profit warning Archives

Kampala Serena Hotel is part of the Serena Hotels chain, which comprises some of East Africa’s most prominent luxury and upscale lodges and city hotels operated by TPS Eastern Africa PLC. Photo credit: Serena Hotels.

Serena Hotels Operator Issues Profit Warning After Half-Year Loss of KShs 16 Million (UGX 448 million)

TPS Eastern Africa PLC, the operator of Serena Hotels, has issued a profit warning for the financial year ending 31 December 2025 after slipping into a half-year loss, marking a sharp reversal

November 30, 2025

The Big Story

Umeme Managing Director, Selestino Babungi. Umeme is yet to publicly articulate how it intends to return value to shareholders during this transitional period—whether through special dividends, share buybacks, or another mechanism. Without clarity, market confidence is likely to deteriorate further.

No Light at the End of the Tunnel: Chaotic Umeme Exit Leaves Investors Guessing In the Dark

Umeme Limited, once the crown jewel of Uganda’s stock market, has left shareholders bewildered and disappointed following a turbulent 2024 marked by a record loss, an unexpected dividend freeze, regulatory concerns, and

June 24, 2025

Legal & Justice·The Big Story