Tag Archives: shares

Kampala, Uganda | THE INDEPENDENT | Telecom firm, MTN Uganda, is selling more than 1.5 billion ordinary shares, originally unsold during the initial public offering (IPO), to the public at the current market price of UGX 170 per share. Each investor must purchase a minimum of 1,400 shares. This secondary offer, …

Kampala, Uganda | THE INDEPENDENT | The global multi-energy company, TotalEnergies is to offer shares to its current and former employees in 94 countries. The French Company whose subsidiary is developing the Tilenga project in the Albertine and the East African Crude Oil Pipeline said over fifty-two thousand employees (52,602) in …

Kampala, Uganda | THE INDEPENDENT | Parliament has approved the proposed government purchase of 150,000 preference shares in Roko Construction Limited worth 202 billion Shillings amidst protest from a section of MPs. On Thursday, the Deputy Speaker of Parliament Thomas Tayebwa told MPs that he had received communication from the Executive that …

Kampala, Uganda | THE INDEPENDENT | The Uganda Securities Exchange (USE) has halted trading of shares of New Vision Printing and Publishing Company Limited, a company whose majority shareholder is the government of Uganda. In a letter signed by the Uganda Securities Exchange Chief Executive Officer Paul Bwiso, the suspension …

Kampala, Uganda | THE INDEPENDENT | Uganda’s stock market saw a big leap in growth in 2021, thanks to the listing of MTN Uganda, after more than three years of near-stagnation with limited shares activity. Over the year, the total value of the stocks of the locally listed companies, or …

MTN raises share-buy limit to Ushs20m a day, talks of good Rresponse to IPO Kampala, Uganda | THE INDEPENDENT |  Telecom company, MTN has made a last-minute ditch to attract as many applications for the company’s shares as possible, with the closure of the Initial Public Offer, IPO, coming to …

Kampala, Uganda | THE INDEPENDENT | The opening of the sale of shares of MTN Uganda to the public has caused a stir among Ugandans, especially on the possible risks and what some have assumed as the exclusion of the mobile money business from the deal. As a requirement by the …

Stanbic continues to support clients as the economy recovers Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda (SBU) has paid out a total of Sh110 billion to its shareholders for financial year 2019, continuing a long track record of returning consistently positive earnings despite prevailing challenges. At the peak of …

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 …

Kampala, Uganda | THE INDEPENDENT | The government has regained full ownership of Uganda Airlines Company Limited, Works and Transport Minister, Monica Ntege Azuba assured parliament today. Azuba was responding during the plenary session chaired by Deputy Speaker Jacob Oulanyah following a report by the Budget Committee and a minority report …