Darasimi Adebisi The stock market of the Nigerian Exchange Limited (NGX) appreciated by N165billion in its Wee-on-Week performance as investors renewed interest in Nigerian Exchange (NGX) Group, Nigerian Breweries Plc, BUA Cement Plc, Total Nigeria Plc and Stanbic IBTC holdings Plc. The stock market witnessed four days of trading activities as the Federal Government declared […]
Taxpayers may in future potentially step in and bail out nine State-owned firms, including Kenya Power, from commercial loans amounting to more than Sh104.84 billion, the Treasury has disclosed. The loans, which the firms took out after seeking approval from the Treasury, pose potential financial burden on the taxpayer as the proceeds were invested in […]
Crested Capital stock dealers trading at the Uganda Securities Exchange in Kampala. PHOTO | MORGAN MBABAZI Following the end of the offshore investor season, average trading turnover at the USE dropped to less than Ush20 million ($5,493) per day at the beginning of October while trading volumes fell to less than 200,000 shares per day. […]
The Capital Markets Authority (CMA) has said a drop in share prices of locally listed companies saw the size of Uganda Securities Exchange (USE) decline by 1.3 per cent for the period ended September. In details contained in its Quarterly Bulletin, CMA noted that domestic market capitalisation declined from Shs4.33 trillion for the period ended […]
The National Treasury disclosed the loans amounted to KSh 104.84 billion The exchequer said the billions were invested in priority projects but may have to be repaid by taxpayers given the poor financial state of the parastatals As of June 2020, KPLC had debts amounting to KSh 53.84 billion At least nine state-owned firms are […]
People gather around an MTN outlet in Kisoro district, about 480 km west of the capital Kampala, on November 18, 2015. MTN Uganda has appealed a court award of Shs 2.3 billion (around 662,000 dollars or 620,700 euro) to electronic money provider EzeeMoney for sabotaging its business. AFP PHOTO / ISAAC KASAMANI (Photo credit should […]
Outlook remains overcast by a mutating virus | THE INDEPENDENT | Uganda’s economy has been struggling for some time now since the outbreak of coronavirus but the government and the private sector are coming up with numerous options to reverse the trend. On Oct. 20, the government released Sh 5.8trillion for the second quarter expenditure, […]
The Capital Markets Authority (CMA) has said a drop in share prices of locally listed companies saw the size of Uganda Securities Exchange (USE) decline by 1.3 per cent for the period ended September. In details contained in its Quarterly Bulletin, CMA noted that domestic market capitalisation declined from Shs4.33 trillion for the period ended […]
In a major virtual summit with over 1,000 high-level attendees, Africa.com revealed the names of the 50 most senior women in corporate Africa. The Africa.com Definitive List of Women CEOs is distinguished in that it is data-driven. The researchers started by working with data provided by Bloomberg and evaluating the over 1,400 companies listed on […]
MTN Uganda said yesterday it had set the price of its initial public offering (IPO) for the sale of a 20 percent stake at 200 Ugandan shillings (R0.83) per share, as the East African nation’s biggest telecoms operator launched the country’s biggest IPO. Photo: REUTERS/Afolabi Sotunde/File Photo MTN UGANDA said yesterday it had set the […]
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