profit Archives – CEO East Africa

A photo collage of Hina Nagarajan, Diageo President, Africa and Jane Karuku, EABL Group CEO

Is EABL Next on the Market as Diageo Steadily Exits Africa?

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

May 22, 2025

East Africa·News & Analysis·The Big Story

Dr. Joshua Oigara- Stanbic Kenya Chief Executive

Stanbic Bank Kenya’s Q1 Profit Drops by 16% on Lower Forex Income

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,

May 12, 2025

Global News·News & Analysis·The Big Story

Stanbic Uganda Holdings CEO, Francis Karuhanga presenting Stanbic Bank's 2024 financial performance at Serena Hotel in Kampala

Stanbic Uganda Posts Record UGX 478 Billion Profit in 2024, Assets Cross UGX 10 Trillion Mark

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 ended December

March 24, 2025

Banking & Financial Services·East Africa·The Big Story

Soumendra Sahu- Airtel's Managing Director who was appointed in October, 2024, has delivered a strong performance for Airtel with

Airtel Uganda reports UGX 317 billion in net profit as voice and data revenues grow

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

February 20, 2025

Banking & Financial Services·East Africa·News & Analysis·The Big Story

Rueben Tumwebaze, Uganda Clays Managing Director

Uganda Clays sinks deeper into losses

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February 5, 2025

Business & Markets·East Africa·Global News·News & Analysis·Technology & Innovation·The Big Story

A photo collage of top Directors of Uganda's major public corporations and state enterprises. First row from top left: UETCL CEO Joshua Karamagi, Civil Aviation Authority Director General Fred Bamwesigye, UEDCL CEO Eng. Harrison Mutikanga. Second row from left: UNOC CEO Proscovia Nabbanja, NEC Luwero Enterprises CEO Lt. Gen. James Mugira, Uganda Railways Acting MD Musoke David Bulega. Bottom left: Uganda Airlines CEO Jennifer Bamuturaki, UEDCL M.D Paul Mwesigwa and Uganda Printing and Publishing Corporation CEO Prof.Sudi Nangoli.

Auditor General reveals most profitable and loss-making gov’t agencies

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

January 17, 2025

Banking & Financial Services·Business & Markets·C-Suite Leadership·Energy, Oil & Gas·Manufacturing & Industry·News & Analysis·Technology & Innovation·The Big Story

Kiconco has invested in agro inputs to support farmers in Rubanda District.

Rubanda’s woman’s path to prosperity with dfcu Bank’s GROW Loan

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,

November 30, 2024

Company News

L-R: Equity Bank Kenya Managing Director, Moses Nyabanda, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Group Chief Internal Auditor, Beth Kithinji, during the Q3 2024 Investor Briefing event.

Equity Group Holdings PLC Reports 3rd Quarter 2024 Profit After Tax of Kshs 40.9 Billion

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,

November 12, 2024

Banking & Financial Services·Company News·East Africa·Global News·The Big Story

Stanbic management team at the release of the of the half-year perfomance results at Crested Towers in Kampala. Francis Karuhanga, CEO-Stanbic Uganda Holdings Limited (Center), Ronald Makata- Chief Finance and Value Management Officer (Second Left), Cathy Adengo- Head of Sustainability at Stanbic Bank Uganda (Second Right), Israel Arinaitwe- Head Personal Markets, (Extreme Right) Kenneth Agutamba - Head, Reputation and Communication (Extreme Left).

Stanbic Bank Uganda’s net profit surge to UGX 236 billion in the first half of 2024

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

August 18, 2024

Company News

Sanlam Life Insurance Family Protection Plan still on course for Policyholders in Uganda

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

July 18, 2024

Company News·The Big Story