52 trillion ($405.9 million) […]
Why East African bourses could benefit from turbulence in advanced markets
The current turmoil in the markets in Europe, Japan and the United States of America may bode well for East African bourses, which have for months been caught in the undertow of the former’s bull runs. Analysts project that with the jitters currently experienced in the world’s largest equity markets, investors may turn to smaller […]
Airtel Uganda’s parent to offload extra 9.1pc stake
Airtel Uganda’s majority shareholder Airtel Africa is set to sell additional shares amounting to a 9.11 percent stake in a secondary offer to comply with a requirement to offload a minimum ownership of 20 percent to minority investors trading on the Uganda Securities Exchange (USE). The multinational in November 2023 managed to sell 4.35 billion […]
INVITATION TO STANIBIC UGANDA HOLDINGS LIMITED HYBRID AGM TO BE HELD ON 31.05.2024
Dear Shareholder, The Stanbic Uganda Holding Limited Hybrid AGM- comprising of a physical meeting at the Katonga Hall of Kampala Serena Hotel and via electronic means will be held on Friday, 31st May 2024 at 11:00 AM EAT. Registration closes on Thursday, 30th May 2024 at 5:00 pm. For support during the registration, process please […]
MTN UGANDA LIMITED HYBRID AGM
Dear Shareholder, The MTN Uganda Limited Hybrid AGM comprising of a physical meeting to be held at the Victoria Hall Serena Hotel, Kampala and via electronic means will be held on Wednesday, 22nd May 2024 at 10:00 AM EAT. Attached please find the AGM notice. The Audited Financial statements are available on the Company’s website www.mtn.co.ug
Bank of Baroda (Uganda) Limited (BOBU) AGM Notice
Dear Shareholder, We hope this finds you well. Attached is a copy of the Bank of Baroda (Uganda) Limited AGM Notice for the annual general meeting to be held on Thursday 06th June 2024 at 02:00 P.M. Physical meeting at Munyonyo Commonwealth Resort, Kampala. Please view the details and feel free to get back to […]
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