The telecom firm reported a 16.1% increase in service revenue, reaching UShs 2.63 trillion for the year ending December 2023, with after-tax profits surging 21.4% to UShs 493 billion Kampala, Uganda | THE INDEPENDENT | Uganda’s largest telecom firm, MTN Uganda, plans to further sell-down the remaining 7% shareholdings to the …
Read More »Can a Beneficial Ownership Register work in Uganda?
Move to expose ‘who owns what’ COVER STORY | RONALD MUSOKE | Who is the real owner of the multi-billion dollar telecoms giant, MTN Uganda? How about the fast-rising oil and gas marketing company, STABEX? Depending on who you talk to, several names will be whispered. Yet, quite often, the whispered …
Read More »Cipla records 74% dip in 1H profit amidst transition to new ownership
Kampala, Uganda | THE INDEPENDENT | Cipla Quality Chemicals Limited has reported a substantial 74% dip in profit after tax to Shs 3.56 billion for the six months ending September 30. The dip is attributed to a significant increase in operating expenses and a shift in the product mix. The company’s …
Read More »Kitatta, Namyalo, Gashumba fail to prove ownership of ‘Tova Ku Main’ slogan
Kampala, Uganda | THE INDEPENDENT | The three parties claiming ownership of the “Jajja Tova Ku Main” campaign slogan have failed to prove their claim before the Uganda Registration Services Bureau -URSB. The Head of the NRM Office of National Chairman-ONC Hadija Namyalo, Lwengo District Chairman Ibrahim Kitatta and social …
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