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Tag Archives: stock market

Kenya Elections: Gain for Uganda stock market

Kampala, Uganda | THE INDEPENDENT | The lengthy vote counting process in Kenya is making the whole election period longer than it has been expected and hoped before, and this is influencing the activities in the financial markets. The business community in the region as a whole has been waiting …

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USE, MTN Mobile Money partners to digitalise SCD account opening

Kampala, Uganda | THE INDEPENDENT | Uganda Securities Exchange’s (USE) Securities Depository USE SCD in partnership with the MTN Mobile Money has unveiled a digital Securities Central Depository (SCD) account opening platform to further democratize Uganda’s stock market. USE CEO Paul Bwiso said the new digital SCD account opening platform will …

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NSSF confident of performance of its investments

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has no plans to review its investment structure even when there are some companies whose shares are not doing well on the stock market. Some stocks across East Africa’s stock market have lost value since their initial public offer and …

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Financial sector leaders call for strong market rules

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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EU’s massive recovery package boosts European stock market

Brussels, Belgium | XINHUA | The European Union’s (EU) landmark economic recovery package has largely underpinned the region’s stock market with major shares closing above four-month highs on Tuesday, lifting investor sentiment across the continent amid the ravaging COVID-19 pandemic. After five days of intense marathon negotiations, the 27-member bloc …

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Bad start for Uganda’s stock market

Executives hope that the future is bright as listed entities post profits Kampala, Uganda | JULIUS BUSINGE | Companies trading on the Uganda Securities Exchange have opened the New Year with poor performance. Umeme, Quality Chemical Industries Limited (CQCIL) shares have fallen below the Initial Public Offering (IPO) price. This …

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Stock market boost

More accounts opened as players suggest ways of boosting market activity Kampala, Uganda | JULIUS BUSINGE | There is good news at the Uganda Securities Exchange. The latest market report shows that the number of depository accounts being opened is on the upward trend, signaling a growing interest by the …

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