Wednesday , November 6 2024

Tag Archives: New Vision

New Vision alerts shareholders of another loss making year

Kampala, Uganda | THE INDEPENDENT | There will little to cheer for the second year running for investors in The New Vision Printing and Publishing Company Limited, as the company prepares to announce a loss for the half-year ended July 2024. This comes as the revenues of Uganda’s largest media company …

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Drop in advertising, govt arrears sends New Vision into losses

Kampala, Uganda | THE INDEPENDENT | The performance volatility of the New Vision Printing and Publishing Company Ltd continues as the management notifies current and prospective shareholders of an impending loss for the year 2022/2023. The notice issued by Managing Director Don Wanyama is based on the “preliminary assessment”  of …

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MPs propose UBC and New Vision merger

Kampala, Uganda | THE INDEPENDENT | Legislators have urged government to consider merging Uganda Broadcasting Corporation (UBC) and the New Vision following reports of non-performance. MPs made this proposal while scrutinizing the budgetary allocations to UBC for the Financial Year 2023/2024, arguing that government should not continue injecting money in an entity …

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Uganda Securities Exchange calls halt on New Vision trading

Kampala, Uganda | THE INDEPENDENT | The Uganda Securities Exchange (USE) has halted trading of shares of New Vision Printing and Publishing Company Limited, a company whose majority shareholder is the government of Uganda. In a letter signed by the Uganda Securities Exchange Chief Executive Officer Paul Bwiso, the suspension …

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Don Wanyama to head New Vision

Kampala, Uganda | THE INDEPENDENT |  Senior Press Secretary to the President Don Wanyama has been appointed Managing Director/CEO of Vision Group. The Board Chairman of Vision Group Patrick Ayota announced the decision Tuesday. Wanyama, who has been President Yoweri Museveni’s press secretary since 2016, will replace Robert Kabushenga. The New …

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Kabushenga retires from New Vision

Kampala, Uganda | THE INDEPENDENT | Vision Group’s Managing Director and CEO Robert Kabushenga will hand over office in 90 days time, after asking for early retirement. Vision Group, Uganda’s leading media house, issued a statement explaining the decision of their long-serving CEO. Kabushenga was only the company’s second CEO, having …

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COVID-19 case at The New Vision

  Kampala, Uganda | THE INDEPENDENT & URN | A member of staff of The New Vision has tested positive for COVID-19 and the media house plans further checks to ensure more are not infected. “I wish to inform you that Vision Group has registered a case of COVID-19. One …

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Only UBC cleared to cover Kasirye Gwanga’s burial

Kampala, Uganda | THE INDEPENDENT | Only few people and media will be allowed to attend Maj. Gen Samuel Wasswa Kasirye Ggwanga’s burial on Friday. Due to rules on social distancing occasioned by the coronavirus (COVID-19) pandemic, only the family, UPDF and close friends will be allowed at the burial …

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MPs query employees’ pay cut at vision group

Kampala, Uganda |  THE INDEPENDENT | The government has been tasked to explain a recent decision by the management of Vision Group, the publishers of New Vision and Bukedde newspaper to effect salary cuts for all members of staff. Government is the majority shareholder in the company with 53 per …

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