The ** 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.

History

The group was established in 1986, with the flagship publication, the New Vision 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 apologized for publishing a corruption story on Muwenda Mutebi II of Buganda. 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, under the symbol NVL. The address of the Group's headquarters is 19-21 First Street, in the industrial area of Kampala.

Subsidiary companies

The subsidiary companies of the Vision Group include:

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.