Kampala, Uganda | THE INDEPENDENT & URN | At least sh3.6 billion has so far been lost by Ugandan investors in closed-down investment companies, which were declared Ponzi Schemes by the Capital Markets Authority (CMA). CMA issued a warning to the public on 18th September 2023 on potential losses from investing …
Read More »‘Beware of rising fraud in capital markets’
Kampala, Uganda | THE INDEPENDENT | The Capital Markets Authority is intensifying the fight against crime in the capital markets industry, with the Collective Investments Scheme products as the main target. This will also be top on the agenda of the events to mark the World Investor Week 2023 that runs …
Read More »Uganda stock market value hit by Kenya turmoil, rush for Umeme shares
Kampala, Uganda | THE INDEPENDENT | The total value of the companies listed on the Uganda Securities Exchange (USE) dropped by 10.5 percent in the last quarter of this year (April-June) mainly due to the turmoil in Kenya, according to the Capital Markets Authority (CMA). The total market capitalization decreased …
Read More »SMEs tipped to invest more in long term capital
Long-term capital ensures long-life for the business Kampala, Uganda | THE INDEPENDENT | Financial experts have blamed the collapse of many companies over the last one year to the kind of capital that most of them use to run their activities. According to the Capital Markets Authority-CMA, the most common …
Read More »Capital Markets Authority seeks parliament intervention over five companies
Capital Markets Authority has sought the intervention of the finance committee of parliament to compel five major companies to list their shares on the local exchange stock market. The companies are Absa formerly Barclays Bank, Tororo Cement, Apolo Hotel currently Sheraton Hotel, Kakira Sugar and Windsor Lake Victoria Hotel. Keith …
Read More »Stock market regulator to pocket UGX 1Bn from MTN listing
Kampala, Uganda | THE INDEPENDENT | The Capital Markets Authority expects to reap Non Tax Revenue of 1.15 billion Shillings from the listing of telecom giant MTN Uganda on the Uganda Securities Exchange. This was disclosed by the Chief Executive Officer of the authority Keith Kalyegira while appearing before the Finance …
Read More »UMA signs partnership with markets authority on capital financing
Kampala, Uganda | THE INDEPENDENT | The Capital Markets Authority (CMA) and the Uganda Manufacturers Association (UMA) have signed a Memorandum of Understanding to increase access to financing from the capital markets. The MoU will enable Uganda’s manufacturing sector to take advantage of customized training on various options for raising long-term …
Read More »CMA advises business owners affected by COVID-19 to invest in safe assets
Kampala, Uganda | THE INDEPENDENT | The Capital Markets Authority-CMA has called on business owners whose operations have been affected by the COVID-19 pandemic to consider investing in safe assets like government securities and cash investments. The Capital Markets Authority led by its CEO, Keith Kalyegira said this today while …
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