Market executives anticipate good performance as COVID-19 threat is minimized Kampala, Uganda | JULIUS BUSINGE | Trading in the second quarter of 2020 at the Uganda Securities Exchange registered a tremendous decline as Uganda’s equity markets continued to feel the impact of COVID-19 pandemic, according to the quarterly bulletin for …
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Stanbic, Coca-Cola, Nice House of Plastics sign plastics deal Kampala, Uganda | JULIUS BUSINGE | Faced with the undeniable consequences of a toxic tide of plastics, three private firms have entered into a partnership to recycle plastic waste. Stanbic Bank, Cola-Cola Beverages Africa and Nice House of Plastics on July.22 signed a …
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The decision follows BoU’s directive to support cash flow in the economy Kampala, Uganda | ISAAC KHISA | Stanbic Uganda Holdings Ltd (SUHL) has cancelled its proposed dividend payout of Shs 5.06 per share or a total of Shs110bn to its shareholders, citing central bank’s decision to decline to the …
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Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Uganda has launched a campaign dubbed ‘unbeatable loans’ aimed at creating awareness about the various financing solutions currently available. The campaign launched a few days ago will run until the end of May 2020, showcasing the bank’s unbeatable range of products that …
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Kampala, Uganda | THE INDEPENDENT | Parliament on Tuesday afternoon voted to approve a government request to borrow sh2.43 trillion to finance a budget shortfall realized a few months into the current financial year 2019/2020. This followed a heated debate on the report by Parliament’s National Economy Committee that recommended …
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Executives hope that the future is bright as listed entities post profits Kampala, Uganda | JULIUS BUSINGE | Companies trading on the Uganda Securities Exchange have opened the New Year with poor performance. Umeme, Quality Chemical Industries Limited (CQCIL) shares have fallen below the Initial Public Offering (IPO) price. This …
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Kampala, Uganda | THE INDEPENDENT | The ‘Stanbic Uganda Cup’ is back and bigger with yet another increase in prize money for participating teams and exciting rewards for football fans. Winning Prize money has been increased from Shs 120million to Shs 132 million for the final sixteen teams with the …
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They are not only in business to compete and attract customers in their line of business, but are also warming up to compete for Uganda’s Digital Brand of the Year award for 2019 organised by an entity dubbed HiPipo. Kampala, Uganda | JULIUS BUSINGE | The two leading telecom firms …
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More accounts opened as players suggest ways of boosting market activity Kampala, Uganda | JULIUS BUSINGE | There is good news at the Uganda Securities Exchange. The latest market report shows that the number of depository accounts being opened is on the upward trend, signaling a growing interest by the …
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Top six banks registered collective net profit of Shs 620bn Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks surpassed investor expectations with 14 of the 15 banks that have published their financial performance results posting good profit margins in 2018, analysis by The Independent shows. Banks like Stanbic, Centenary, …
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The Independent Uganda: You get the Truth we Pay the Price
