Absa, StanChart Uganda Retail Deal Enters COMESA Probe Stage
The regional competition watchdog has opened a formal inquiry into Absa Bank Uganda’s planned acquisition of Standard Chartered Bank Uganda’s wealth and retail banking business,
Madagascan Telecom Giant Acquires Zuku's Parent Company
AXIAN Telecom’s subsidiary Yas has completed the purchase of 99.63% of Wananchi Group, a major East African broadband and enterprise connectivity provider.Uganda Bags KSh 4.7Bn Grant for Slashing Emissions
Uganda has secured a US$ 31 million (KSh4.7 billion) grant from the Green Climate Fund (GCF), in recognition of its tangible gains in curbing deforestation and cutting carbon emissions.Umeme's H1 Loss Spurs Profit Warning, Buy-Out Cash Swells Reserves
Umeme Limited has issued a profit warning after posting a net loss of USh 166.7Bn (KSh 6.1Bn) for the half year ended June 30, 2025, following the March expiry of [...]
Court Orders Coffee Firm’s Guarantors to Repay KCB Uganda More than US$1.1 Million
KCB Bank Uganda has won a major case against the shareholders of Great Lakes Coffee Company, after the High Court in Kampala ordered them to personally repay more than US$1.1 [...]Uganda Set to Host Africa's First AI Factory
Uganda is set to host Africa’s first Artificial Intelligence (AI) factory, inside the 600MW Karuma Hydropower Plant on the River Nile. “This is about empowering Africa to control its data [...]Stanbic Uganda H1 Profit Rises 18% to UGX 278.4Bn, Maintains Interim Dividend
Uganda's largest lender by asset base and market capitalization, Stanbic Uganda, has reported an 18.2% rise in net profits to to UShs 278.4 billion (1 KSh= UShs 27.50) in the [...]MTN Uganda Grows H1 Revenue by 13%, Profit Down 9.5% on One-off Tax Charge
MTN Uganda reported top-line growth in the first half of 2025, with total service revenue increasing 13.3% year-on-year to UShs 1.705 trillion, while total revenue rose 13.1% to UShs 1.722 [...]Umeme Share Price Halves in 8 Days as Selloff Exposes Investor Risks
Umeme Limited share price has dropped more than 50% since the July 14, 2025 book closure for its record interim dividend. Concession Expiry and Dividend Shock This selloff coincides with [...]MTN Uganda Shareholders Approve Plan to Spin Off Mobile Money Unit
MTN Uganda shareholders voted to spin off the company’s mobile money business into a standalone fintech, which will reshape Uganda’s digital payments landscape and unlock billions in value for Africa’s [...]Umeme to Pay Record Dividend as Arbitration Battle Looms
Umeme Limited, Uganda’s former electricity distribution monopoly, has set markets alight with the declaration of a record Ushs 222 interim, equivalent to approximately KSh 7.96, for FY2025— the largest in [...]Umeme Shares Sink 25% as Concession Dispute Clouds Investor Sentiment
Umeme Limited, formerly Uganda’s largest electricity distribution company and a cross-listed entity on both the Uganda Securities Exchange (USE) and the Nairobi Securities Exchange (NSE), has seen its stock drop [...]
