Uganda’s assets managed under CIS expanded significantly as at the end of December 2024, the latest quarterly Bulletin by the Capital Markets Authority (CMA) indicates. The AUM exceeded the equivalent of US$ 1 billion for the first time, marking a milestone in Uganda’s journey to mobilize savings through CIS. The
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By Denis Jjuuko Many people in countries like Uganda have no pension or any form of retirement savings. Like we saw during the pandemic, most people are a missed payment away from poverty. It probably explains why some people especially in public service are said to be swearing affidavits to
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Grace Semakula(left), the Chief Executive of SBG Securities, Francis Karuhanga (2nd right) , the Chief Executive of Stanbic Uganda Holdings Limited, and Aggie Konde (right), the Board Chairperson of SBG Securities. In a move poised to transform Uganda's investment landscape, SBG Securities, a subsidiary of Stanbic Uganda Holdings Limited, has
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Coffee prices Wednesday extended Tuesday's sharp rally and posted 3-week highs. Coffee prices moved sharply higher this week on concerns that excessive dryness in Brazil and Vietnam will damage coffee crops and curb global production. Somar Meteorologia reported Monday that Brazil's Minas Gerais region received no rainfall or 0% of
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By Kenneth Egesa Seeking a safe and reliable way to grow your savings while supporting the Ugandan economy? Look no further than Treasury bills and bonds, issued by Bank of Uganda (BoU) on behalf of government. Treasury bills, or T-bills, are short-term government instruments with maturities of less than one
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Billionaire investor Baloobhai Patel Top Kenyan investors in MTN Uganda earned KSh44.7 million (Ush1.22 billion) in dividends in the financial year ended December 2023, when the telco reported a 21.4 percent profit jump to KSh18 billion (Ush493 billion) in the period. For the 2023 financial year, MTN Uganda is paying
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Mauritian based investment company, Africa Capitalworks SSA 3, has completed the acquisition of 51.18% stake in CIPLA Quality Chemical Industries Limited. Africa Capitalworks SSA 3 (ACW SSA 3) acquired 1,864,299,646 and 4,871,038 Ordinary Shares of Cipla Quality Chemical Industries Limited (QCIL) from Meditab Holdings Limited and Cipla (EU) Limited, respectively, collectively comprising
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Kenya’s planned agricultural produce exchange is scheduled to go live in February next year, the Trade and Investment Ministry said in a disclosure. The ministry said the Kenya National Multi Commodities Exchange (Komex) is scheduled to commence mock trading on January 29, 2024 and go live on February 26, 2024.
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Uganda Clays Limited has issued a profit warning, revealing that it made a loss for the half-year January – June 2023, according to the Company’s unaudited financial statements. “The loss position is mainly due to a shortage of products that was occasioned by machinery breakdowns. This was exacerbated by the unfavorable
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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 Finance, Planning and Economic Development has
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