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Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group’s Profit After Tax surged 32% to Kshs 54.1…
Uganda’s banking sector has cemented its recovery and resilience, posting a record UGX 1.9 trillion net profit for the year ended June 2025. This was a nearly an increase of…
East African Breweries PLC (EABL) has reported a solid full-year performance for the year ended June 30, 2025, posting a 12% jump in profit after tax to Kshs 12.2 billion, despite tough market conditions. The group’s net revenue rose by 4% to Kshs 128.8 billion, driven by a 2% growth in volumes across both beer and spirits portfolios. In light of the performance, the Board recommended a final dividend of Kshs 5.50 per share, bringing the total dividend for the year to Kshs 8.00—up 14.3% from the previous year. The dividend will be paid on or around October 28, 2025,…
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Operating highlights Financial performance 10.6% and data revenue growth of 30.5%. Mobile money revenue grew by 29.9% in constant currency. Capital allocation Sunil Taldar, chief executive officer, on the trading…
MTN Uganda has remained resilient in the first nine months of 2022, navigating the prevailing tough macroeconomic conditions, to deliver double-digit service revenue growth in line with our medium-term guidance. The telecommunication giant recorded 11.5% to Ush 1,667.3 billion service revenue growth in its unaudited results for the nine-month period ended 30 September 2022. The company’s Chief Executive Officer, Sylvia Mulinge says that they invested a total of Ush276.7 billion in their network and systems, which has enabled double-digit performance. “Our investment is also focused on our ESG objective of reducing greenhouse emissions and adopting renewable energy in line with…
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MTN Uganda has declared an interim dividend of UGX 5.4 per share, a total of UGX 120.9 billion, after its net profit surges 21% to UGX 292.7billion for the nine months ending 30th September 2022. This is the second time that MTN Uganda has declared interim dividends to its shareholders this year, with the latest payment expected to be effected on 22nd December to shareholders on the register as at 1st December 2022. “The dividend will be transferred electronically to the bank accounts or mobile money wallets of shareholders,” MTN Uganda said in a statement. MTN Uganda’s service revenue rose…
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Uganda Development Bank Ltd (UDB), the country’s national Development Finance Institution, has released its Quarter Three (Q3) of 2022 results highlighting solid growth as the Bank continues to facilitate economic recovery through tailored interventions that suit the country’s development needs. Through Q3, which covered the months of July, August, and September, UDB’s investment portfolio (gross loans) improved by 15% to close at UGX1.18trillion. Compared to the previous year, the annual growth registered was in the highs of 57 per cent. During the quarter, the Bank approved funding amounting UGX333 billion and disbursed UGX237 billion. “The funding was allocated to 72…
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Airtel Africa has released half year ended 30 September 2022 results indicating double digit revenue growth by 12.9% in the first half and 12.7 for Q2,23. Constant currency growth rate accelerated to 18.5% in Q2, supporting half year growth of 16.9%. In a 27 October 2022 statement, the Group indicated that total customer base increased to 134.7 million, up 9.7%, with increased penetration across mobile data (customer base up 10.6%) and mobile money services (customer base up 24.0%). Mobile money transaction value increased by 31.7%, to an annualized value of $86.1bn in Q2’23. On the other hand, Profit after tax…
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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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Akzo Nobel, the parent company for Sadolin Paint, has announced global financial results for 2020 indicating strong growth despite the COVID-19 pandemic. Among other positives, the company recorded a significant net cash increase of €1,220 million mainly coming from operating activities and €243 million of cost savings, of which €115 million structural savings. The company also noted acquisitions of Titan Paints in Spain announced and New Nautical Coatings completed in the fourth quarter of 2020 among the highlights of what has been a tough year for many. AkzoNobel CEO, Thierry Vanlancker, commented: “Our 2020 results demonstrate structural performance improvement from…
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