Ugandan steel tycoon Sikander Lalani exits Kenyan market in a move that rattles industry
Sikander Lalani’s sudden withdrawal from Kenya has unsettled Uganda’s steel market, raising fears of higher prices and tightening supply.
Ugandan tycoon
Ugandan tycoon Emmanuel Katongole’s QCIL unveils new drug factory in Kampala
QCIL, chaired by Ugandan tycoon Emmanuel Katongole, has unveiled a new factory in Kampala, boosting Africa’s drug output and regional health self-reliance.
Patrick Bitature, one of Uganda’s richest men, faces $10 million legal setback
Ugandan tycoon Patrick Bitature faces $10 million legal setback from South Africa’s Vantage Mezzanine Fund II Partnership.
Ugandan tycoon Charles Mbire-led MTN Uganda unveils fintech spin-off
MTN Uganda will spin off its mobile money unit into a standalone fintech firm, aiming for IPO and long-term growth in East Africa's digital economy.
Ugandan tycoon Charles Mbire's stake in MTN Uganda nears $70 million
Over the past 51 days, the value of his shares has jumped by Ush17.91 billion (around $4.89 million) as renewed optimism lifts MTN Uganda’s stock price.
Ugandan tycoon Patrick Bitature suffers another legal defeat against South Africa’s Vantage
Ugandan tycoon Patrick Bitature suffers another legal defeat against South Africa’s Vantage
Ugandan tycoon Charles Mbire sees $3.65 million loss on MTN Uganda shares
Mbire saw the market value of his holdings drop from $70.57 million on Jan. 15 to $66.92 million at the time of this report.
MTN Uganda secures $100 million loan for network expansion, corporate purposes
The financing demonstrates MTN Uganda’s strong financial position and commitment to advancing digital and financial inclusion.
Ugandan tycoon Charles Mbire’s MTN Uganda hits 20 million customer milestone
MTN Uganda boasts an impressive 98 percent coverage area, serving a vast majority of the Ugandan population.
Ugandan tycoon Charles Mbire’s MTN Uganda reports $127.1 million in profit in 2023
Voice revenue rose 11.6 percent, while data and mobile money revenue surged 21.6 percent and 17.6 percent, respectively.
Ugandan tycoon Patrick Bitature and Absa Bank clash over $13.6-million loan
The growing number of legal disputes surrounding Bitature has raised concerns about his financial standing.
Kampala court halts bid by struggling Ugandan tycoon to reclaim assets mortgaged to South African creditors
Prior to the recent ruling, the International Chamber of Commerce Court of Arbitration ordered Bitature, his wife, and their companies to pay a total of $65.7 million.
Ugandan tycoon Charles Mbire takes $2.3-million hit from MTN Uganda stake
The decline in the market value of Mbire’s MTN Uganda stake underscores the challenges faced by investors in the Ugandan market.
Ugandan tycoon denies plans to pay Burna Boy $1 million for stadium opening
The reaction by Kiggundu, confirmed by sources close to him, follows a flurry of media reports initially disclosed by Kenyan online newspaper Tuko.
Struggling Ugandan tycoon Patrick Bitature ordered to pay South African firm $65 million
According to court documents, Bitature has been directed to personally pay $25.4 million as a result of a breach of contract.