🇺🇬 Uganda Securities Exchange

2020 was a tough year in almost all fronts: public health, production, new orders, employment, and demand, among others. The once growing economy contracted and interest rates took a deep dive as coronavirus cases surged.

Shareholders of Uganda’s listed power distributor Umeme Ltd (NSE:UMME, USE:UMEM) face lower dividends after the firm succumbed to more than 60 percent fall in net profit for the year ended December 31, 2020.

Stanbic Bank Uganda (SBU) has paid out a total of Sh110 billion to its shareholders for financial year 2019, continuing a long track record of returning consistently positive earnings despite prevailing challenges.

The Capital Markets Authority expects to reap Non Tax Revenue of  1.15 billion Shillings from the listing of telecom giant MTN Uganda on the Uganda Securities Exchange. This was disclosed by the Chief Executive Officer of the authority Keith Kalyegira while appearing before the Finance Committee of Parliament on Wednesday afternoon.