The Uganda Securities Exchange (USE) has suspended the trading of Kenya Airways shares due to the ongoing ownership restructuring. Paul Bwiso, the Chief Executive Officer at USE says Kenya Airways PLC is currently undergoing equity and debt restructuring and to facilitate the conclusion of the transaction without disrupting the price
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The Uganda Shilling strengthened and registered substantial gains in the week ending 10th November 2017 in what was seen as market correction after overshooting through key support levels due to sentiment related to political uncertainty in the region. Trading was in the range of 3610/3620. In the money markets, there
Read MoreThe Uganda shilling was volatile in the early part of the week ending 3rd November 2017, but later stabilized as corporate and interbank demand fizzled out. Trading was in the range of 3650/3660. A week earlier, the Uganda shilling drifted in narrow range after hitting a near two year low as
Read MoreThe Uganda shilling drifted in narrow range after hitting a near two year low as a result of the Central Bank intervention that was triggered by demand pressures during the week ending 27th October 2017. Trading was in the range of 3655/3665 during. Market players remained square to long, taking a
Read MoreIran's leading automobile manufacturer Saipa Group is eyeing the Ugandan market as an entry point into a much bigger eastern, central and southern African market. Speaking at the Uganda-Iran Economic Forum in Kampala, Saipa's Vice President for International Affairs and Export, Mohsen Dastkhosh Javan, said they are keen on entering
Read MoreAfter months of stability, the Uganda Shilling continues to lose ground. During the week ending 20th October 2017, trading was in the range of 3645/3655. In the early part of the week, the Shilling was under immense pressure on account of strong demand from the interbank ,as commercial banks rushed
Read MoreNairobi Securities Exchange (NSE) investors yesterday lost KSh11.44 billion (over UShs388bn) as the cloud of political uncertainty that has persisted since the September 1 nullification of the presidential election intensified with news that electoral agency commissioner Roselyn Akombe had resigned and fled the country, reports the Daily Nation. Dr Akombe’s decision
Read MoreThe Uganda Shilling weakened and breached the key resistance level and traded above the 3600 during the week ending 13th October 2017, driven by the surge in demand from importers and inter-bank. After months of stability, trading was in the range of 3620/3630. In inter-bank money market, overnight funds traded
Read MoreThe Uganda shilling was relatively stable following the Central Bank slight reduction of the policy rate from 10% to 9.5% during the week ending 6th October 2017. Market demand and supply dynamics were at par, with some players seen building positions ahead of a short trading week of independence holiday.
Read MoreUganda Securities Exchange Becomes A Company Limited By Shares, Eyes Listing
The Uganda Securities Exchange (USE) has received a formal approval from the Capital Markets Authority (CMA) to operate a demutualised stock exchange. This means that USE will become a company limited by shares with a change in its governance and managerial structure. Previously, USE has been a mutual company limited
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