Kampala, Uganda | THE INDEPENDENT | Uganda Securities Exchange (“the Exchange”/ “USE”) Uganda’s principal stock Exchange, on Monday announced the admission of Chipper Technologies Uganda Limited (“Chipper”) as a new Trading Participant / stockbroker on its market and as a USE Securities Central Depository Agent (SCDA). As a trading participant, Chipper’s …
Read More »Mabirizi raises 94 grounds in the MTN IPO appeal
Kampala, Uganda | THE INDEPENDENT | Jailed lawyer Male Mabirizi has raised 94 grounds in an appeal challenging the dismissal of his case opposing the listing of MTN Uganda on the Uganda Securities Exchange. The appeal arises from an application in which Mabirizi challenged the decision by the Capital Markets Authority-CMA …
Read More »MTN to pay dividends despite poor show of stock market and global inflation
Kampala, Uganda | THE INDEPENDENT | MTN Uganda shareholders are due to get their first dividends since the company listed on the Uganda Securities Exchange, with the register for those eligible closing June1. The shareholders will have their dividends paid on June 24, with each share earning the holder 4.706 shillings, …
Read More »Consultant to determine policy on fees payment in government funded schools
Kampala, Uganda | THE INDEPENDENT | The Ministry of Education and Sports has hired a consultant to carry out a study on whether parents whose children attend government-funded schools should pay school fees or not. This move is geared towards addressing the ever-increasing school fees that parents are made to …
Read More »New set of learners threaten to overwhelm Govt schools
Luwero, Uganda | THE INDEPENDENT | Several government schools in the Luwero district are constrained due to overwhelming numbers of learners who returned following the lifting of the COVID 19 lockdown. Learners resumed studies on January 10th, 2022 after 22 months of closure due to the COVID-19 pandemic. However, several …
Read More »Head teachers ask gov’t not to abolish PTA fees
Kampala, Uganda | THE INDEPENDENT | Universal Primary and Secondary Education Schools have asked the government not to abolish the PTA fees paid by learners. On Monday, the Minister in charge of ICT and National Guidance, Dr. Chris Baryomunsi, said that the Cabinet had resolved that all Universal Primary (UPE) and Secondary …
Read More »Gov’t wants charges in UPE, USE schools abolished
Kampala, Uganda | THE INDEPENDENT | The Cabinet is proposing free and compulsory primary and secondary education when schools reopen early next year. The cabinet on Monday agreed that all forms of charges that have been collected from learners in Universal Primary Education-UPE and Universal Secondary Education-USE schools should be abolished. Dr. …
Read More »Stock market boost as MTN listing takes shape
Uganda Securities Exchange CEO says number of investors could triple Kampala, Uganda | JULIUS BUSINGE | Executives at the Uganda Securities Exchange are optimistic about increased activity and shareholder numbers at the bourse as MTN Uganda’s listing takes shape. Paul Bwiso, chief executive officer said on the sidelines of the …
Read More »Behind MTN share offer
Assessing the opportunity and the risk Kampala, Uganda | ISAAC KHISA | Commenting on the move by Uganda’s largest telecom company, MTN, to list on the country’s stock exchange, Stephen Kaboyo, the managing director at Alpha Capital Partners, sees opportunity. “In my own prediction, MTN stock will be a good …
Read More »MTN to float 20% of its shares on the Uganda SE
This will potentially be the largest IPO on the Ugandan market and will be delivered primarily through a digital paperless/ green platform which is the first of its kind in East Africa Kampala, Uganda | THE INDEPENDENT | MTN Uganda has today announced intentions to float 20% of their shares …
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