The Capital Markets Authority (CMA) has barred listed firms with negative equity from rolling out share buybacks, locking out cash-strapped companies from the process largely applied to correct perceived undervaluation of stock. The regulator has ruled that directors of the companies which intend to repurchase stock from the market should ensure “assets … are equal […]
Tag: XNAI_NMG
CMA bars ailing companies from share buybacks
The Capital Markets Authority (CMA) has barred listed firms with negative equity from rolling out share buybacks, locking out cash-strapped companies from the process largely applied to correct perceived undervaluation of stock. The regulator has ruled that directors of the companies which intend to repurchase stock from the market should ensure “assets … are equal […]
Rwanda: Performance of Rwanda Media Development Indicator Drops
The Rwanda Media Barometer (RMB) 2021 has indicated that the media development and professional capacity indicator scored 62.4 per cent, the least performance compared to other indicators it considered. This media development and professional capacity performance implies a 10 per cent drop compared to the previous RMB which was published in 2018 in which it […]
NMG-U to unveil new monitor website
By our reporter Nation media Group- NMG Uganda will tomorrow launch a new and refreshed website for its flagship title, the Daily Monitor newspaper as the first of the many steps in the company’s digital transformation journey. The website which will go live at midnight tonight will incorporate content types from across the group’s media […]
NMG-U to unveil new monitor website
By our reporter Nation media Group- NMG Uganda will tomorrow launch a new and refreshed website for its flagship title, the Daily Monitor newspaper as the first of the many steps in the company’s digital transformation journey. The website which will go live at midnight tonight will incorporate content types from across the group’s media […]
Kigali keeps repo bank rate unchanged
Rwanda’s central bank has retained the key central bank repo rate unchanged, at 4.5 percent, to further support lending to the economy.. PHOTO | FILE | NATION MEDIA GROUP Rwanda expects a strong economic rebound this year after suffering a contraction that led to the first recession in over two decades, blamed on the pandemic. […]
Kenya: Capital Markets Authority caps firms shares buyback price at 10pc
The capital markets regulator has capped the price of shares listed firms propose to buy back from market at 10 percent above the weighted value for the month preceding the resolution. The Capital Markets Authority (CMA) has set maximum and minimum share buyback price in new guidelines which are in line the Companies Act, 2015, […]
CMA caps firms shares buyback price at 10pc
The capital markets regulator has capped the price of shares listed firms propose to buy back from market at 10 percent above the weighted value for the month preceding the resolution. The Capital Markets Authority (CMA) has set maximum and minimum share buyback price in new guidelines which are in line the Companies Act, 2015, […]
Kenya: Capital Markets Authority caps firms shares buyback price at 10pc
The capital markets regulator has capped the price of shares listed firms propose to buy back from market at 10 percent above the weighted value for the month preceding the resolution. The Capital Markets Authority (CMA) has set maximum and minimum share buyback price in new guidelines which are in line the Companies Act, 2015, […]
Kigali keeps repo bank rate unchanged
Rwanda’s central bank has retained the key central bank repo rate unchanged, at 4.5 percent, to further support lending to the economy.. PHOTO | FILE | NATION MEDIA GROUP Rwanda expects a strong economic rebound this year after suffering a contraction that led to the first recession in over two decades, blamed on the pandemic. […]