A few weeks ago, the Uganda Stock Exchange (USE) confirmed it had received formal approval from the regulatory body, the Capital Markets Authority (CMA) to operate a demutualised stock exchange. This means that the ownership of the Exchange has been separated from the trading rights of its members, the stock brokers. The shareholding in the...Read More

One of the true tests of leadership is the ability to recognise a problem before it becomes an emergency.” – Arnold GlasgowAttention is drawn to a recent Saturday Monitor headline, ‘Uganda needs 94 years to clear debt’. There are some underlying assumptions nuanced in the story, but these are not the subject of this writing,...Read More

The company’s stock debuted at the $14.5 price per share after setting the initial valuation between $13 and $16. By the close of first day, the share price had shot to $ 18.95 a remarkable 31.7% jump higher than its initial public offering (IPO) price of $14.5 raising $196 millionRead More