The National Social Security Fund (NSSF) has won their fourth Gold Award in Financial Reporting, beating 108 organisations which submitted their annual reports for evaluation in the 2022 Financial Reporting (FiRe) Awards competition. In second position came Stanbic Uganda Holdings Limited, taking the Silver Award, while Centenary Rural Development Group Limited came third with the Bronze Award. While presenting the Award to the Fund, the Chairperson of the FiRe Awards Committee, CPA Stephen Ineget noted that the organisation provided a clear and detailed explanation of its value-creation process, highlighting the key inputs, business activities, outputs, and outcomes. NSSF also won…
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Uganda Securities Exchange (USE) has rolled out a specialist market the ‘USE Edaala’, an unquoted securities platform aimed at enabling companies which do not meet the minimum listing requirements on the Exchange’s public market segment access capital for long term funding through private placements and restricted offers. Through the new specialist market, USE will connect the companies with select providers of capital (professional investors) for both equity and debt funding. The platform also facilitates private companies with numerous shareholders benefit from the efficiencies provided by the existing trading and depository platforms. Shareholders specifically, are able to trade their shares should…
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