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 […]
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 […]
Uganda bets on reforms to boost private equity financing
Uganda’s Capital Markets Authority (CMA) and the Ministry for Finance, Planning and Economic Development are working to review the regulatory framework to boost the uptake of private equity (PE) financing, as an alternative source for capital for private sector. The regulator says in its latest annual report that mobilising alternative sources of funds to finance […]
MTN Uganda’s parent offers major discount in $58m shares sale
South Africa’s MTN Group has made a new offer to sell 1.57 billion shares in its Ugandan subsidiary at a substantial discount in a bid to comply with a requirement to offload a minimum stake of 20 percent to minority investors. The multinational managed to sell a 12.97 percent stake in MTN Uganda in November […]
Uganda drug maker dividend up 120 percent
Quality Chemical Industries Ltd (QCIL) has more than doubled dividend payout after reporting a strong profit growth for the year ended March 31, 2024 driven by antiretroviral and antimalarial drug sales. The board has proposed $5.5 million dividend this year from $2.5 million last year. For each share, the Uganda Securities Exchange-listed pharmaceutical company has […]
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 […]
REAL ESTATE CHARACTERISTICS
Real Estate Characteristics ▶Capital appreciation of a property is determined by having the property appraised. But for now you should just know that an appraiser uses actual sale transactions that have occurred and other pieces of market data to estimate what your property would be worth if it were to be sold. ▶ If the […]
New Vision Limited Profit Warning for Financial Year 2023.
The Board of Directors of New Vision Printing and Publishing Company Limited announced to Shareholders, Potential Investors, and the General Public that based on the preliminary assessment of the Company’s performance, the results of the Company’s earnings for the half year ending December 31, 2023, will be a loss position attributed to the challenging business […]
Bank of Uganda nets $339m in rare private placement debt auction.
The Bank of Uganda (BoU) has raised Ush1.3 trillion ($339 million) in a rare private placement Treasury bond auction this week, against a target of Ush1.5 trillion ($391.6 million), results of the auction showed on Thursday. The private placement bond auction was the first since June 2022. The bank typically sells government bonds monthly through […]
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