By Hassan Kitenda In Uganda, there is little attention that is given to the role played by capital markets and their effect on economic growth. Dominant capital markets enable nations from across the world to grow in terms of the economy by assisting them generate the much needed financial resources and
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The newly upgraded Gulu substation. Umeme has invested massively in infrastructure The Board of Directors of Umeme Limited have issued a profit warning, informing the shareholders of the Company, prospective investors, and the general public that based on the assessment of the Company’s performance for the year ending 31st December 2020, it
Read MorePresident Yoweri Museveni inspecting products made by women entrepreneurs. SMEs like these require long term sources of finance. Courtesy photo Financial experts have blamed the collapse of many companies over the last one year, to the kind of capital that most of them use to run their activities.According to the
Read MoreCMA boss Keith Kalyegira The Capital Markets Authority (CMA) expects to reap Non Tax Revenue of 1.15 billion Shillings from the listing of telecom giant MTN Uganda on the Uganda Securities Exchange, URN reports. This was disclosed by the Chief Executive Officer of the authority Keith Kalyegira while appearing before
Read MoreCMA boss Keith Kalyegira (R) exchange documents with UMA’s Daniel Birungi after signing the MoU The Capital Markets Authority (CMA) and the Uganda Manufacturers Association (UMA) have signed a Memorandum of Understanding (MoU) that will enable Uganda’s manufacturing sector to take advantage of customized training on the various options for raising
Read MoreBAT Uganda Friday announced its full year results for the year ended 31 December 2020; posting gross revenue of Ushs 162 billion, profit before tax of Ushs 29 billion and contributions to Government tax revenue of Ushs 91 billion. BAT’s profit after tax increased to UShs19.9bn in 2020 from UShs15.68bn in
Read MoreRobert Kabushenga, the outgoing Vision Group Managing Director/CEO The Board of Directors of New Vision Printing and Publishing Company Limited has announced to Shareholders, Potential Investors, and the General Public that based on the preliminary assessment of the Company’s performance, the results of the Company’s earnings for the Half Year
Read MoreStart Up Financing: Should It Be Debt Or Equity Financing?
By Hassan Kitenda,CAIA Starting your own business can be a direful but gratifying process. While designing a great business plan is critical for founders, financing is one of the most important elements a company needs to succeed. Financing is needed to start a business and ramp it up to profitability.
Read MoreMumba Kalifungwa, Managing Director, Absa Bank Uganda Absa Bank Uganda has been recognised by the Central Bank as the Best Performing Bank in Uganda Government Securities for December 2020. The award was established by the Central Bank recognising financial institutions for their successful participation in the trading of government securities,
Read MoreThe home unit opened 2021 in a downward spiral, undermined by a surge in demand from major market players taking positions ahead of the national elections. The shilling inched down to trade in the range of 3675/85 during the week ending January 8, 2021.In the regional markets, the Kenya shilling slightly
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