Kampala, Uganda | THE INDEPENDENT | The Capital Markets Authority (CMA) and Uganda Securities Exchange (USE) report continued growth of the stock market in Uganda, with the sector recovering from the lagging effects of the COVID-19 period. This has also come with an increase in the return on investments of …
Read More »Kasaija wants youth to stay away from sports betting
Kampala, Uganda | THE INDEPENDENT | Financial market regulators are challenged to discourage young Ugandans from sports betting and ponzi schemes and invest in safer regulated businesses. This is aimed at, not only protecting them and their money, but also enable the country improve the savings levels and contribute to …
Read More »World Investor Week 2024 focuses on financial inclusion and technology
Kampala, Uganda | THE INDEPENDENT | From October 24 – 25, the World Investor Week 2024 was celebrated across Uganda with significant initiatives led by the Capital Markets Authority (CMA) and the Uganda Securities Exchange (USE). This year’s celebration, part of a global effort by the International Organization of …
Read More »Capital Markets Authority seeks greater powers over mushrooming ponzis
Kampala, Uganda | THE INDEPENDENT & URN | At least sh3.6 billion has so far been lost by Ugandan investors in closed-down investment companies, which were declared Ponzi Schemes by the Capital Markets Authority (CMA). CMA issued a warning to the public on 18th September 2023 on potential losses from investing …
Read More »CMA empowers investors during 7th World Investor Week
Investors need to undertake research, invest with licensed and regulated firms and regularly monitor their investments Kampala, Uganda | JULIUS BUSINGE | Uganda’s Capital Markets Authority (CMA) seized the opportunity presented by the 7th World Investor Week, running from October 2 to 8, to educate investors on prudent investment management and …
Read More »‘Beware of rising fraud in capital markets’
Kampala, Uganda | THE INDEPENDENT | The Capital Markets Authority is intensifying the fight against crime in the capital markets industry, with the Collective Investments Scheme products as the main target. This will also be top on the agenda of the events to mark the World Investor Week 2023 that runs …
Read More »What next for cryptocurrency bill after government declines to give it a green light
Kampala, Uganda | THE INDEPENDENT | Nathan Igeme Nabeta, the Jinja East Municipality Member of Parliament has asked the Speaker of Parliament to apply the rules of the House allowing debate of the Capital Markets Authority Amendment Bill without a certificate of financial implications. The government, through the Ministry of …
Read More »Uganda stock market value hit by Kenya turmoil, rush for Umeme shares
Kampala, Uganda | THE INDEPENDENT | The total value of the companies listed on the Uganda Securities Exchange (USE) dropped by 10.5 percent in the last quarter of this year (April-June) mainly due to the turmoil in Kenya, according to the Capital Markets Authority (CMA). The total market capitalization decreased …
Read More »Bank of Baroda to raise capital worth Shs 125bn
Some lenders have either voluntarily exited the market or offered themselves for acquisitions to meet the new capital requirements Kampala, Uganda | THE INDEPENDENT | Bank of Baroda has got the nod from the Capital Markets Authority to go ahead with the bonus issue to raise capital to meet the new …
Read More »Boosting investor confidence
Regulators are increasingly seeking risk-based oversight in the market to deal with changes in technology, consumer needs Kampala, Uganda | THE INDEPENDENT | What is the best way to support businesses to survive during and after a tough economic environment? This is the big question that most people in investment circles …
Read More »