If you want to know about the reputed companies in Uganda, we can provide you the information. Just go through the article. We hope you will catch on the details. You can access the information here.

There are several business structures in Uganda. These are sole proprietorships, private companies limited by shares or guarantee, public limited companies, unlimited companies, statutory corporations, branches of foreign legal entities and partnerships.

Here the top 10 companies in Uganda

1. MTN Uganda

MTN Uganda is the largest telecom company operating in Uganda. Having reached a new milestone hitting 15 million subscribers in July 2021, the company continues to demonstrate market share leadership with over 50% of total subscriber base in Uganda. MTN Uganda is a subsidiary of MTN Group, a South African multinational telecommunications company, connecting approximately 279.6 million people in 22 countries across Africa and the Middle East.

The telecom company entered the Ugandan trade in 1998. In the 12 months ended 31 December 2019, MTN Uganda’s tax revenue to government amounts to USh1.5 trillion (approx. US$407 million).

2. Airtel Uganda Limited

Airtel Uganda limited is one of biggest and richest Ugandan companies. The company is owned by the Indian parent company Bharti Airtel Limited. The company also offers mobile funds transfer and banking services known as Airtel Payments Bank. The company has made it to the top through several acquisitions.

The company was founded in 1995 as Celtel Uganda, the first privately owned mobile telephone company in Uganda. In July 2007, Celtel Uganda changed its brand name to Zain Uganda. In 2010, Bharti Airtel acquired majority shareholding in the business and the name was changed to Airtel Uganda. The company’s tax revenue to government is a whooping Shs500b.

3. Tororo Cement Limited

Tororo Cement Limited (TCL) is the largest producer of cement in Uganda producing 3 Million metric ton annually, after installation of new energy efficient modern state of the art technology, Cement grinding (VRM) mill, Rotary packers and Silos. The company directly and indirectly provides employment to over 8000 people.

This company was established in 1952 by the British as Uganda Cement Industries to manufacture cement from the abundantly available limestone in the area around the town of Tororo in the Eastern Region.. The company’s tax value to government is Shs 367,998,929,993.

4. Stanbic Bank

Stanbic Bank is the largest commercial bank in Uganda with assets more than UGX 5.4 trillion. The bank first operated in Uganda as the National Bank of India in 1906. As of 31 December 2020, the banks assets were valued at Shs8.58 trillion (US$2.387 billion) and has a revenue after tax amounting to USh 241.7 billion (US$67.23 million). In June 2018, Fitch Rating Agency gave Stanbic Bank Uganda a AAA rating with a Stable outlook. The back is owned by Stanbic Africa and contributes Shs164b to the national revenue.

5. Century Bottling Company Limited

Century Bottling Company Limited is a Franchise Bottler and distributor of Coca Cola Products in Uganda and is owned by CocaCola Sabco. Century Bottling Company is the official authorized producer and distributor of Coca-Cola products in Uganda. The company owns two plants: one in Namanve (with a capacity of producing 24,000 bottles an hour) and another in Mbarara. The tax revenue for this company is worth Shs 78,879,404,573.

6. Umeme Limited

Umeme is the largest energy distributor in Uganda, accounting for almost 97% of the country’s supply of electricity. Umeme was formed in 2004 when the government of Uganda leased the Uganda Electricity Distribution Company Limited to a consortium belonging to Globeleq (56 percent), a subsidiary of the Commonwealth Development Corporation of the United Kingdom, and Eskom of South Africa (44 percent).

The company’s assets are worth UGX 1.775 trillion and shares worth UGX 503.8 trillion. The company’s taxes are worth Shs 66,307,152,305.

7. Bujagli Energy Limited

In our eighth spot comes Bujagali Energy Limited (BEL), a company owned by the Bujagali Industrial Power Company Limited. BEL is a single purpose company, formed to develop the 250megawatt Bujagali Hydropower Station. The company was started in 2004, and it owns the largest hydropower plant in Uganda, the Bujagali Power Station. The tax revenue for this company is exceeds Shs 74,975,273,650.

8. Kakira Sugar Limited

Kakira Sugar Works Limited, often referred to as Kakira Sugar Works (KSW), is a leading sugar manufacturer in Uganda, the third-largest economy in the East African Community. The company recently received an upgrade and now crushes more than 7,500 tons Cane per Day, accounting for nearly 47% of the sugar supply in Uganda.The tax revenue for this company is more than Shs 70,620,565,962.

9. Kinyara Sugar Works Limited

Kinyara Sugar Works Limited was established in 1969 in Masindi. It began by Omukama of Bunyoro Tito Owiny, offering sugar to Northern Uganda. In partnership with the legislature until realms were cancelled in 1966. It was later revived by Booker Tate Ltd, which later offered its shares to Rai Group. As of now, the company is claimed by Rai Group Mauritius (70%) and Uganda Government (30%).

Kinyara Sugar Works comes second in place as the top richest producer of sugar in Uganda. As a result, creating 31% of all sugar evaluated at 110,000 metric tons every year. The company additionally creates 33MWs of power with the capability of offering 22MWs to the country. It has an expense payout of Shs 62,498,406,168.

10. Sugar Corporation of Uganda Limited

SCOUL (Sugar Corporation of Uganda Limited) was begun in 1924 and is claimed by Mehta Group (49%) and the Ugandan Government (51%) with an excess of 7,000 employees. Hence, the company takes third place as the top richest maker of sugar in Uganda.

With the creation of around 100,000 tons for each year, which is 17% of all the sugar deliver in Uganda. Mehta Group is situated in Mumbai, India, with a ton of organizations in Africa, Asia, Europe, and North America utilizing in excess of 10,000 employees. SCOUL has an expense estimation of Shs 57,277,705,804.

Conclusion

From agribusiness to telecommunications, there are many ways to get involved in the business sector in Uganda. Whether you are a veteran trader or a newcomer to the industry, there is a business opportunity that could be right for you. With careful planning and a strong understanding of the local market, you can build a profitable and sustainable company in Uganda.