Despite a UGX25 billion shot in the wallet by government, Vision Group, the state majority-owned media house (government owns 53.3%), is still fishing in troubled waters, the just-published Annual Report 2024/25 shows. The capital injection, structured as a preference share investment, was meant to stabilise the business, ease its liquidity pressures, and give the country’s largest multimedia company a fair shot at recovery. Yet even with the sizeable boost and a slate of new investments under CEO Don Wanyama, Vision Group continues to post losses and confront deep structural challenges. The report paints a picture of an organisation that has…
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New Vision Printing and Publishing Company, a government-controlled entity, warned last week it will report yet another annual loss. The loss, for the year ending June 2025, is the third in a row. On the surface, this could pass for a broader media downturn – declining print revenues, slower advertising spends, and higher costs. But a closer look at the company’s financials reveals a story of misaligned credit models, underperforming assets, and internal control risks. These are quietly undermining the company’s resilience. The third year of red ink In a statement signed by CEO Don Wanyama, New Vision cited a…
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New Vision Printing and Publishing Company Limited remains profitable, solvent, and fully compliant, according to the Auditor General’s 2024 report. Whereas Auditor General Edward Akol gives the media conglomerate a…
The Vision Group, publisher of the New Vision newspaper, and owner of other affiliated media houses, has announced a loss for the financial year ending December, 2024. A Board of…
Last week, Vision Group, released its results for the 6 months leading to December 2022, reporting that overall turnover declined by 25.80%⏤ from UGX61.1 billion in the 6 months to December 2021 to UGX45.4 billion. This, they attributed to reduced publishing orders that led to a 77.71% reduction in publishing revenue, as well as a 12.5% reduction in print circulation revenue and a 3.15% reduction in overall advertising revenue. The Group said that radio advertising, fell the biggest⏤ by 23.2%, while television advertising and print advertising declined by 4.53% and 2.86% respectively from the same period last year. However, commercial…
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Vision Group, Uganda’s largest multi-media company, last week released its full-year results for the year ended June 2022, reporting a 36% jump in gross revenue. The industrial-area-based Vision Group reported that turnover in 2022 touched the UGX 111.4 billion mark, compared to UGX 81.9 billion in 2021. This is the first time, the company is crossing the UGX100 billion mark in its over 35 years of history. The increase in revenue, however, came at a stiff cost—the cost of sales increased by 47.7% from UGX59.9 billion to UGX88.4 billion. The company, in a statement, said this was largely due to…
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Barbara Kaija, the Editor-in-Chief at Vision Group has been elected to the supervisory board of directors for the World Association of Newspapers and News Publishers (WAN-IFRA). She, alongside 10 other new board members, was elected during the WAN-IFRA annual general meeting (AGM) that took place on 17th June 2022. “I will put in a voice for Africa, but also a voice for women. As we transition into digital media, women are still behind, not because they do not have the opportunities, but probably we are not challenging ourselves, ”Kaija said in response to the appointment. Barbara noted that many female journalists…
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Vision Group has announced a Media Partnership with Makerere University worth UGX300 million. The partnership, which covers the entirety of the 100year celebration will include full-page print adverts, strip adverts, monthly guest appearances, live streaming sessions of the centennial celebrations, promotional jingles, monthly college special supplements and feature stories to be carried across Vision Group’s media platforms. Since its humble beginning in 1922, Makerere University has been able to transform communities and societies through its wealth of human capital, numerous research outcomes and technological innovations that have served Africa and the world in general. Speaking at the signing ceremony, Prof….
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It’s a tough start for Don Wanyama as he announces that The New Vision Printing and Publishing Company is in a loss making position for the Financial year 2020/21. Wanyama was appointed Chief Executive Officer for the Company in April this year. In a notice, to shareholders, potential investors and the general public, he says: ‘The Board of Directors of New Vision Printing and Publishing Company Limited wishes to announce to shareholders, Potential Investors, and the General Public that based on the preliminary assessment of the Company’s performance, the results of the Company’s earnings for the Financial Year ending June…
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President Yoweri Kaguta Museveni has appointed Linda Nabusayi Wamboka Senior Presidential Press Secretary, replacing Don Wanyama who was recently appointed the Vision Group Chief Executive Officer. She has been serving as Deputy to Don Wanyama. Wanyama’s tenure as the Senior Presidential Press Secretary expires at the end of this month upon which Nabusayi will assume office on May 1st 2021. Nabusayi was in 2015 appointed as the Presidential Press Secretary to replace Tamale Mirundi. Until that point, she had served as deputy press secretary.
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