In a transformative move for the African beverage industry, global spirits leader Diageo has reached a definitive agreement to sell its 65.0% controlling stake in East African Breweries PLC (EABL) to the Japanese multinational Asahi Group Holdings. The transaction, valued…
The Common Market for Eastern and Southern Africa (COMESA) Competition Commission has dealt a significant blow to the operating model of Uganda Breweries Limited (UBL), a subsidiary of the global giant Diageo Plc, under Felicite Nson’s leadership as Managing Director. Diageo…
Cipla Quality Chemical Industries Limited, has announced that it will pay dividends in 4 years since it was listed on the Uganda Stock exchange. In the results for the financial year ending March 31, 2022, Cipla posted a profit after…
Thursday 4th November 2021- Nairobi Kenya: Kenya’s Capital Markets Authority (CMAK) has provided its ‘no objection’ for The MTN Uganda Initial Public Offering (IPO) to be marketed in Kenya, allowing the marketing of the shares to both Professional Investors and…
MTN Uganda alongside senior broker representatives from SBG Securities and Crested capital have today kickstarted a nationwide MTN IPO awareness tour aimed at creating awareness and providing vital information about the MTN offer of shares and the stock market to…
When MTN announced that it would be selling shares to the public last week, it emphasized that Ugandans would take priority. The telecom even revealed some incentives that Ugandans would enjoy in form of bonus shares in addition to taking…
Telecom giant MTN Uganda, a subsidiary of MTN South Africa, has announced that the company has decided to give Ugandans an opportunity to buy shares 20% of the company’s ordinary shares worth Shs4.4Bn following approvals by the Capital Markets Authority…
PHOTO: Michael Atingi-Ego the Deputy Governor BOU, Wim Vanhelleputte the MTN Uganda CEO, Anne Jjuuko the Stanbic Bank Uganda CEO, Godfrey Baluku Kabyangga the State Minister for National Guidance, Irene Ssewankambo, the Executive Director UCC and Andrew Bugembe, the MTN…
Uganda Securities Exchange’s (USE) Securities Central Depository (SCD) and MTN Mobile Money have today unveiled a digital SCD account opening platform to further efforts towards financially including all Ugandans. A Securities Central Depository commonly referred to as an SCD account…