Yona Kanyomozi Veteran politician Yona Kanyomozi has died. Kanyomozi died on Sunday at Nakasero Hospital. Jimmy Akena, the Uganda People's Congress (UPC) President, confirmed Kanyomozi’s death to Uganda Radio Network (URN) saying that more details will be availed. Kanyomozi, 82 has previously served in different capacities as Minister, Member of
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The lengthy vote counting process in Kenya is making the whole election period longer than it has been expected and hoped before, and this is influencing the activities in the financial markets. The business community in the region as a whole has been waiting for the end to the
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Trading taking place at the bourse/ Courtesy photo Uganda Securities Exchange (USE/ “The Exchange”) has spoken out on the allegations of a data breach from its servers; specifically allegations of the leakage of personal data from the USE Easy Portal. In a statement dated June15, 2022, USE says based on a
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Don Wanyama, the Vision Group Chief Executive Officer Vision Group, Uganda’s largest media conglomerate, announced yesterday, that it had made UGX396.5 million in half-year profits, for the 6 months to December 2021. This is a 129% recovery from a loss of UGX1.37 billion registered in the same period in 2020. Although
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Don Wanyama, the Vision Group Managing Director/CEO The Board of Directors of New Vision Printing and Publishing Company Limited has issued a profit warning informing Shareholders, Potential Investors, and the General Public that based on the preliminary assessment of the Company’s performance, the results of the Company’s earnings for the
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The newly upgraded Gulu substation. Umeme has invested massively in infrastructure The Board of Directors of Umeme Limited have issued a profit warning, informing the shareholders of the Company, prospective investors, and the general public that based on the assessment of the Company’s performance for the year ending 31st December 2020, it
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Paul Bwiso, the USE CEO The Uganda Stock Exchange (USE) has launched a new electronic account opening system for investors aimed at dematerializing operations for a more efficient and faster automated settlement under a new central depository and automated system. Speaking at the virtual launch on Tuesday, Paul Bwiso,
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Trading at USE The COVID -19 pandemic has disrupted holding of Public listed Companies’ 2020 Annual General Meetings (AGMs) per their respective planned calendars. On 17th April 2020, Uganda Securities Exchange (USE) issued a market notice recommending interalia the deferral of scheduling AGMs which had not yet been called, postponement
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The COVID-19 pandemic has caused uncertainty, leaving investors fleeing Uganda for safer havens. “The COVID-19 pandemic has also caused a lot of panic and uncertainty in global financial markets, with some markets experiencing unprecedented dramatic declines, resulting in a significant loss of wealth. In times of such turbulence and uncertainty,
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Drug maker, Cipla Quality Chemical Industries Limited commonly known as Quality Chemicals, has issued a profit warning, informing shareholders and people who intend to buy its shares that it recorded a loss in the first quarter of 2020 compared to a profit posted over the same period in 2019. In
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