In six months since December 2015, MTN Uganda added one million subscribers, growing from 8.9 million to 9.9 million by June 30. Also, the half year financial results show that in the same period, revenue at Group level increased by 14% to R78, 878 million. But capital investment in Uganda …
Read More »Fight over Museveni’s business bailout money
Inside the Shs1 trillion rescue plan for loan stressed companies On July 9, President Yoweri Museveni summoned top officials from the Ministry of Finance, the Central Bank and Uganda Revenue Authority (URA) for a meeting at State House, Entebbe. Amongst those who attended what has been described as a high …
Read More »Why Ugandan banks are struggling to make a profit
Analysts urge government on business environment as written off non-performing loans erode bank profits In 2015, Standard Chartered Bank, Uganda’s second-largest bank by assets, saw its profits decline by 75% compared to the previous year. The year was even worse for Crane Bank, the second biggest indigenous bank and the …
Read More »Banking industry blues
Analysts urge government on business environment as written off non-performing loans erode bank profits In 2015, Standard Chartered Bank, Uganda’s second-largest bank by assets, saw its profits decline by 75% compared to the previous year. The year was even worse for Crane Bank, the second biggest indigenous bank and the …
Read More »31% drop in profits marks bad year for Uganda Breweries Ltd
By Joseph Were Reeling from a 5% drop in year-on-year net profit amid increasing costs and stiffer competition, East African Breweries Ltd who are the makers of the Bell beer brand among others in Uganda, is mooting a price hike. ‘The possibility to put up prices exists too in Uganda …
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