Yona Kanyomozi Veteran politician Yona Kanyomozi has died. Kanyomozi died on Sunday at Nakasero Hospital. Jimmy Akena, the Uganda People's Congress (UPC) President, confirmed Kanyomozi’s death to Uganda Radio Network (URN) saying that more details will be availed. Kanyomozi, 82 has previously served in different capacities as Minister, Member of
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The lengthy vote counting process in Kenya is making the whole election period longer than it has been expected and hoped before, and this is influencing the activities in the financial markets. The business community in the region as a whole has been waiting for the end to the
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The Kenyan shilling has for the first time crossed the Sh119 mark against the dollar. The Kenyan shilling has for the first time crossed the Sh119 mark against the dollar, triggering costly imports and higher international debt repayments ahead of Tuesday’s general elections. Central bank of Kenya (CBK)
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The Uganda shilling continues to depreciate against the US dollar as both local and external factors exert pressure on the local and other emerging currency markets. For more than a week, the shilling has just stayed short of touching the 3,900 level against the dollar, amidst sustained intervention into
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Trading taking place at the bourse/ Courtesy photo Uganda Securities Exchange (USE/ “The Exchange”) has spoken out on the allegations of a data breach from its servers; specifically allegations of the leakage of personal data from the USE Easy Portal. In a statement dated June15, 2022, USE says based on a
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The Deputy Speaker (R) and MPs Keefa Kiwanuka (3rd, R) and Nathan Igeme Nabeta (2nd, R) with the promoters of Zaabu Deputy Speaker Thomas Tayebwa has interested Ugandans into investing in the stock markets, saying that this will facilitate the money multiplier effect while avoiding business losses. “There are
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Officials from CMA and ODPP in a group photo. The MOU aims to improve the efficiency of prosecution of capital markets related crimes as economic crimes in general hit 10,966 in 2021 The Capital Markets Authority (CMA) and the Office of the Director of Public Prosecutions (ODPP) have today signed
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The CMA says the licensed broker is Chipper Technologies Uganda Ltd The Capital Markets Authority (CMA) has said Chipper Cash International Ltd is not licensed or approved by the Authority as a stock broker contrary to some media reports. The CMA says it’s Chipper Technologies Uganda Ltd that was licensed
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Russian President Putin The significant escalation of the Ukraine-Russia conflict rattled equity markets and led to an increase in global oil prices, which likely had some risk premium already embedded. West Texas Intermediate and Brent crude oil prices both increased and are trading near, or above, $100 per barrel. The
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Don Wanyama, the Vision Group Chief Executive Officer Vision Group, Uganda’s largest media conglomerate, announced yesterday, that it had made UGX396.5 million in half-year profits, for the 6 months to December 2021. This is a 129% recovery from a loss of UGX1.37 billion registered in the same period in 2020. Although
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