Markets
Shilling unstable with bias towards depreciation – report

Shilling unstable with bias towards depreciation – report

The Ugandan shilling was stable on Tuesday although it was seen firming amid a slowdown in appetite for hard currency, a Centenary Bank report said. Centenary Bank quoted the shilling trading at 3720/3860 buying and

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Shilling projected to strengthen

Shilling projected to strengthen

The Ugandan shilling fell slightly on Friday weighed down by an increase in foreign currency demand mostly from companies in the energy and manufacturing sectors, a report by Centenary Bank indicated. Centenary Bank quoted the

Markets
Chipper Technologies to drive up SCD numbers

Chipper Technologies to drive up SCD numbers

Chipper Technologies is officially being admitted as the 6th brokerage firm on the Uganda Securities Exchange (USE) and has been urged to use its popular platform to grow Securities Central Depository (SCD) accounts beyond the

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Lamba to donate R10 million monthly to the needy

Lamba to donate R10 million monthly to the needy

Agilitee, the world’s first black-owned electric vehicle manufacturer founder Mandla Lamba has pledged to donate R10 million every month to the vulnerable families dotted across South Africa. Lamba said beneficiaries are those with no one

Business
Shilling stronger as appetite for hard currency wanes

Shilling stronger as appetite for hard currency wanes

The Ugandan shilling was firmer on Thursday as appetite for hard currency waned on the interbank market, traders said. Centenary Bank quoted the shilling trading at 3710/3850 buying and selling respectively on Friday, stronger than

Markets
Impairment losses eat into dfcu’s half year profit

Impairment losses eat into dfcu’s half year profit

DFCU’s pretax profit dropped 48.68% to Ugx25.63 billion in the first six months of 2022 due to a 104.56% jump in impairment allowances to Ugx75.06 billion. According to International Accounting Standard (IAS) 36, impairment losses

Markets
Uganda Clays half year profit up 7% despite economic squeeze

Uganda Clays half year profit up 7% despite economic squeeze

Uganda Clays gross profit rose 7.07% to Ugx7.89 billion for the first six months ended June 2022 as production cost controls improved. Profit growth came as revenues climbed 2.95% to Ugx18.03 billion due to improved

Business
Shilling hit by surge in hard currency demand

Shilling hit by surge in hard currency demand

The Uganda shilling traded weaker on Monday, undercut by elevated appetite for hard currency from importers in sectors like manufacturing, energy and telecoms, a report by Centenary Bank indicated. Centenary Bank quoted the shilling trading

Markets
Stanbic holdings Uganda half year return on equity, costs fall  

Stanbic holdings Uganda half year return on equity, costs fall  

Stanbic holdings half year return on average assets (ROaA) remained flat at 3.60% for the first six months of the year 2022 while the its return on average equity (ROaE) declined to 21.6% from 23.20%

Markets
Umeme not to issue interim dividend despite half year profit jump

Umeme not to issue interim dividend despite half year profit jump

Despite an increase in operating Profit (EBITDA) by 11.22% to Ugx178.46 billion and Net Income (PAT) improvement of 33.44% to Ugx64.37 billion for the six months ended June 2022, Uganda’s largest electricity retailer has not

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