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Capital Markets Authority
  • Home
  • About CMA
    • What We Do
    • Capital Markets Development Master Plan
    • Governance
      • The Board
      • Management
      • Departments
    • Clients Service Charter
    • CMA Strategic Plan
  • Regulation
    • Laws
      • Draft Laws
      • Acts
      • Regulations
      • Guidelines
      • EAC Council Directives
    • Regulatory Notices
    • Periodic Legal Updates
  • Supervision
    • Licensing & Approvals
      • Licensed Firms
      • License Application & Renewal Forms
        • SCD Application Form
        • CMA Regime
        • CIS Regime
        • Personnel Fit and Proper Form
      • Checklists
        • REITS & Offer of Securities Checklists
        • Renewal Application Checklists
          • CMA Regime
          • CIS Regime
          • SCD Regime
        • New Application Checklists
          • CMA Regime
            • Licenses
            • Approvals
          • SCD Regime
          • CIS Regime
    • The Capital Markets Certification Program
    • Listed Companies
    • Investigations
    • Inspections
    • Anti Money Laundering (AML)
    • Notices
    • Financial Returns
    • CIS Daily Prices
  • Enforcement
    • Criminal Proceedings
    • Civil Proceedings
    • Financial Penalties
    • Administrative Sanctions
  • Investor / Issuer Education
    • Overview
    • Investors
      • Investor Rights
      • Investment Tips
      • Capital Markets Development Campaigns
    • Investor Protection
      • Complaints Handling
      • Fraud Reporting
      • Whistle Blowers
    • Issuers
    • Presentations
    • Frequently Asked Questions
    • Glossary
  • Research & Policy
    • Research Papers
    • Publications
      • Surveys
      • Quarterly Reviews
      • Soundness Indicators Report
      • Annual Reports
      • Capital Markets Industry Reports
    • Regulatory Sandbox

Category: Market Commentary

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  • Blog
  • Market Commentary
December 19, 2019

Capital Markets – a Source of Patient Capital for Business Expansion and Debt Refinancing

I have said at various fora that there is a lot more capital looking for investments across the world, relative to the pipeline

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April 1, 2019

Why Investment Clubs Should Invest in Collective Investment Schemes

In the past seven to ten years, Uganda has witnessed an explosion of investment clubs. Friends, family members, colleagues at work,

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February 6, 2019

Sell of listed company shares should be open to all savers

Over the past few days, a debate has been raging in the traditional and social media space about the rationale for MTN floating shares on the Uganda Securities Exchange.

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July 12, 2017

Pension reform will save ordinary Ugandans from old age poverty

The 2014 census results indicate that Uganda has a labour force of 16 million people. By the end of 2015, only 757,179 Ugandans

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June 28, 2017

Five Reasons Why Capital Markets Matter in Africa

The significance of developing domestic capital markets as a means of financing priority sectors and driving economic development

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April 26, 2017

Sukuk Bonds: An Alternative Source of Long Term Capital for Uganda

The Capital Markets Authority will soon launch a ten year Capital Markets Development Master Plan.

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April 10, 2017

Exciting times ahead for Uganda’s capital markets

The capital market is a crucial component of the economy that channels personal or pooled savings to public or private enterprises,

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March 12, 2017

Uganda’s Capital Markets: Achievements, Challenges and Future Prospects

The key drivers of the growth witnessed have been investor confidence due to the protection provided..

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February 8, 2017

Why Uganda must expedite pension reforms

It was recently reported that the bill to reform Uganda’s pension sector is due to be discussed by the relevant parliamentary committee

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January 24, 2017

Uganda’s Capital Market in view of the EAC integration

The capital markets are a platform where individuals and institutions, both local and foreign that have excess funds meet entrepreneurs

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Latest News

  • CMA and USE Launch World Investor Week 2025: Empowering Ugandans to Move from Savings to Smart Investments
    October 24, 2025
  • CMA and USE Host the Regional East Africa Capital Markets Conference 2025 to Drive Digital Transformation & Sustainable Finance in Regional Capital Markets
    October 16, 2025
  • CMA Launches Regulatory Sandbox to Accelerate Fintech Innovation
    October 8, 2025
  • Capital Markets Authority Unveils Five-Year Blueprint to Power Uganda’s Journey to a USD 500 Billion Economy
    September 2, 2025
  • CMA Advances Crackdown on Investment Scams
    July 4, 2025
  • East African Regulators Agree on New Steps to Grow Sustainable Finance and Financing of SMEs
    June 2, 2025

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Capital Markets Authority (CMA) is the statutory body responsible for regulating and promoting the development of capital markets in Uganda.

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