Ugandan tycoon Charles Mbire’s MTN Uganda announces record dividend payout
MTN Uganda’s success in 2023, brought about the increase in dividend dividend of Shs 403 billion ($103.95 million).
Ugandan businessman
Ugandan tycoon Charles Mbire’s MTN Uganda posts $40-million profit in Q1 2024
This strong performance builds on MTN Uganda’s success in 2023, with total revenue rising 16.75 percent to Ush2.67 trillion ($687.97 million).
Ugandan businessman Patrick Bitature faces prosecution over $26-million fraud
If found guilty, the 60-year-old Ugandan businessman and his 56-year-old wife could face severe legal consequences.
7 richest people on the Uganda Securities Exchange
Here are the seven individuals who currently hold the most valuable portfolios on the Uganda Securities Exchange:
Uganda-based entrepreneur Kaivan Sattar’s startup acquires Mexican firm FlexClub
Over the six years of its operation, Asaak, under Sattar’s leadership, has facilitated the acquisition of more than 5,000 motorcycles.
Uganda’s richest man Sudhir Ruparelia demands $8.66 million in rent arrears from dfcu Bank
Uganda’s richest man with a $1.1-billion net worth in 2012, Ruparelia is the chairman and founder of The Ruparelia Group.
Ugandan tycoon Patrick Bitature’s Simba Telecom ventures into East Africa’s booming solar energy market
Simba Telecom is a leading telecommunications enterprise.
Ugandan tycoon Charles Mbire’s MTN Uganda beats profit expectations, rakes in over $100 million
Mbire is the wealthiest investor on the Uganda Stock Exchange.
Ugandan tycoon Charles Mbire’s MTN Uganda reports more than $50 million in profit in H1 2022
Mbire owns 3.98 percent of the company.
Court of Appeal blocks sale of real estate assets owned by Ugandan magnate Patrick Bitature
The decision comes at a crucial time for Bitature.
Ugandan magnate Charles Mbire gains $4.7 million from stake in MTN Uganda
Mbire owns 3.98 percent of the telecom company.
Ugandan magnate Patrick Bitature loses court bid to block auctioning of prime real estate assets
The ruling implies that the auction of Bitature’s real estate empire can continue.
Ugandan mogul Patrick Bitature, Vantage Capital at odds over $30-million property loan
Bitature is the founder, chairman and group CEO of Simba Group.