Energy Minister Mary Gorret Kitutu takes President Museveni on a guided tour of the newly upgraded sub station in Mbale. PHOTO/COURTESY. Power supply in the Bugisu sub-region is expected to stabilise after President Museveni launched an upgraded 50 megawatts Mbale substation near Bugema. The region, which hosts Mbale City, one of Uganda’s most commercial centres, […]
The fall in the shares of the companies could be attributed to a fall in demand as foreign investors withheld their money, while others sold off their share to either keep cash or reinvest in their home countries and other markets considered safer. The market value of the companies listed on the Uganda Securities Exchange […]
The fall in the shares of the companies could be attributed to a fall in demand as foreign investors withheld their money, while others sold off their share to either keep cash or reinvest in their home countries and other markets considered safer. The market value of the companies listed on the Uganda Securities Exchange […]
The total market capitalisation of firms listed at the Uganda Securities Exchange fell to Ush4.27 trillion ($1.15 billion) in 2019/20, from Ush4.91 trillion ($1.32 billion) in 2018/19. According to Capital Markets Authority report, the drop was driven by substantial declines in share prices of locally listed companies, a trend that was escalated by the Covid-19 […]
Uganda Clays Limited, the producer of baked clay building products, has recorded a drop in operating costs but losses increased for the second consecutive year, as it faced stiff competition in the construction sector amidst coronavirus pandemic. Kampala, Uganda | ISAAC KHISA | The company recorded a 6% reduction in operating costs to Shs4.5billion in […]
Uganda Clays Limited (the Company) wishes to inform its shareholders and the general public that the Company’s unaudited financial statements for the six-month period January – June 2020, which are due to be published soon, are likely to return a loss position. Full Details
Patrick Bitature (middle), the Umeme chiarman rings a bell at the USE recently. Market executives anticipate good performance as COVID-19 threat is minimized Kampala, Uganda | JULIUS BUSINGE | Trading in the second quarter of 2020 at the Uganda Securities Exchange registered a tremendous decline as Uganda’s equity markets continued to feel the impact of […]
Uganda Clays Ltd will hold its 2020 Annual General Meeting on Friday 25th September,2020 at 2.30 pm EAT.
Company executives explain cause of Shs88million loss Kampala, Uganda | JULIUS BUSINGE | Uganda Clays Limited, a clay building materials manufacturer has recorded Shs88million loss for the year 2019 as opposed to the net profit of Shs1.9bn in 2018. According to the company’s financial statements released on July 17, total revenue for the period was […]
A truck is loaded with roofing tiles at Uganda Clays products yard in Kamonkoli. Production at the facility has never reached optimal levels. PHOTO | FILE | NMG Uganda Clays sacked a number of senior managers in March on grounds of poor performance and allegations of insider fraud following weak financial results posted during the […]
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