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<p>On the Uganda Securities Exchange, Trading in the first quarter of 2021 registered a tremendous decline with a turnover of $954,000 compared to $2.1 million registered in the fourth quarter 2020.</p>


USEmusau

Trading on Uganda Securities Exchange registers sharp decline in first quarter

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<p>In Uganda, Capital Markets Authority asked the Ministry of Finance to have five Ugandan companies list shares on the local stock exchange.</p>


Uganda: CMA wants 5 companies to list on the USE

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<p>Bank of Uganda is scheduled to hold this week’s T-Bill auction on tomorrow February 24 and is expected to raise a total of $66.89millon. Moreover, last week, the secondary market activity declined by 49.11 per cent generating $78.08 million in turnover with activity dominated by the medium-term notes contributing 44.34 per cent of turnover. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for more.</p>


Ugandan market watch: BoU looks to raise $66.9mn at this week’s T-Bill auction

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<p>Uganda’s Central Bank cut its benchmark lending rate by 100 basis points, taking it down to 7 per cent, to support the East African nation’s economy as it downgraded projected growth. According to the government, the pace of Uganda’s economic expansion is expected to decline by more than half in the financial year to June 30 to between 2.5-3.5 per cent. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for more.</p>


This is how COVID-19 is impacting Uganda’s growth outlook

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<p>The International Monitory Fund executive board approved US$491.5 million under the Rapid Credit Facility, to help Uganda address the economic impact of the COVID-19 pandemic. Moreover, According to Uganda Electricity Transmission Company Limited there has been a marginal drop of in demand for electricity by 10 per cent since the country went into lock-down in March. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for more.</p>


Uganda secures $491.5mn loan from IMF to address economic impact of COVID-19

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<p>Bank of Uganda (BoU) held its last Treasury Bills (T-Bill) auction of 2019 on December 18th to raise $59.96 million. However, the previous bill auction had an underwhelming performance in terms of amount raised with the Central Bank only managing 88.07 per cent of the amount offered. Also last week, trading turnover dropped by 36.36 per cent to 23.81 relative to $37.28 million the previous week. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for a review on how the money market faired this year.</p>


Annual market review: This is how Uganda Securities Exchange performed in 2019

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<p>As part of a move to encourage local ownership in the Capital Market, Uganda has ordered telecoms operators, of which most of them are foreign-owned to list on the local bourse, giving them two years to list at least 20 per cent of their shares. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for more.</p>


Uganda encourages local ownership

Uganda encourages local ownership, orders telcom operators to list on local bourse

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<p>In Uganda, the central bank cut its key lending rate by 100 basis points to 9.0 per cent with the aim to revive economic growth in the country. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for more.</p>


Bank of Uganda cuts main lending rate to 9.0%

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<p>Ugandan oil companies have caved in to pressure and proposed fresh dialogue to resolve the current standoff with the government, a month after suspending all technical activities in Uganda’s budding oil and gas sector. Research Analyst at Crested Capital, Oscar Emasu joins CNBC Africa for more.</p>


Oil firms to resume operations after long halt over capital gains tax

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<p>Uganda is seeking $3.5 billion in private investment to expand its power-transmission network in attempt to curb spending without slowing its economic growth. Also, a $3.5 billion project allowing exports of Ugandan oil via Tanzania will proceed after both countries held talks and met with businessmen. For more on this matter, Research Analyst at Crested Capital, Oscar Emasu joins CNBC Africa for more.</p>


Increased spending potentially widens budget deficit to 8.7% of GDP: Uganda Market Watch

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<p>Last week in the Monetary Policy Committee (MPC) meeting, Bank of Uganda moved to maintain the Central Bank Rate at 10 per cent. Economic growth in Financial Year 2019/2020 is projected at 6-6.3 per cent supported by the accommodative monetary policy that resulted in stronger growth in private sector credit, expansionary fiscal policy and multiplier effects of public infrastructure investments. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for more.</p>


