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Banks, Teleco's worth the money for stock investors

Banks and Telco’s stocks gave investors the highest return on investment while other listed companies took a beating from weak financial results. ....

Capital Markets Authority , Mtn Uganda , Telecommunications Company , Eleco S , Uganda Securities Exchange , Cipla Quality Chemicals , Uganda Clays , Bat Uganda , Makerere University School Of Economics , Fred Muhumuza , Andrew Mwiima , Sigma Capital Advisory Services , Amos Lugoloobi ,

How Uganda's thriving tobacco withered and went up in smoke

At the peak of production in 2013, tobacco leaf was one of Uganda’s biggest foreign exchange earners. ....

United States , Kiryandongo District , Apollo Rwamparo , Bunyoro Hoima , Henry Bihemaiso , Simon Abindu , Gafabusa Iguru , Geoffrey Ozuma , Link Tobacco Company , Global Leaf Holdings , Tobacco Company , Alliance One Uganda , Alliance One International , Tropical Leaf Company , Uganda Tobacco Services , National Agricultural Research Organisation Naro , British American Tobacco , British American Tobacco Uganda , Middle East , South Africa , Continental Tobacco , Meridian Tobacco , King Solomon Gafabusa Iguru , Bunyoro Kitara Kingdom , National Agricultural Research Organisation , Kinyara Sugar Works ,

BAT-Uganda posts Shs 29bn profit in 2020

Profit before tax increased by 30 per cent driven by growth in profit from operations and higher net finance income. Gross revenue, however, reduced by 1 per cent due to lower sales volumes, reflecting the impact of the COVID-19 pandemic.
Meanwhile, despite the low sales, the company s net revenue increased by 5 per cent to Shs 79 billion primarily driven by the cost-saving initiatives undertaken to cushion the business from the adverse impact of the COVID-19 pandemic.
“Estimates show that the government loses approximately Shs 30 billion in revenue annually. Towards the end of 2020, we commissioned third-party research which found that 17.4 per cent of cigarettes sold in the Ugandan market were illicit. Further, about 44 per cent of illicit cigarettes sold in Uganda are smuggled across the border; primarily tax-evaded cigarettes from Kenya. To address this problem, we believe that a multi-pronged approach would be most effective, including enhanced factory, border and s ....

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