Some 13 largely family-owned firms are seeking to sell shares to the public, the Nairobi Securities Exchange (NSE) said on Monday, offering hope of ending a prolonged listing drought, the Daily Nation reports. The small- and medium-sized firms will be taken through a 10-month programme, which will see them access
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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,
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The Bank of Uganda (BoU) on Monday announced that the method of pricing treasury bills and bonds in the primary auctions will change to one of a single price from the current multiple prices with effect from July 2, 2018. In the single price method, the respective securities in the
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Stanbic Bank Uganda Ltd has been awarded the best performing bank in Uganda government securities for the Year 2017. And this makes Stanbic bank the winner for the sixth consecutive year. Speaking at the Annual Award Event for the Best Performing Commercial Bank of the Year in Government Securities held
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The name is enough to spread mayhem among South African traders. And all Viceroy Research is willing to disclose is that they’re three people working out of New York to protect investors. Stocks including Africa’s largest generics drugmaker and biggest real estate investment trusts were sent reeling this week on speculation
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A share surge at Country Garden Holdings Co., China’s largest developer by sales, has sent Vice Chairman Yang Huiyan’s wealth up by $2.1 billion (UShs6.7 trillion) -- and that’s just in the first four trading days of the year, Bloomberg reports. Yang, controlling shareholder of Country Garden, saw her fortune
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African telecommunications group Econet is considering selling shares on the London Stock Exchange at a valuation of about $8 billion (UShs29.1 Trillion) next year after combining new and existing assets, according to people familiar with the matter, reports Bloomberg. That valuation would be based on an enlarged company, partly forged through
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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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Nairobi 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
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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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