Bank of Uganda maintains repo rate at 10%

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<p>The Supreme Court in Uganda decided that Members of Parliament cannot unilaterally increase their remuneration without involvement of the Executive. To elaborate on this and matters affecting the country&#8217;s economy, Oscar Emasu, Research Analyst, Omic, Crested Capital joins CNBC Africa for more.</p>


Uganda Supreme Court: Parliamentarians cannot increase remuneration without Executive approval

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<p>Matters Uganda, the Government is drafting new regulations that will require all foreign companies with a substantial level of capital to list on the Uganda Securities Exchange. Moreover, CIPLA Quality Chemicals Ltd is facing a penalty. Oscar Emasu, Research Analyst: Equity and Fixed Income at Crested Capital joins CNBC Africa for more</p>


Ugandan govt to compel foreign companies to list on local exchange

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<p>Ugandan President Yoweri Museveni said MTN Uganda needs to sell shares on the local stock exchange to facilitate domestic ownership of the company and ensure more of the money it earns stays in the country. Joining CNBC Africa to discuss this MTN listing is Oscar Emasu, Research Analyst for Equity &#038; Fixed Income at Crested Capital.</p>


Ugandan President wants MTN to list on local exchange

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<p>Uganda’s banking industry is in transition, anticipating regulatory changes that would see banks core capital jump from 8 per cent to 10 per cent.</p>


Uganda’s banking sector outlook

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<p>Stanbic Bank Uganda, posted an 11 per cent drop in pre-tax profit to $36 million in the first half of 2017 compared to $40 million in the same period last year. The drop was attributed to a lower interest rate environment.</p>


Stanbic Bank Uganda pre-tax profit slides

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<p>Uganda&#8217;s headline inflation fell to 5.7 per cent in July from 6.4 percent in June as prices of vegetables eased month on month. Core inflation also fell to 4.5 per cent during the period from 4.9 per cent.</p>


Crested Capital

Trading on Uganda Securities Exchange registers sharp decline in first quarter

Uganda: CMA wants 5 companies to list on the USE

Ugandan market watch: BoU looks to raise $66.9mn at this week’s T-Bill auction

This is how COVID-19 is impacting Uganda’s growth outlook

Uganda secures $491.5mn loan from IMF to address economic impact of COVID-19

Annual market review: This is how Uganda Securities Exchange performed in 2019

Uganda encourages local ownership, orders telcom operators to list on local bourse

Bank of Uganda cuts main lending rate to 9.0%

Oil firms to resume operations after long halt over capital gains tax

Increased spending potentially widens budget deficit to 8.7% of GDP: Uganda Market Watch

Bank of Uganda maintains repo rate at 10%

Uganda Supreme Court: Parliamentarians cannot increase remuneration without Executive approval

Ugandan govt to compel foreign companies to list on local exchange

Ugandan President wants MTN to list on local exchange

Uganda’s banking sector outlook

Stanbic Bank Uganda pre-tax profit slides

Uganda’s inflation drops to 5.7% in July

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Crested Capital

Trading on Uganda Securities Exchange registers sharp decline in first quarter

Uganda: CMA wants 5 companies to list on the USE

Ugandan market watch: BoU looks to raise $66.9mn at this week’s T-Bill auction

This is how COVID-19 is impacting Uganda’s growth outlook

Uganda secures $491.5mn loan from IMF to address economic impact of COVID-19

Annual market review: This is how Uganda Securities Exchange performed in 2019

Uganda encourages local ownership, orders telcom operators to list on local bourse

Bank of Uganda cuts main lending rate to 9.0%

Oil firms to resume operations after long halt over capital gains tax

Increased spending potentially widens budget deficit to 8.7% of GDP: Uganda Market Watch

Bank of Uganda maintains repo rate at 10%

Uganda Supreme Court: Parliamentarians cannot increase remuneration without Executive approval

Ugandan govt to compel foreign companies to list on local exchange

Ugandan President wants MTN to list on local exchange

Uganda’s banking sector outlook

Stanbic Bank Uganda pre-tax profit slides

Uganda’s inflation drops to 5.7% in July

News Tips

Advertise With Us

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