As Uganda moves towards full control of its electricity distribution, the government has strategically turned to Stanbic Bank Uganda, the country’s leading financial institution, for a crucial loan of Shs700 billion to finance the buyout of Umeme Limited. This partnership…
Airtel Uganda’s recent announcement of a record-breaking interim dividend of Shs100 billion for the quarter ending December 31, 2024, has set new benchmarks for shareholder returns while sending ripples across Uganda’s competitive telecom market. Airtel Uganda, which went public in…
Uganda’s telecom industry is set to undergo a significant transformation in 2025, driven by emerging technologies and evolving customer demands. Speaking during a media roundtable at MTN Uganda headquarters in Kampala, MTN Uganda Chief Executive Officer, Sylvia Mulinge, said key…
Monday 27th May 2024. Kampala, Uganda: SBG Securities Uganda Limited (a wholly owned subsidiary of Stanbic Uganda Holdings Limited), in its capacity as the lead sponsoring broker, on behalf of MTN Uganda Limited (MTN Uganda or the Company), hereby announces…
Stanbic Uganda Holdings Ltd (SUHL), part of the Standard Bank Group, Africa’s premier bank by assets, recorded a 15.2% increase in profit after tax, reaching Shs412 billion for the year ending December 31, 2023. Operating under the ticker SUHL on…
COURTESY PHOTO: Grace Semakula, Newly appointed Chief Executive for SBG Securities Uganda Limited (SBGS) Stanbic Uganda Holdings Limited (SUHL) has appointed Grace Semakula as the new Chief Executive for SBG Securities Uganda Limited (SBGS) and by virtue of that position,…
MTN Uganda’s bold decision to list its shares on the Uganda Securities Exchange last year has propelled it to the league of Africa’s most valuable companies. The latest premier annual survey by South Africa’s African Business Magazine on Africa’s Top…
According to a USE report, Umeme traded 37.6 million shares, taking 37.53 percent of the volume of sold shares while the company’s share price also slightly improved. Umeme shares were the most traded on the Uganda Securities Exchange (USE) in…
Uganda Clay Limited (UCL) has reported a 3% growth in revenues for the last six months to June due to improved production efficiencies and continued cost management measures put in place. The listed clay products manufacturer at the Uganda Securities…
Uganda’s Stock market on Monday witnessed some trading activities which saw businessman Charles Mbire bolster his stake at MTN by acquiring additional 2,263,930 shares at a total cost of Shs 459,907,621.00 on the securities exchange. This is the second purchase…
Charles Mbire has acquired a huge stake into Bank of Baroda through a single purchase of shares worth over Shs 2 billions. This comes after the bank informed its shareholders that it will pay the final dividend for the year…