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At today’s 24th Annual General Meeting of British American Tobacco Uganda Limited (BAT Uganda) held at Sheraton Kampala Hotel, Henry Rugamba has been announced as the incoming Board Chairperson. He takes over over from Hon. Dr. Elly Karuhanga who retired from the position that he has held since 2013. At the same meeting, shareholders also approved UGX8.9 billion (UGX181 per ordinary share) as a first and final dividend for the year ended 31st December 2023. The dividend, which is in line with the Company’s 100% dividend pay-out policy, will be paid net of withholding tax on 30th July 2024 to…
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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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Agnes Ssali is the Legal Director and Company Secretary at Uganda Breweries Limited. She replaced Charity Kiyemba Ekudu who held this position for the last seven years. Agnes joined the UBL team from British American Tobacco Area where she was serving as Marketing, PRRP and Regulations Counsel for the East African Markets (EAM) Cluster, based in Nairobi, Kenya. Prior to this, Agnes was the Legal Counsel for British American Tobacco Uganda and has also worked as an Associate with Sebalu & Lule Advocates. Agnes has a vast experience in the areas of Corporate Governance, Commercial Law, Land Transactions, Intellectual Property…
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