Some of the shine seems to be coming off the Nigeria-based e-commerce firm Jumia. The New York Stock Exchange (NYSE) started selling shares in the company to great fanfare last month. On Thursday, their price plunged 18%. This was after an investor report, by Citron Research, questioned whether the company
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Government of Uganda borrows funds from the public. Bank of Uganda (BoU) is an Agent of Government to collect money (since 1969). The public/lenders place funds with government through their Central Securities Depository (CSD) accounts opened at BOU. The following are the instruments auctioned and used for fiscal purposes (prior
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African Alliance Uganda Ltd has exited Uganda’s stock market after 15 years of offering brokerage services. The company is licensed by Capital Markets Authority (CMA) as a Stock Broker and Investment Advisor. However, at the end of this month, the company will cease to operate its stock brokerage business arm
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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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