Kampala, Uganda | THE INDEPENDENT | On Feb.22, in a notice, Emmanuel Katongole, the Chairman and Co-Founder Quality Chemical Industries Limited announced the changes saying the announcement is made pursuant to Rule 36(2) of the Uganda Securities Exchange Listing Rules 2021. “Quality Chemical Industries Limited wishes to notify its shareholders and …
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Kampala, Uganda | THE INDEPENDENT | The government is to pay Shs2.5 trillion to the Bank of Uganda (BoU) in matured securities after its repayment was disrupted by the advent of COVID-19. The money is a domestic loan acquired by the government through the Bank of Uganda as an intermediary for individuals …
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Nairobi, Kenya | Xinhua | Affected by foreign investors’ flight in the wake of rate hikes in the United States, the Nairobi Securities Exchange has returned to lows last seen at the peak of the COVID-19 pandemic in 2020, reported the Kenya-based newspaper Business Daily. The U.S. Federal Reserve benchmark …
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Nairobi, Kenya | Xinhua | African countries have delayed the cross-border trading in listed securities from October to December, Geoffrey Odundo, chief executive officer (CEO) of the Nairobi Securities Exchange (NSE), said on Tuesday. The African Development Bank (AfDB) will provide support to link ten African stock exchanges through a digital …
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Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Holdings Limited has suspended trading on the Kampala based Uganda Securities Exchange until further notice. In a notice signed by Paul Bwiso, the USE chief executive officer, circulated on April 01, said that the institution is undergoing reorganization through the formation …
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New York, United States | AFP | Billionaire investor Warren Buffett has taken stakes in three large US airlines, in a $1.3 billion bet that marks a sharp U-turn of his antagonistic views on the sector. Buffett’s Berkshire Hathaway Inc. invested $797 million in American Airlines, $249 million in Delta …
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By Patrick Kagenda The Uganda Securities Exchange last week launched the Securities Central Depository System (SCD) that will pave the way to electronic trading. The software to run the system that will link the USE to the Dar es Salaam Stock Exchange and the Nairobi Stock Exchange was provided by …
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