Trading at USE The COVID -19 pandemic has disrupted holding of Public listed Companies’ 2020 Annual General Meetings (AGMs) per their respective planned calendars. On 17th April 2020, Uganda Securities Exchange (USE) issued a market notice recommending interalia the deferral of scheduling AGMs which had not yet been called, postponement
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The COVID-19 pandemic has caused uncertainty, leaving investors fleeing Uganda for safer havens. “The COVID-19 pandemic has also caused a lot of panic and uncertainty in global financial markets, with some markets experiencing unprecedented dramatic declines, resulting in a significant loss of wealth. In times of such turbulence and uncertainty,
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Drug maker, Cipla Quality Chemical Industries Limited commonly known as Quality Chemicals, has issued a profit warning, informing shareholders and people who intend to buy its shares that it recorded a loss in the first quarter of 2020 compared to a profit posted over the same period in 2019. In
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Trading taking place at Uganda Securities Exchange (USE) The majority of the world’s wealthiest investors are waiting for stocks to drop further before buying again, on concerns about the pandemic’s impact on the global economy, according to a poll by UBS Global Wealth Management. Among the surveyed investors and business
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Trading on the Nairobi Securities Exchange (NSE) was Friday suspended towards the close of the market as panicky investors made indiscriminate sale of shares. Total market capitalisation dropped by Sh120 billion – one of the largest declines in a single day in the history of the bourse. The value of
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President Uhuru Kenyatta on Monday rang the bell to kick off the trading of Kenya’s first green bond at the London Stock Exchange (LSE). Speaking during the launch, the President urged UK investors to use Kenya as a gateway to investing into Africa and a bridge to the emerging market
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Equity Group Holdings (EGH)’s plans to acquire banking assets of Atlas Mara in four African hangs in balance after binding transaction agreements between the two parties expired. On 29 April 2019, EGH announced that it had entered into a binding term sheet (the Binding Term Sheet) pursuant to which EGH
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dfcu Limited (‘dfcu”) has informed its shareholders and the public that CDC Group PLC, a Development Finance Institution owned by the British Government, headquartered in London has sold all the 74,580,276 shares it held in dfcu to the Investment Fund for Developing Countries (“IFU”), a Development Finance Institution owned by
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Dfcu limited has revealed that one of its significant minority shareholders will exit the company. In a customary statement dated 13th December 2019, dfcu informs shareholders and the general public thus: “dfcu Limited (“the Company”) advises its shareholders and the general public that a significant minority shareholder has received and
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Cipla Quality Chemical Industries Limited (CiplaQCIL), a pharmaceutical manufacturing company in Uganda has issued a profit warning informing shareholders that the company is likely to record losses this year. A profit warning is a warning declaration issued by a listed company to investors through a stock exchange. It warns investors that
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