New Vision Group

Vision Group
Publicly Traded Conglomerate
Industry Publishing, Printing, Broadcasting
Founded 1986 (1986)
Headquarters 2/4 First Street, Kampala, Uganda
Key people
 John Ssebabi
Chairman[1]
Robert Kabushenga
Group CEO
Products Newspapers, Magazines, Books, Television Stations, Radio Stations
Revenue IncreaseAftertax: UGX:13.888 billion (2017)[2]
Total assets UGX:85.85 billion (2017)[2]
Website Homepage

The New Vision Group of Companies, commonly known as the Vision Group, is a multimedia conglomerate in Uganda. It publishes the New Vision (newspaper), an English language daily newspaper, that appears in print form and online, as well as newspapers and magazines in a variety of Ugandan languages.[3]

Location

The address of the Group's headquarters is at 19-21 First Street, in the industrial area of Kampala, Uganda's capital and largest city. This location is at the intersection between First Street and Third Street, in Kampala Central Division, on property that measures 4.5 acres (2 ha).[3] The coordinates of the company headquarters are 0°19'20.0"N, 32°36'12.0"E (Latitude:0.322223; Longitude:32.603334).[4] The Group also maintains regional offices in the following urban centers: Luweero, Masaka, Jinja, Mbale, Soroti, Tororo, Arua, Gulu, Lira, Mbarara and Fort Portal.[5]

Overview

The group was established in 1986, with the flagship publication, the New Vision Newspaper. The group's holding company is The New Vision Printing & Publishing Company Limited, also referred to as the Vision Group. The Group owns other newspapers, radio stations and two television stations, as of January 2010.[6][7] The stock of the holding company is traded on the Uganda Securities Exchange, under the symbol NVL.[8]

Subsidiary companies

The subsidiary companies of the Vision Group include:[9] 1. New Vision (newspaper): published in English 2. Bukedde newspaper: published in Luganda 3. Orumuri newspaper: published in Runyankole/Rukiga 4. Etop newspaper: published in Ateso 5. Rupiny newspaper: published in Luo[9]

6. Premiership magazine: Soccer magazine covering English, African and Ugandan soccer news, published monthly in English. 7. City Beat magazine: Entertainment magazine aimed at the affluent 19 to 35 demographic age group, published monthly in English 8. Secondary Schools Directory: published annually in English 9. Bride & Groom magazine: Bridal magazine, published quarterly in English[9]

10. New Vision Printing & Publishing Company Limited: Most newspapers in Uganda, Rwanda and Southern Sudan are printed by Vision Printing.[10]

11. Vision Voice FM 94.8, (now X-FM): Based in Kampala. Broadcasts in English, covers a radius of 100 kilometres (62 mi). 12. Radio Bukedde FM 100.5: Based in Kampala. Broadcasts in Luganda 13. Radio West FM 100.2: Based in Mbarara. The dominant radio station in the Western Region of Uganda. Broadcasts in Runyankole/Rukiga, Runyoro/Rutoro and English. 14. Radio Rupiny FM 95.7: Based in Gulu. Broadcasts in Luo 15. Radio Etop FM 99.4: Based in Soroti. Broadcasts in Ateso[11]

16. Arua One FM 88.7: Acquired in Arua during 2012. Broadcasts in Lugbara, Swahili and English. 17. Urban Television: Launched in October 2009. Transmits in English 18. Bukedde Television (BTV): Launched in October 2009. Transmits in Luganda 19. West Television (West TV): Operating in the Western parts of Uganda alongside Radio West. transmits in Runyankole/Rukiga, Runyoro/Rutoro and English.[9]

Ownership

The Vision Group is owned by the Ugandan government and by institutional and individual investors. The shares of the Group are traded on the Uganda Securities Exchange (USE), under he symbol:NVL. The table below summarizes the ownership structure of the Vision Group, as of 30 June 2016.[8]

New Vision Group Stock Ownership
RankName of OwnerPercentage Ownership
1Ministry of State for Finance (Privatization)26.67
2Ministry of Finance, Planning and Economic Development26.67
3National Social Security Fund19.61
4National Social Security Fund: Pinebridge2.86
5National Insurance Corporation2.70
6Bank of Uganda Staff Retirement Benefit Scheme: AIG2.23
7Bank of Uganda Staff Retirement Benefit Scheme: SIM1.28
8Insurance Company of East Africa Uganda Limited0.74
9Wazunula Samuel Mangaali0.67
10Makerere University Retirement Benefits Scheme0.62
11Other Institutional & Individual Investors15.97
Total100.0

See also

References

  1. ↑ Candia, Steven (16 November 2012). "Vision Group Profits Hit Sh3 Billion". New Vision. Kampala. Retrieved 5 June 2018.
  2. 1 2 Vision Group (4 October 2017). "New Vision Group Annual Report for Year Ended 30 June 2017" (PDF). Kampala: New Vision Group. Retrieved 5 June 2018.
  3. 1 2 Mutegeki, Geoffrey (23 September 2017). "Vision Group names building after William Pike". New Vision. Kampala. Retrieved 5 June 2018.
  4. ↑ Google (11 January 2016). "Location of New Vision Group Headquarters" (Map). Google Maps. Google. Retrieved 11 January 2016.
  5. ↑ Vision Group (5 June 2018). "New Vision Group: Contact Information". Kampala: New Vision Group. Retrieved 5 June 2018.
  6. ↑ Juuko, Sylvia (29 October 2009). "New Vision Expands Into Television". New Vision. Kampala. Retrieved 5 June 2018.
  7. ↑ Vision Reporter (29 October 2009). "Bukedde TV Station Starts". New Vision. Kampala. Retrieved 5 June 2018.
  8. 1 2 New Vision Group (1 November 2017). "Annual Report for the Twelve Months Ended 30 June 2017: Summary of Shareholder Distribution" (PDF). Kampala: New Vision Group. p. 39. Retrieved 5 June 2018.
  9. 1 2 3 4 Vision Group (2016). "New Vision Group: Products". Kampala: New Vision Group. Retrieved 5 June 2018.
  10. ↑ Preventionweb (5 June 2018). "Profile of New Vision Printing & Publishing Company Limited". Preventionweb.net. Retrieved 5 June 2018.
  11. ↑ Jaramogi, Patrick (20 October 2009). "Etop Radio Takes Over Teso Airwaves". Kampala: New Vision. Retrieved 5 June 2018.

Coordinates: 00°19′12″N 32°35′58″E / 0.32000°N 32.59944°E / 0.32000; 32.59944

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.