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The stock market continues to deliver standout opportunities for investors. Five locally listed companies posted exceptional returns that outpaced both government bonds and the National Social Security Fund (NSSF). The latest edition of the Black Diamonds Update by Crested Capital highlights counters that achieved total shareholder returns above 25% between January and September 2025. Bank of Baroda and QCIL lead the pack At the top of the list is Bank of Baroda (BOBU), which recorded a staggering 97.75% total shareholder return. This was driven by a sharp rise in its share price from UGX 22.25 at the start of the…
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As Uganda’s economy gains momentum in its post-pandemic rebound, a quiet contradiction is taking shape in the financial sector. On the surface, there’s cause for celebration. Mobile money volumes are…
Bank of Baroda (Uganda) Limited has announced that it will be paying its shareholders the final dividend for the year ended December 31st 2020 following receipt of the necessary regulatory approval. According to Anne T. Mbonye, the Company Secretary, the Company Board of Director’s meeting held on March 24th, 2021 recommended final dividend pay-out of UGX25 Billion (UGX10.00 per share) for the Financial Year 2020. “The shareholders at the Annual General Meeting (AGM) held on August 26th, 2021, passed a resolution approving the dividend payout proposed by the Board of Directors at the rate of Uganda Shillings 10.00 per share…
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Bank of Baroda, Uganda’s 6th largest bank, has a new Managing Director- Mr. Raj Kumar Meena. R.K Meena who joined the bank in April 2020 comes into Uganda with more than 28 years of banking experience. He started his career in 1992 in Baroda’s parent bank; Bank of Baroda, India- the $3 billion Indian banking giant. Prior to joining as Managing Director of Bank of Baroda (Uganda) he was working as the Regional Head of the Udaipur Region in India, where he managed 101 branches with total business of more than the equivalent of UGX 4 trillion. Before that, worked…
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Shareholders of Bank of Baroda (USE: BOBU) will smile all the way to the bank following a 48.7% reported increase in net profit. According to results published last weekend, the…
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