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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…
To strengthen leadership and governance, New Vision Printing and Publishing Company Limited (Vision Group), Uganda’s largest multimedia company recently appointed two Board Directors and two members of the Board Audit and Risk Committee. The two board directors are Dr. Patricia K. Litho, an academician, researcher, and media practitioner as well as Dr. Edward Damulira Sengonzi, an accomplished accounting professional. The Board Audit and Risk Committee members are Mr. Paul Banadda Kiyingi, an accounting expert and Ms. Juanita Kakyubya Karamagi, a project management professional. The Patrick Ayota-led Board also has Sarah Irene Walusimbi, Robinah Kaitiritimba Kitungi, Peter Kawumi, Michael Nyago,…
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Marketing and media outfit Evolve Africa is set to return with the second season of the Uganda Marketing Excellence Awards (UMEAs) this Friday, 2nd December 2022. The red-carpet, black tie event shall be held at the Kampala Serena Hotel, Katonga Hall. The second installment of the UMEAs proceeds a successful debut edition that was held virtually last year, awarding over ten organizations for excellent marketing ideas, campaigns and good execution. The second installment of the awards is back to recognize and celebrate the phenomenal work of outstanding practitioners across the country and also shed light on various issues within the…
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Pamela Adongo speaks the language of marketing at the helm of the chain-like no one else. Pamela started as a Marketing Manager New Vision. Today, she is the Chief Marketing Officer of Next Media Services with more than a decade of academic and professional achievements. She also doubles as the General Manager, Next Coms, the digital agency for Next Media Services. To understand what she does, Marketing, in business refers to activities a company undertakes to promote the buying or selling a product or service. It speaks to customer segmentation, brand positioning, how you set your agenda to build brand…
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Robert Kabushenga, the outspoken Chief Executive Officer of Vision Group, Uganda’s largest media group has resigned. n an email to staff today, January 29, 2021, Kabushenga said that he had asked the board and the board had agreed to his exit. “This is to let you know that for personal reasons I have asked the Board for an early retirement and this has been accepted. “I am proud of the success we achieved and the impact we have had in society. This was possible because we worked together as a team. For me, it was an absolute honor and pleasure…
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Despite a general decline in advertising spend on traditional media, Vision Group’s Kabushenga has managed to grow advertising revenue by 11.28%. How much more can he sustain this growth as more and more readers and advertisers alike shift to digital platforms?
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10 years from now, in 2029 there will be no newspaper in Uganda left- unless of course the government decides to prop up The New Vision, with subsidies, mainly for…
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