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Tag Archives: CMA

Boosting investor confidence

Regulators are increasingly seeking risk-based oversight in the market to deal with changes in technology, consumer needs Kampala, Uganda | THE INDEPENDENT | What is the best way to support businesses to survive during and after a tough economic environment? This is the big question that most people in investment circles …

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Financial industry regulation bodies push for harmony

Kampala, Uganda | THE INDEPENDENT | Statutory authorities involved in the financial sector regulation have admitted that some of the business cooperators find it a burden to comply with the requirements of the different regulators. With new businesses coming up, including cryptocurrency trade, collective investment schemes and use of trading agencies, as …

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Mabirizi raises 94 grounds in the MTN IPO appeal

Kampala, Uganda | THE INDEPENDENT | Jailed lawyer Male Mabirizi has raised 94 grounds in an appeal challenging the dismissal of his case opposing the listing of MTN Uganda on the Uganda Securities Exchange. The appeal arises from an application in which Mabirizi challenged the decision by the Capital Markets Authority-CMA …

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Collective investment scheme assets cross Shs1tn

This is good news but finance minister Matia Kasaija wants more Ugandans to save | THE INDEPENDENT | There is good news from the Capital Markets Authority (CMA) of a big milestone amounting to slightly over Shs1.1trillion attained as Assets Under Management by licensed Collective Investment Scheme (CIS) managers, representing …

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Uganda to waive taxes on foreign venture funds

Kampala, Uganda | THE INDEPENDENT | At least 930 billion Shillings is available for possible lending as cheap long-term capital for small and medium enterprises from the Collective Investment Schemes, CIS, according to the Capital Market Authority. This is the value of the assets under management, which have grown from just …

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ICPAU to hold 11 th edition of financial reporting awards

Kampala, Uganda | Julius Businge | The Institute of Certified Public Accountants of Uganda is teaming up with the Capital Markets Authority, the Uganda Securities Exchange and the Vision Group to hold the 11th edition of the Financial Reporting (FiRe) Awards, executives said on June 15 at a virtual press conference. …

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Financial sector leaders call for strong market rules

Kampala, Uganda | THE INDEPENDENT | The financial sector leaders have chosen to strengthen regulation to grow the stock market as opposed to relaxing rules to attract companies to listing shares. They say strong regulation of the sector gives confidence to serious investors that their investments will be safe while relaxing …

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BATU marks 20 years on stock market

British American Tobacco Uganda, perhaps the country’s popular cigarette company on Sept.10, celebrated its 20th anniversary of its trading on the Uganda Securities Exchange. Kampala, Uganda | JULIUS BUSINGE | But the company has been in operation in the country for more than 90 years. Its share price has since …

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