• CEO’s statement on events in Kampala
    Kampala. November 16th, 2021.  This morning, something terrible happened while we were going about our normal business. We don’t have all the details yet, but what is certain is that we witnessed a devastating tragedy around the Jubilee Insurance Centre; the building that houses our offices. The feelings of loss, confusion and uncertainty and the […]
  • CMA STATEMENT ON APPROVAL OF PROSPECTUSES FOR PUBLIC OFFERS
    Kampala. October 30, 2021. The role of the Capital Markets Authority (CMA) in approving prospectuses for the offer of securities to the public is enshrined in S. 5. 1 (a) of the Capital Markets Authority (CMA) Act. It is an offence under section 90G of the CMA Act to offer securities to the public or […]
  • CMA Approves MTN Uganda Prospectus
    Kampala.11th October, 2021 Telecommunications Company, MTN Uganda has been allowed to proceed with an Initial Public Offer (IPO) and issue shares to the general public, following approval of its prospectus by Uganda’s securities regulator, the Capital Markets Authority (CMA). This marks the fulfillment of part of its National Telecommunication Operator license requirements. CMA has granted […]
  • PRESS STATEMENT IN RELATION TO STATEMENTS MADE AT THE MTN UGANDA LIMITED INTENTION TO FLOAT EVENT
    On 5 October 2021, MTN Uganda Limited (MTN, the Company) held an event in which MTN announced its intention to proceed with an initial public offer (IPO) and subsequently list the Company on the on the Uganda Securities Exchange (USE). This announcement followed the approval of the IPO prospectus by the Capital Markets Authority of […]
  • WARNING AGAINST FRAUDULENT AND UNLICENSED FINANCIAL SCHEMES AND OPERATORS
    The Capital Markets Authority (CMA) has, with great concern, noted an increase in the number of incidents relating to fraudulent operators and unlicensed financial schemes across the country. Such incidents include individuals or firms holding out as investment advisers and fund managers, as well as pyramid schemes operating physically and through online platforms, which seek […]
  • CMA, Uganda Police to Increase Collaboration in Investigation of Capital Markets Offences
    The Capital Markets Authority (CMA) has committed to increase its collaboration with the Criminal Investigations Directorate(CID) of the Uganda Police as one of the measures to enhance investigation and enforcement of offences under the CMA Act. Over the past few months, the Authority has received a series of complaints from the public about unscrupulous individuals […]
  • Ponzi Schemes and Scam Activities During and Post COVID-19
    As the world grapples with the fight against the deadly CORVID-19 pandemic which has not only claimed lives and affected human livelihood, but also ravaged economies, the Capital Markets Authority (CMA) continues to stand with you all in this fight and encourage the capital markets fraternity to play our individual roles alongside what our Government […]
  • Stakeholder Advisory in View of the COVID-19 Pandemic
    As you are aware, the outbreak of the COVID-19 (Corona Virus) epidemic has continued to disrupt doing business even in the financial markets worldwide. H. E the President has issued directives to supplement the Ministry of Health guidelines and Standard Operating Procedures (SOPs) and all these efforts remain very vital in curtailing the spread of […]
  • CMA Assures Stakeholders of Business Continuity despite the COVID 19 Scare
    Following the guidance by the Ministry of Health and directives issued by H. E the President on the COVID 19 pandemic (Corona virus), the Capital Markets Authority (CMA) wishes to inform all its stakeholders that we are taking this matter seriously and as such, wish to reiterate that all preventive measures that have been instituted […]
  • CMA to Appeal High Court Ruling in Tolea Case
    The Civil Division of the High Court has ruled that the Capital Markets Authority (CMA) should, among others, re-evaluate the application by Tolea Securities Limited (TSL) to issue Exchange Traded Funds (ETFs) on Altx East Africa Limited. The ruling is an outcome of a judicial review filed by TSL against CMA. The Authority has reviewed […]
  • Uganda to Prioritize Debt Capital Markets for Financing the Economy
    The Government has been urged to prioritize the use of debt capital markets as a way of financing the real economy. The call comes at a time when Government and the private sector are grappling with high bank interest rates which have led to the reduction of uptake in bank loans. It is also evident […]
  • CMA commences first round of inspections for FY 2019/20
    The Capital Markets Authority (CMA) has embarked on the first round of inspections of licensed intermediaries for the financial year 2019/20. During this round, the Authority will be inspecting fund managers, following a risk profiling exercise that was conducted a few weeks ago. The key areas of focus will include business process risks, governance, internal […]
  • Public Notice: APPROVAL TO OPERATE A COMMODITIES EXCHANGE
    Capital Markets Authority (CMA) has learnt through media reports that there are persons who purportedly launched a commodities exchange to trade “precious metals” in Uganda. The reports have been seen in both traditional print and online media. Section 2 (d) of the CMA Act, Cap. 84 gives CMA the power to grant approval to any […]
  • CMA, Police strengthen partnership to fight capital markets offences
    Kampala, ……ore than 300 officers from the Criminal Investigations Department (CID) of the Uganda Police Force will be undertaking training this financial year on various aspects within the capital markets, in a bid to enable them understand the market operations, the laws that govern the industry, the offences there in and how these offences can […]
  • CMA Moves to Review Corporate Bond Guidelines to Increase Chances of Issuances
    Since December 2013 when sugar manufacturer, Kakira Sugar Limited issued its UGX 76 Billion corporate bond, Uganda’s capital markets have not witnessed any new corporate debt issuance, despite the rising cost of bank debt, a factor that would be expected to drive businesses to consider alternative financing options. A corporate bond is a debt security […]
  • CMA Act consolidated to ease reference
    Kampala… The Capital Markets Authority (CMA) Act Cap 84 has been reprinted as a way of updating it to incorporate all amendments effected by the CMA Amendment Act, 2011 and the CMA Amendment Act, 2016. The CMA Act Cap 84 which commenced on 24May, 1996 has been amended twice over the period to, among other […]
  • CMA Approves CIPLAQCL Prospectus
    Kampala… Pharmaceutical Company, CIPLA Quality Chemicals Limited (CIPLAQCL) will now be able to issue shares to the general public, following approval of its prospectus by the regulator, Capital Markets Authority (CMA). CMA granted approval to CIPLAQCL to offer 657,179,319 shares(equivalent to 18% of the total issued shares of the company), at an offer price of […]
  • CMA to review ETF and Depository Receipts Guidelines as well as Licensing Regulations
    Kampala,Uganda… As part of the implementation of the10-year Capital Markets Development Master Plan that was launched in 2016, the Capital Markets Authority (CMA) has embarked on the process of reviewing its laws to ensure that they conform to the new provisions of the CMA Amendment Act 2016.The Act, which was amended for the second time […]
  • East African Securities Regulators agree on criteria for fit and proper assessment of market practitioners
    Nairobi, Kenya…….The regional capital markets regulators, under the umbrella of East African Securities Regulatory Authorities (EASRA) have adopted a regional framework for fit and proper assessment of market practitioners.  This is to ensure that only operators meeting the highest ethical standards operate regionally. The framework has provisions focusing on the ability of a person to […]