Tag Archives: MBEA

By Patrick Kagenda Capital market rues over Uganda’s oldest brokerage firm In January this year the Merchant Bank of East Africa(MBEA), Uganda’s oldest stockbrokerage firm, was handling the issuing of the National Insurance Corporation Initial Public Offering. Their office on Plot 44 Lumumba Avenue in the plush Nakasero neighborhood was …

By Patrick Kagenda No official numbers yet but word on the street is that National Insurance Corporation’s Shs 7 billion Initiation Public Offer (IPO) was over-subscribed. “This IPO went very well under the circumstances of a small amount of shares issued. When you have an issue this small worth only …