Tag Archives: shares

  President to MTN, ‘Float shares on local stock exchange to correct trade deficit’ Davos, Switzerland | THE INDEPENDENT | President Yoweri Museveni has said government and business leaders must have a win-win formula devoid of exploitation of the local people to avoid grievances between locals and foreign investors. “We …

Kampala, Uganda | THE INDEPENDENT | Tullow Oil is in the final stages of farming down its stakes in the Lake Albert Graben to its joint venture partners Total and China National Offshore Oil Company (CNOOC). Tullow, Total and CNOOC hold equal stakes of 33.3 percent in the Lake Albert Basin …

Kampala, Uganda | THE INDEPENDENT | Kilembe Investments Limited (KIL) is stuck with more than 100,000 of her shares worth more than 1 billion shillings. KIL is a power distribution company operating within Kasese, Rubirizi and Sheema districts. It was founded in 1997 as a power company limited by shares. According …

Barclays PLC sells 33.9% more shareholdings in Barclays Africa London based Barclays PLC on June 01 shed 33.7% more shareholdings in Barclays Africa Group to equity investors at South African Rand R37.7bn, further reducing its stake in the latter company. The lender sold 285.7million Barclays Africa ordinary shares reducing its …

Barclays PLC has announced its intention to sell 187 million ordinary shares in Barclays Africa Group, which represents approximately 22% of Barclays Africa’s issued share capital. This follows receipt of the required regulatory approvals, including approval from the South African Minister of Finance, for Barclays PLC to reduce its shareholding …

Ugandan bourse managers say pharmaceutical firm’s latest plans no different from past claims The Kampala-based pharmaceutical firm Cipla Quality Chemical Industries Ltd, often called just Quality Chemicals Ltd, has once again signaled intention to offer shares to the public in an Initial Public Offer (IPO). The subsidiary of Indian drugs …

CIC Africa Limited is seeking to raise Sh7.2billion to recapitalise the company’s subsidiaries and fund its expansion. The company plans to raise the funds through sale of 49 % stake to Uganda based co-operatives unions and savings and credit cooperative Societies. Launching the offer on Oct 17, the firm’s chairperson …

Despite a notable decline in profits, the Vision Group will pay its shareholders a dividend of Shs 50 per share, which translates into a total of Shs 1.4 billion. The dividend, which will be paid on or before Jan 18, 2017, is a little higher than the Shs 35 the …

DFCU Bank shareholders are hopeful that 2016 will be good following the release of their company’s half year 2016 un-audited financial statements, which have indicated a Shs 9.6 billion increase in profit compared to the same period last year. According to the financial performance for the first half of the …

Sale of leaf business takes toll as Tobacco Control Act also gets set to bite By Patrick Kagenda In December last year, British America Tobacco Uganda (BATU) issued a public statement warning shareholders and potential investors that their profits would be significantly lower (by about 20%) than the previous year’s …