gaziantep escort,escort bayan,beylikdüzü escort,
alanya escort,gaziantep escort
East African Breweries Limited (EABL), one of the crown jewels in Kenya’s corporate sector, is now at the centre of market speculation following a broader strategic pivot by its parent company, Diageo PLC, which has been steadily retreating from several African markets. According to a report by Business Daily Africa, the British beverages giant on Tuesday unveiled a sweeping $500 million (KSh64.65 billion) cost-cutting and asset disposal programme as part of what it calls an “asset-light model,” a strategy designed to reduce exposure to volatility in emerging markets and boost returns. The Nairobi Securities Exchange-listed EABL, in which Diageo holds…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Stanbic Bank Kenya, a subsidiary of Stanbic Holdings Plc, reported a 16.6% decline in net profit for the first quarter ended March 2025, largely attributed to a sharp drop in non-interest income, particularly from forex trading activities. According to reporting by Business Daily Africa, the bank posted a net profit of KSh 3.3 billion for Q1 2025, down from KSh 3.9 billion in the same period the previous year. The main contributor to the decline was a 27.2% slump in non-interest income, which fell to KSh 2.7 billion. Notably, forex trading income plunged to KSh 977 million from KSh 2.3…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Stanbic Uganda Holdings Limited (SUHL), the parent company of Stanbic Bank Uganda and four other subsidiaries, has announced a record net profit of UGX 478 billion for the financial year…
Airtel Uganda has reported a profit after tax (PAT) of UGX 316.7 billion for the 12 months to December 2024, signalling improved performance compared to in the same period in 2023. The UGX 316.7 billion was UGX 19.7 billion higher than the UGX 297 billion that the telco reported in the 12 months to December 2023. The growth was largely due to the telco’s strong revenue performance, continued cost efficiencies, innovation, stable macro-economic environment and commitment to meeting the needs of clients and employees. Airtel kept a sustained growth in 2024, with revenues of UGX 1.987 trillion, an 11.4% increase…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
The Uganda Electricity Transmission Company (UETCL) has been ranked as the most profitable public company with a profit of UGX 82.3 billion earned through energy sales in the Financial Year (FY) ending June, 2024. UETCL was closely followed by Uganda Electricity Generation Company (UEGCL) at 54.2 billion and Uganda Civil Aviation Authority at UGX 32 billion. The three top public corporations raked in a combined UGX 168 billion in annual profits outperforming other 17 sister corporations and state enterprises, according to details from the latest Auditor General’s report. However, UETCL’s profitability decreased by 13 percent from UGX 94 billion in…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
For years, Gillian Kiconco, a dedicated young woman from Rubanda District, dreamed of making a difference in Uganda’s agricultural sector. With a Diploma in Crop Production and a Bachelor’s in Crop Science, she had all the knowledge and passion but faced a harsh reality after graduation: there were no job opportunities. For four long years, she remained unemployed, wondering how to put her skills to use. In 2017, driven by the desire to secure her future, Gillian took a bold step and opened a farm supply store. She started small, selling fertilizers, herbicides, farm tools, and other essential agricultural products….
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Against a backdrop of continued macroeconomic headwinds of high interest rates and volatile exchange rates across the markets that the Group operates in, Equity Group Holdings Plc (EGH) continues to demonstrate resilience, with regional businesses contributing 51% of profit before tax and 48% of total assets to reach Kshs.1.7 trillion as of 30th September 2024. The Group, which has been named the top financial brand in Africa and the 2nd strongest bank Brand in the world by Brand Finance and backed by its motto of ‘’Growing Together in Trust’’, has seen its deposit franchise grow 9% year-on-year to Kshs.1.3 trillion,…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Stanbic Bank Uganda has maintained a strong growth momentum in the first half of 2024 posting a profit of UGX 236 billion on its income statement. This represents a 17.6 percent growth compared to the UGX 200 billion earned in the first half of 2023. Stanbic’s stellar half-year performance was largely backed by the Group’s revenue which remained well diversified with non-interest revenue in fees, commissions and trading revenue contributing 43.2% to the total pool of revenue. This was further supported by drop in credit impairments driven by improved asset book and recoveries after write off. The bank also recorded growth…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
The Sanlam Life Insurance Uganda Chief Executive Officer, Gary Corbit has clarified about the legal status of Sanlam’s existing Family Protection Plan product, noting that its still on course, and policyholders’ contracts and their acquired rights have not been affected by the suspension of the policy from Insurance Regulatory Authority (IRA). “We would like to assure you that Sanlam Life Insurance Uganda Limited management is currently in discussions with the regulator to ensure that our valued customers and partners continue to have access to and benefit from our comprehensive family protection insurance solution available to families in Uganda,” Mr Corbit…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
beylikdüzü escort
beylikdüzü escort
