BATU Archives – CEO East Africa

At 97 years BATU is one of Uganda’s oldest companies; but what does its post-100 future likely to be?

Muhereza KyamuteteraBusiness & Markets The Big StoryMarch 6, 2024March 6, 2024

Last week British American Tobacco Uganda (BATU) released its performance results for 2023 reporting that due to a reduction in cigarette sales volumes- its revenues and net profit had each reduced. BATU reported that gross turnover reduced 13.6% from UGX99.5 billion in 2022 to UGX86 billion in 2023 and as a result, net profit went down by 10.1% from UGX9.9 billion to UGX8.9 billion. In what has now become a more than decade-long cry song, the company blamed the poor sales on the persistent illicit tobacco products trade that it said constitutes about 29% of the industry and costs the…

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Elly Karuhanga re-elected dfcu Limited Chairman

Samuel MuhimbaCompany NewsAugust 26, 2020August 26, 2020

Prominent City lawyer and business man Elly Karuhanga, has been re-elected as dfcu Limited Chairman, the holding company of dfcu Bank, the 5th largest bank by assets. Karuhanga’s re-election was announced during dfcu’s general meeting on August 25, 2020. Among the re-elected Directors includes Kironde Lule while Aminah Zawedde was also appointed Director. As chairman of the group, Karuhanga continues to drive dfcu’s business growth strategy that has seen the company register significant financial performance. During the general meeting, dfcu announced that the company’s assets increased by 1 percent from UGX2.916 billion to UGX2, 958 billion on the back of…

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