With support from Financial Sector Deepening Africa (FSDA), CMA spearheaded the development of an industry Ten-Year Capital Markets Development Master Plan (CMDMP). The Plan was launched in June 2017 by H.E the President of the Republic of Uganda.
The vision of the CMDMP is to position Uganda’s capital markets within the frontier market category of the Morgan Stanley Capital International for equities as a way of attracting more international capital to meet financing needs for both Government and the private sector.
The Plan has 5 objectives, 27 recommendations and 96 actions which have to be implemented over the ten year period.
However, the three main objectives of the Master Plan are:
- To facilitate issuer access to alternative / non-bank financing in order to reduce dependency on bank financing
- To improve efficiency within the capital markets eco-system
- To deepen the pool or formal savings and investment opportunities within the economy