Stanbic Uganda Holdings Ltd, Centenary Bank, and Absa Bank Uganda accounted for 60% of the industry’s aggregate profit Kampala, Uganda | THE INDEPENDENT | Uganda’s supervised financial institutions including commercial banks, micro-deposit-taking institutions (MDIs), and credit institutions, recorded a combined profit of Shs1.4 trillion for the year ending June 2024, a …
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The telco’s revenue grew to Shs 960 billion, supported by its robust distribution network of partners and agents Kampala Uganda | THE INDEPENDENT | Airtel Uganda reported a 6.5% decline in net profit to Shs 153.2 billion for H1 2024, on the back of increased operating expenses, particularly in access charges, …
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The electricity distributor recorded 1.61% decline in profit after tax to Shs 12.99 billion for H1, 2024 Kampala, Uganda | THE INDEPENDENT | Uganda’s electricity distributor, Umeme Limited, has reported a slight decline in profit after tax for the first half of 2024, with earnings down by 1.61% to Shs 12.99 …
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ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, African Export Import Bank, has recorded a significant 24.5% increase in net interest income for the first half of 2024, reaching $826.2 million driven by increase in loans and advances. The Bank also recorded a surge in fees and commission income that increased …
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The bank’s low-cost payment solution, FlexiPay, now boasts over 900,000 clients and is gaining traction in both transaction numbers and volumes Kampala, Uganda | THE INDEPENDENT | Stanbic Holdings Uganda Ltd (SUHL) recorded 17.6% growth in profit after tax to Shs 235.5 billion for the first half of 2024 on the …
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Johannesburg, South Africa | THE INDEPENDENT | Absa Group reported headline earnings of R10.2 billion for the first half of 2024 and said it expects an improvement in second-half Group performance as its South African retail businesses demonstrated earnings growth across the portfolio in the first six months of the year. …
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Kampala, Uganda | THE INDEPENDENT | British American Tobacco Uganda Limited has registered a 21.6% increase in net profit from Shs3.7bn to Shs4.5bn for the first six months of 2024, further showing the company’s continued growth trajectory. The company executives said on Aug.2 that the macro-economic landscape was relatively stable …
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Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company (UNOC) has generated a profit of Shs37.6 billion surpassing their projected revenue of Shs6.989 billion. This revelation emerged during a meeting between officials from UNOC and Members of the Public Accounts Committee (PAC) on Monday, 27 May 2024 where the …
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This is the company’s first full-year financial results following the exit of Indian drug manufacturer, Cipla, six months ago, to concentrate in developed markets in Europe and Asia Kampala, Uganda | JULIUS BUSINGE | Quality Chemical Industries Limited (QCIL) has reported a 68% growth in net profit to Shs32 billion for the year ended March 31, …
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The company remains focused on maintaining the growth momentum and ensuring EBITDA margin resilience, in line with its ambition 2025 objectives Kampala, Uganda | THE INDEPENDENT | MTN Uganda net profit for the first three months to March rose 24% to Shs150bn driven by solid growth in its voice, data and …
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