COMMENT | KEITH KALYEGIRA | Collective investment schemes (CIS) have in recent days been in the news for the right reasons. Savings to the tune of Ugx 1.8 trillion have been mobilized from Ugandan savers for investment purposes over the past five years, representing an annual growth rate of 79%. …
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Kampala, Uganda | THE INDEPENDENT | At least 930 billion Shillings is available for possible lending as cheap long-term capital for small and medium enterprises from the Collective Investment Schemes, CIS, according to the Capital Market Authority. This is the value of the assets under management, which have grown from just …
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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 …
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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 …
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Kampala, Uganda | THE INDEPENDENT | The financial sector leaders have chosen to strengthen regulation to grow the stock market as opposed to relaxing rules to attract companies to listing shares. They say strong regulation of the sector gives confidence to serious investors that their investments will be safe while relaxing …
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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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Kampala, Uganda | THE INDEPENDENT | Companies are not accessing long term financing due to failure to disclose details of their operations to the investors as a basis for giving them money. Uganda Securities Exchange (USE), Executive Director Paul Bwiso, said there is money out there but investors want to …
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