The delay and postponement of 2020 AGMs means that the final dividend payment may not be paid on time Kampala, Uganda | ISAAC KHISA | Now Uganda’s listed companies have until July.30 to hold their Annual General Meetings and determine their future growth, according to Paul Bwiso, the Uganda Securities …
Read More »USE suspends AGM’s over coronavirus pandemic
Shareholders will now not be able to vote on resolutions such as dividend payments, changes to directorships, approval of accounts within stipulated timeframe Kampala, Uganda | ISAAC KHISA | Uganda’s listed firms had big plans for their annual shareholders meeting (AGM) starting next month, giving opportunities to their owners and …
Read More »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 …
Read More »Behind African Alliance’s move to quit brokerage business
Why brokerage firms must diversify investments to cope with emerging stock market trends Kampala, Uganda | JULIUS BUSINGE | Once upon a time, being a stockbroker was comfortable, genteel and lucrative, according to Andre Cappon, the chief executive officer, CBM Group, a management consultant firm specialising in financial services based …
Read More »USE unveils 2nd Annual University Challenge
Kampala, Uganda | THE INDEPENDENT | Uganda Securities Exchange has unveiled the 2nd Annual USE University Challenge to impart students with knowledge on how to invest in the stock exchange. The competition is a simulation of activities that happen around trading in securities – bonds and stocks – listed on …
Read More »Cipla joins stock market
Company’s IPO was the most efficient with less than 5% of advertising and promotional budget compared to previous offers Kampala, Uganda | JULIUS BUSINGE | Shares of Cipla Quality Chemicals Ltd started trading at the Uganda Securities Exchange on September 17, making it the first drug maker in the region to …
Read More »Now Cipla Quality Chemicals to list on USE
Analysts anticipate some buzz on market that last had listing in 2012 Kampala, Uganda | JULIUS BUSINGE | Uganda’s Securities Exchange market is set to experience some new buzz again as the long awaited drug maker, Cipla Quality Chemical Industries Ltd (CiplaQCIL), makes an Initial Public Offering this month. The company …
Read More »Why companies are not listing on the stock market
In the last three years, seven have applied but none has met the criteria Kampala, Uganda | JULIUS BUSINGE | Listing on a stock market is a big step for any company. From being privately owned, it becomes public. This would imply that the company expands its operations using capital raised …
Read More »Crested Capital named ‘Broker of the year’
Kampala, Uganda | THE INDEPENDENT | At the Uganda Securities Exchange 20th anniversary celebrations that took place in Kampala recently, brokerage firm, Crested Capital was awarded the “Broker of the Year”. This meant it was the overall best broker in 2017 for key performance indicators of turnover, deals and volumes …
Read More »COMMENT: A test for demutualised USE
How it handles conflict of interest will enhance or sink corporate governance in capital markets COMMENT | SILVER KAYONDO | A few weeks ago, the Uganda Stock Exchange (USE) confirmed it had received formal approval from the regulatory body, the Capital Markets Authority (CMA) to operate a demutualised stock exchange. This …
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