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Ciplaquality Chemical Industries Goes Public, Floats 600m Shares To Ugandans

Cipla Quality Chemical Industries Limited (CiplaQCIL),  a pharmaceutical manufacturing company in Uganda has announced its Initial Public Offer (IPO) by floating a total of 657,179,319 shares on to the Uganda Securities Exchange (USE).   The total shares floated represent 18% of all the shares owned by the company. Cipla Ltd, the Indian

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Kenya Gets First Locally Licensed Online Foreign Exchange Trading Platform

By Reuters EGM Securities has launched Kenya’s first locally regulated foreign exchange electronic trading platform, opening up domestic forex trading to a broader range of investors, EGM’s chief executive said on Wednesday.   Kenyan investors who wished to trade currencies on the Internet have previously had access to international brokers, but none was

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More Trouble As Outlook For Shilling Indicates Sustained Weakening

The Uganda Shilling continued on its losing streak against the dollar undermined by the surging dollar demand amidst low forex flows during the week ending 14th June 2018. Bank of Uganda intervention in the previous week provided a short period of relief.   Trading closed the week at 3,844.04/3,854.04. In the interbank money market, overnight

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