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Listed company dividends rise despite decline in profitability

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There are eight locally listed companies on the Uganda Securities Exchange (USE). With the exception of the Vision Group – its reports are based on a financial year and not a calendar year – the other seven companies combined paid-out more dividends to shareholders despite the overall decline in profitability. The companies include dfcu, Stanbic, […]

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My 12 hours in Nairobi

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Time check. 5:00 am. Passport. Check. Start the engine. And off we go. Destination; Nairobi via Entebbe International Airport. Entebbe International Airport. Check-in. The flight. Jambojet. A low-cost airline operating two daily flights between Entebbe International Airport and Jomo Kenyatta International Airport, Nairobi. It is the cheapest option for a flight between Entebbe and Nairobi. […]

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Is a bank bailout possible in Uganda?

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A few weeks ago, the Uganda Bankers Association hosted the 2nd Annual Bankers Conference. It was a conversation for the whole day. The topic “Financial Sector Stability: Managing Risk in Growing & Fast-Changing Environment”. Quite timely. Why? Two factors. Technology and Regulation. The two are linked. For banks to continue “innovating” around financial services, they […]

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Is there a case for Umeme’s concession renewal?

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President Museveni has thrown a spanner in the works. He doesn’t think the renewal of the Umeme concession in 2025 is warranted. He wants an option for cheaper distribution of electricity in Uganda. His concern? The cost of power remains high and energy losses – at 17.5% (June 2017) – are being factored into the […]

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What if we had let Crane Bank fail(?)

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“The supreme art of war is to subdue the enemy without fighting.” ― Sun Tzu, The Art of War It is July 2015. The big news. Several companies are seeking a government bailout. The figure. About Shs1.3trillion. The economy is in slowdown mode. Some of the companies are heavily leveraged. The bailout could save them […]

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“Uganda’s oil” and Wakanda

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Wakanda. Futuristic. It doesn’t rely on foreign aid. It is rich. Technologically advanced. Built local capacity. Local capacity is local content. They had a very rare metal. Could be a mineral. Vibranium. It is also fictional. In the Wakanda Kingdom, they seem to have managed their resource well (apart from the fact that they don’t […]