New Vision Group
Encyclopedia
The New Vision Group of Companies, commonly known as the New Vision Group, is a multimedia conglomerate
in Uganda
.
, Uganda's capital city. The coordinates of the company headquarters are:00 19 12N, 32 35 58E (Latitude:0.3200; Longitude:32.5995). The group has operations in other parts of the country, including northern, eastern, western and central districts of Uganda.
. The group's holding company is The New Vision Printing & Publishing Company Limited, also referred to as the New 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
, under the symbol NVL.
(USE). The table below summarizes the ownership structure of the New Vision Group.
{| style="font-size:100%;"
|-
| width="100%" align="center" | New Vision Group Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Government of Uganda||53.0
|-
|2||Institutional & Individual Investors||47.0
|-
| ||Total||100.0
|-
|}
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
in Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
.
Location
The Group's headquarters are located on at 2/4 First Street, in the Industrial Area of KampalaKampala
Kampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
, Uganda's capital city. The coordinates of the company headquarters are:00 19 12N, 32 35 58E (Latitude:0.3200; Longitude:32.5995). The group has operations in other parts of the country, including northern, eastern, western and central districts of Uganda.
Overview
The group was established in 1986, with the flagship publication, the New Vision NewspaperNew Vision
New Vision is one of two main national newspapers in Uganda.-History:It was established in its current form in 1986 by the Ugandan Government. New Vision is broadly sympathetic to the government of President Yoweri Museveni. It was founded in 1955 as the Uganda Argus, a British colonial government...
. The group's holding company is The New Vision Printing & Publishing Company Limited, also referred to as the New 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
Uganda Securities Exchange
The Uganda Securities Exchange 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 central bank.The exchange's doors opened to trading in...
, under the symbol NVL.
Subsidiary companies
The subsidiary companies of the New Vision Group include:- New Vision newspaper - Published in EnglishEnglish languageEnglish is a West Germanic language that arose in the Anglo-Saxon kingdoms of England and spread into what was to become south-east Scotland under the influence of the Anglian medieval kingdom of Northumbria...
- Bukedde newspaper - Published in Luganda
- Orumuri newspaper - Published in Runyankole/Rukiga
- Etop newspaper - Published in Ateso
- Rupiny newspaper - Published in LuoAcholi languageAcholi is a language primarily spoken by the Acholi people in the districts of Gulu, Kitgum and Pader, a region known as Acholiland in northern Uganda. Acholi is also spoken in the southern part of the Opari District of South Sudan...
- Premiership magazine - Soccer magazine covering English, African and Ugandan soccer news - Published monthly in English.
- City Beat magazine - Entertainment magazine aimed at the affluent 19 to 35 demographic age group - Published monthly in English
- Bride & Groom magazine - Bridal magazine - Published quarterly in English
- Secondary Schools Directory - Published annually in English
- Vision Printing Limited - Most newspapers in Uganda, Rwanda and Southern Sudan are printed by Vision Printing.
- Vision Voice FM 94.8 - Based in KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
. Broadcasts in English, covers a radius of 100 kilometres (62.1 mi). - Radio Bekedde FM 100.5 - Based in Kampala. Broadcasts in Luganda
- Radio West FM 100.2 - Based in MbararaMbararaMbarara is a town in Western Uganda. It is the main municipal, administrative and commercial center of Mbarara District and the location of the district headquarters. It is also the largest urban centre in Western Uganda.-Location:...
. The dominant radio station in western Uganda. Broadcasts in Runyankole/Rukiga, Runyoro/Rutoro and English. - Radio Rupiny FM 95.7 - Based in GuluGuluGulu is a city in Northern Uganda. It is the commercial and administrative centre of Gulu District. The city is located at 2˚46'48N 32˚18'00E, on the metre gauge railway from Tororo to Pakwach. Gulu is located approximately , by road, north of Kampala, Uganda's capital and largest city...
. Broadcasts in LuoAcholi languageAcholi is a language primarily spoken by the Acholi people in the districts of Gulu, Kitgum and Pader, a region known as Acholiland in northern Uganda. Acholi is also spoken in the southern part of the Opari District of South Sudan... - Radio Etop FM 99.4 - Based in SorotiSorotiSoroti is the main municipal, commercial and administrative centre of Soroti District in Eastern Uganda, lying near Lake Kyoga. It is known for the rock formation near the town as well as a variety of Muslim mosques, Hindu temples, Sikh gurdwaras as well as several churches that meet in various...
. Broadcasts in Ateso - New Vision Television (NVT) - Launched in October 2009. Transmits in English
- Bukedde Television (BTV) - Launched in October 2009. transmits in Luganda
Ownership
The New Vision Group is owned by the Ugandan government (53%) and by institutional and individual investors (47%). The shares of the Group are traded on the Uganda Securities ExchangeUganda Securities Exchange
The Uganda Securities Exchange 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 central bank.The exchange's doors opened to trading in...
(USE). The table below summarizes the ownership structure of the New Vision Group.
{| style="font-size:100%;"
|-
| width="100%" align="center" | New Vision Group Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Government of Uganda||53.0
|-
|2||Institutional & Individual Investors||47.0
|-
| ||Total||100.0
|-
|}
External links
- New Vision
- Bukedde in Luganda
- Etop in Ateso
- Orumuri in Runyakore/Rukiga
- Rupiny in Luo
- Community News New Vision on Lango