Vision Group holds first virtual AGM

Nov 26, 2020

Kabushenga explained that the effects of COVID-19 and the measures to manage it severely disrupted the business operations of the company and those of the business partners.

NEWS  | VISION GROUP  | AGM


Vision Group has today held it's 19th Annual General meeting.

Due to the COVID-19 guidelines in place, the company held its first ever virtual Annual Members Meeting with only 15 people physically present at the venue and the rest  attending online.

In a notice to members, the group had earlier asked members to register for the online event. 

It was the first ever virtual AGM. Photos by Maria Wamala


"The COVID-19 pandemic has introduced to us a new reality and a new way of doing things. The first ever virtual AGM is just one of the innovations that Vision Group has embraced to reflect this new normal," the group CEO and MD, Robert Kabushenga, explained.

Finance minister Matia Kasaija with CEO Robert Kabushenga before the AGM


 The AGM, which was also streamed live on Vision Group's various social platforms, had 15 individuals physically present and about 77% of the shareholders registered for online attendance.

Patrick Ayota, the Board Chairperson, declared the meeting open after the confirmation of quorum.


The online audience was able to participate in proceedings both by asking questions, sharing ideas and voting on various resolutions.

The issues voted on included adopting a divident of sh18 per share and two new board directors, among others.




The board chairman, Patrick Ayota, announced that under the direction of the Board of directors, the Company began implementing a new strategic plan. "The plan was approved by the Board in October 2019 following extensive consultations with management," he said.

Ayota also explained that as part of the new strategy, the Board approved a revised Company Vision, Mission and Value to guide the operations of the Company and relationships with various stakeholders.




In explaining how tough a year FY2019/20 was, Kabushenga explained that the effects of COVID-19 and the measures to manage it severely disrupted the business operations of the company and those of the business partners.

"In April alone, we registered a loss of sh1.9bn. In spite of that, we managed to return a profit. This was because of the decisions we made to keep the company," he said. 







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