Telecoms giant reports Ush367.5bn profit despite higher costs, regulatory changes and network disruptions Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s profits rose by almost 38% in the first half of 2026, as growing demand for mobile data and digital financial services helped the technology company withstand a …
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Kampala, Uganda | THE INDEPENDENT | NCBA Group Plc has posted a 12.2% increase in first-half profit as East Africa’s economic recovery fueled lending and customer deposits, helping the regional lender offset a sharp increase in provisions set aside against potentially bad loans. Net income rose to KSh12.4 billion in …
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Kampala, Uganda | URN | New Vision Printing and Publishing Company has warned shareholders that it expects to post another annual loss for the financial year ending June 30, 2026, dealing a setback to management’s ambitious turnaround strategy that had projected a return to profitability. The profit warning, issued …
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Kampala, Uganda | URN | Quality Chemical Industries Limited (QCIL) has posted its strongest financial performance since inception, reporting a third consecutive year of profit growth as investments in manufacturing capacity and product diversification continued to pay off. For the financial year ended March 2026, the pharmaceutical manufacturer recorded an …
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Cairo, Egypt | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank, has reported stronger first-quarter results for 2026, supported by growth in lending activity, higher interest income and stable asset quality, despite continued global economic uncertainty. The bank said profit for the three months to 31 March 2026 rose …
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The lender posted a 20.4% rise in profit after tax to Shs 586.2 billion Kampala, Uganda | JULIUS BUSINGE | In banking, consistency is often more valuable than bursts of brilliance. Stanbic Bank Uganda Limited appears to have mastered that art. The lender posted a 20.4% rise in …
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WASHINGTON, United States | Xinhua | The U.S. raid and capture of Venezuelan President Nicolas Maduro on Saturday marks one of the dramatic escalations in U.S. policy toward Latin America in decades. The operation has been framed by Washington as “combating drug trafficking,” but critics argue that its underlying motives …
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The Cairo-based trade finance institution announced on Sept.2 that its net income for the six months to June 30 rose to $412.7 million Kampala, Uganda | THE INDEPENDENT | African Export-Import Bank Group (Afreximbank) has reported a rise in first-half net income, supported by stronger income and higher liquidity buffers, …
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The operator reported a 28.8% rise in half-year profit, reaching Shs 197.2 billion as more Ugandans surf the internet rather than chat Kampala, Uganda | THE INDEPENDENT | Airtel Uganda is proving that in telecommunications, data, not voice, is now king. The operator reported a 28.7% rise in half-year profit, reaching …
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As Uganda’s development bank posts strong results, calls grow for sustainable government support to meet rising demand Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank (UDB), the country’s leading state-owned development finance institution, has reported a robust net profit of Shs 57.8 billion ($15.4 million) for the year ending 2024—an …
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The Independent Uganda: You get the Truth we Pay the Price
