Financial Age

26/08/2018

From Digest Africa's Peter K. Malinz, speaking at the Kampala Week.

19/08/2018

Significant figures is a summary of key numbers and statistics hidden in the week's headlines.

Significant Figures: CIPLA IPO, Mobile Subscribers In Rwanda 0SHARESShareTweetSubscribe Significant Figures is a synopsis of key numbers and statistics hidden in the news. During the week, CIPLA Quality Chemicals priced its initial public offering (IPO) at UGX 256.5, moving a step closer to becoming...

14/08/2018

Cipla Quality Chemical Industries Limited expects to raise UGX 168.6 billion ($45 million) in the IPO. The offer opened on Tuesday and is expected to close on 24th August.

Cipla Uganda Securities Exchange (USE)

USE All Share Falls As Cipla Quality Chemicals Prices IPO At UGX 256 0SHARESShareTweetSubscribe Both major indices on the Uganda Securities Exchange fell as Cipla priced its initial public offering at UGX 256.5 per share. The All Share Index and the Local Companies Index fell 0.12% and 0.14% respect...

13/08/2018

“With the base for inflation less favourable next year, and given a more expansionary fiscal policy aimed at boosting growth, we think the Bank of Uganda will likely have to commence a tightening cycle soon.”
- Khan, chief economist for at Standard Chartered Uganda

BOU Maintains Lending Rate At 9 Percent, Shilling Weakens 0SHARESShareTweetSubscribe Bank of Uganda held its key lending rate at 9.0% on Monday and its governor said economic growth was robust because previous official rate cuts had lowered bank lending rates. Governor Emmanuel Tumusiime-Mutebile sa...

06/08/2018

Pre Markets: USE Opens Week At Low End, Safaricom CEO Returns 0SHARESShareTweetSubscribe Trading activity on the Uganda Securities Exchange opened the week at the low end despite making a 10.46% increase from Friday’s close, as the market dealt UGX 4.02 million in turnover relative to UGX 4.48 mil...

04/08/2018

A summary of important statistics hidden in the week's news.

Significant Figures: Inflation Statistics And Tariff Implications 0SHARESShareTweetSubscribe Significant Figures is a synopsis of key numbers and statistics hidden in the news. 2.2 Kenya’s revenue collection had failed to meet the set target during the financial year, coming in at 2.2% of GDP lowe...

02/08/2018

Uganda Securities Exchange (USE) will open Thursday’s trading with the at 2,025.62, up 0.01% from Wednesday’s opening level.
MTN Uganda officials said the company recorded a 30% decline in revenue since the implementation of the Mobile Money tax.

Pre Markets: USE Uganda Summary, BOU Says Mobile Money Tax Hinders Financial Inclusion 0SHARESShareTweetSubscribe The Uganda Securities Exchange will open Thursday’s trading with the ALSI at 2,025.62, up 0.01% from Wednesday’s opening level. The LCI will open at 414.83. On Wednesay, dfcu Bank (D...

31/07/2018

The move will affect about $1.5 million in Rwandan exports, or about 3% of its total exports to the United States.

Trump Suspends Duty-Free Imports From Rwanda, RSE Rwanda All Share Unchanged 0SHARESShareTweetSubscribe President Donald Trump has suspended Rwanda’s right to export clothing duty-free to the United States over Kigali’s decision to increase tariffs on imports of used clothing and footwear, the U...

31/07/2018

Energy, fuel and utilities prices rose 16% from 15.1% in June. Consumer prices rose 0.4% in the month.

Uganda Bureau of Statistics

Inflation Hits Seven-Month High, Seven USE Securities Register Decline In Share Price 0SHARESShareTweetSubscribe According to the Uganda Bureau of Statistics, annual inflation rate rose to 3.1% in July, the highest level in seven months, as energy prices soared. As Vincent Nsubuga, the principal sta...

30/07/2018

Central Bank of Kenya (Official) slashes lending rate, Uganda Securities Exchange (USE) All Share down 0.44%, and local currencies firm.

Pre Markets: Kenya Bank Rate Slashed, Local Currencies Firm 0SHARESShareTweetSubscribe Umeme Limited (UMEM) and National Insurance (NIC) dominated the day’s trading on the Uganda Securities Exchange, as the All Share Index fell 0.44% to close at 2,067.77. The Local Companies Index remained unchang...

29/07/2018

From Prime Minister, NarendraModi during his address to Parliament of Uganda

28/07/2018

Significant Figures is a synopsis of key numbers and statistics hidden in the news.

Significant Figures: India’s Trade In Africa, Uganda Exports Surpass Kenya Imports 0SHARESShareTweetSubscribe Significant Figures is a synopsis of key numbers and statistics hidden in the news. 9.6 Before the South Sudan plunged into chaos, Uganda’s export earnings from the country rose by 9.6% ...