Markets

Mauritian based investment company, Africa Capitalworks SSA 3, has completed the acquisition of 51.18% stake in CIPLA Quality Chemical Industries Limited. Africa Capitalworks SSA 3 (ACW SSA 3) acquired 1,864,299,646 and 4,871,038 Ordinary Shares of Cipla Quality Chemical Industries Limited (QCIL) from Meditab Holdings Limited and Cipla (EU) Limited, respectively, collectively comprising

Uganda Clays Limited has issued a profit warning, revealing that it made a loss for the half-year January – June 2023,  according to the Company’s unaudited financial statements. “The loss position is mainly due to a shortage of products that was occasioned by machinery breakdowns. This was exacerbated by the unfavorable

Airtel Uganda Chairman Karuhanga, flanked by MD Murali and Finance Director Mohan Airtel Uganda Ltd has confirmed its intention to list on the stock market of Uganda up to 20 percent of its shares, totaling 8 billion Shillings. The company, wholly owned by Airtel Africa plc, is due to publish

BAT Uganda Directors, Candy Wekesa Okoboi (L), Philemon Kipkemoi (C), and Mathu Kiunjuri (R) joined by two of the Company’s shareholders Dr. Zaalyembikke Majanja (2nd L) and Ms. Bazalaki Robinah Walusimbi (2nd R) to cut a cake as part of celebrations to mark 95 years of BAT in Uganda. This