Press Releases

FINAL CALL REGARDING THE DEADLINE FOR SUBMISSION OF COMMENTS ON PROPOSED AREAS OF CHANGE TO THE CAPITAL MARKETS AUTHORITY ACT. The Capital Markets Authority (CMA) would like to thank all the stakeholders who took time to participate in the virtual workshop that was held on Tuesday, 27th September 2022, to discuss the proposed areas of […]

Our attention has been drawn to two articles on social media that are purportedly based on an open letter from the staff of the Capital Markets Authority (CMA) to the Chief Executive Officer (CEO) alleging misconduct by the latter. The said open letter has never been brought to the attention of the CEO, the Senior […]

Key figures: Collective Investment Schemes now hold Ugx1.15 trillion in Assets Under Management (AUM). 32,998 investor accounts and growing. Five licensed Collective Investment Scheme Managers. Kampala. Wednesday, May 18th, 2021. The Capital Markets Authority (CMA) joins all Ugandans to celebrate the attainment of Ugx1.15 trillion in Assets Under Management (AUM) by licensed Collective Investment Scheme […]

Tuesday, 17th May 2022.  The attention of the Capital Markets Authority (CMA) is drawn to a letter that is circulating on social media as regards proposed taxation of Collective Investment Schemes (CIS)/Unit Trust Schemes, particularly in regard to the interpretation of Section 21(1) (t) of the Income Tax Act (ITA) and whether Unit Trust Schemes […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]