HOME

TheInfoList



OR:

The Vision Group of Companies, commonly known as the Vision Group, is a multimedia conglomerate in
Uganda Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. It is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the ...
. It publishes the New Vision (newspaper), an English-language daily newspaper that appears in print form and online, as well as other newspapers and magazines in a variety of Ugandan languages.


History

The group was established in 1986, with the flagship publication, the ''
New Vision The ''New Vision'' is a Ugandan English-language daily newspaper. It was established in its current form in 1986 by the Government of Uganda. It is the flagship newspaper of the state-owned Vision Group, a multimedia conglomerate. Along with ...
'' newspaper. The company's first managing director was William Pike, who started the year the group launched. In 2007, a board member of the New Vision Group was allegedly poisoned. In 2009, the group apologised for publishing a corruption story on
Muwenda Mutebi II of Buganda Kabaka Ronald Edward Frederick Kimera Muwenda Mutebi II (born 13 April 1955) is the 36th Kabaka of Buganda, Kabaka or king of the Buganda, Kingdom of Buganda. He was appointed as Joint United Nations Programme on HIV/AIDS, UNAIDS Goodwill Ambassad ...
. The group launched its global mobile application (E-Paper) in 2015 but disabled it in 2019 to work on upgrading it. In March 2016, the groups signed a partnership with Wakaliwood Uganda to promote the Ugandan film industry. In 2017, the group's accountant was sentenced to five years in prison for embezzling 262 million shillings from the group from 2008 to 2013. In May 2020, in the outburst of the COVID-19 pandemic in Uganda, the New Vision Group sent dozens of employees on forced leave without pay, twelve days after it had announced major salary cuts. Following this announcement, the group's accountant was found dead in her house.


Overview

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. The stock of the holding company is traded on the
Uganda Securities Exchange The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's ...
, under the symbol NVL. The address of the Group's headquarters is 19-21 First Street, in the industrial area of
Kampala Kampala (, ) is the Capital city, capital and largest city of Uganda. The city proper has a population of 1,875,834 (2024) and is divided into the five political divisions of Kampala Central Division, Kampala, Kawempe Division, Kawempe, Makindy ...
.


Subsidiary companies

The subsidiary companies of the Vision Group include: # New Vision (newspaper): published in English # Bukedde newspaper: published in
Luganda Ganda or Luganda ( ; ) is a Bantu language spoken in the African Great Lakes region. It is one of the major languages in Uganda and is spoken by more than 5.56 million Ganda people, Baganda and other people principally in central Uganda, includ ...
# Orumuri newspaper: published in Runyankore/ Rukiga (or Runyakitara) # Etop newspaper: published in Ateso # Rupiny newspaper: published in Luo # Premiership magazine: Soccer magazine covering English, African and Ugandan soccer news, published monthly in English. # City Beat magazine: Entertainment magazine aimed at the
affluent Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word , which is from an ...
19 to 35 demographic age group, published monthly in English # Secondary Schools Directory: published annually in English # Bride & Groom magazine: Bridal magazine, published quarterly in English # New Vision Printing & Publishing Company Limited: Most newspapers in Uganda, Rwanda and Southern Sudan are printed by Vision Printing. # Vision Voice FM 94.8, (now X-FM): Based in
Kampala Kampala (, ) is the Capital city, capital and largest city of Uganda. The city proper has a population of 1,875,834 (2024) and is divided into the five political divisions of Kampala Central Division, Kampala, Kawempe Division, Kawempe, Makindy ...
. Broadcasts in English, covers a radius of . # Radio Bukedde FM 100.5: Based in Kampala. Broadcasts in
Luganda Ganda or Luganda ( ; ) is a Bantu language spoken in the African Great Lakes region. It is one of the major languages in Uganda and is spoken by more than 5.56 million Ganda people, Baganda and other people principally in central Uganda, includ ...
# 100.2 Fm Radio West : Based in
Mbarara Mbarara City is a city in the Western Region, Uganda, Western Region of Uganda and the second largest city in Uganda after Kampala. The city is divided into 6 boroughs of Kakoba Division, Kamukuzi Division, Nyamitanga Division, Biharwe Division, ...
. The dominant radio station in the Western Region of Uganda. Broadcasts in Runyankole/ Rukiga, Runyoro/ Rutoro and English. # Radio Rupiny FM 95.7: Based in
Gulu Gulu is a city in the Northern Region of Uganda. It is the commercial and administrative centre of Gulu District. The coordinates of the city of Gulu are 2°46'54.0"N 32°17'57.0"E. The city's distance from Kampala, Uganda's capital and large ...
. Broadcasts in Luo # Radio Etop FM 99.4: Based in Soroti. Broadcasts in Ateso # Arua One FM 88.7: Acquired in
Arua Arua is a city and commercial centre within the Arua District in the Northern Region, Uganda, Northern Region of Uganda. Location Arua is approximately north-west of Kampala, the capital and largest city of Uganda, Arua is about , by road, west ...
during 2012. Broadcasts in Lugbara, Swahili and English. # Urban Television: Launched in October 2009. Transmits in English # Bukedde Television (BTV): Launched in October 2009. Transmits in Luganda # West Television (West TV): Operating in the Western parts of Uganda alongside Radio West. transmits in Runyankole/ Rukiga, Runyoro/ Rutoro and English.


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 The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's ...
(USE), under he symbol: NVL. The table below summarizes the ownership structure of the Vision Group, as of 30 June 2016.


See also

*
Nation Media Group Nation Media Group (NMG), formerly known as East African Newspapers (Nation Series) Ltd, is an East African media group based in Kenya and listed on the Nairobi Stock Exchange. It is owned by Aga Khan IV. History NMG was founded in 1959 by A ...
*
Uganda Securities Exchange The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's ...


References


External links


Official website
{{coord, 00, 19, 12, N, 32, 35, 58, E, display=title Mass media companies of Uganda Conglomerate companies of Uganda Companies listed on the Uganda Securities Exchange Companies established in 1986 1986 establishments in Uganda Mass media in Kampala Companies based in Kampala