@young you are very naive and misguided when it comes to information on the ground in Uganda...

You talk about the oppositions strength... why don't you talk about all the more than 5 top generals who are related to M7?? why don't you talk about the use of the military to quell unrest??? why don't you talk about all the spies M7 has on the ground monitoring our every move???
why don't you talk about the one man cabinet we have as M7 makes every ministry's decisions for them.....

The international community which includes you doesnt know SHIT. You only know what M7 wants you to kow

Young-God bless you on your endeavor to buy NMG in Uganda.
Guru-Young has great points, the M7 era is soon ending. I forecast that by 2021, it'll be over and in the record books. There is a new dawn, a new era. Young democratic and ambitious leaders getting themselves equipped in all aspects for the next 10 years. They remind me of M7 at 25, when he was going to the bush(full of vision and vigor,extremely unstoppable[basing on his book 'Sowing the Mustard seed']). The current opposition are misguided, self centered individuals who cant correct the wrong of M7 once in power, instead,they'll worsen the situation. This is because their motivation is the ousting of the present government, instead of baking a better tomorrow.
Now you have to be extremely optimistic about UGanda, the pearl of Africa. The tendency of having a global village out does the threats of the military. So things are already better, even M7 has realized that. Then next growth phase is in Uganda, just like how the last decade was for Kenya(well, until the last 2yrs). So many multinationals are opening shop and trade delegations ever here. The over 2bn barrels of oil so far discovered mean Uganda currently is seated on about $200,000,000,000 worth of crude oil plus more yet to be discovered. Thats not counting the close to $7.1bn in copper and other metals not utilized at all, and not annual returns from GAC and other coffee producers, not counting the revenues from other sectors. This translates to a GDP 2015 of about $10-7bn from the current $2bn.

@msimon,


I am happy that you are a Ugandan and you hold a positive view about the future of your country, Uganda, the pearl of Africa. Our dear Kenya remains the giant of East Africa, the gateway to East African business.

@young i highly doubt the words naive and misguided about something is an insult unless we read different dictionaries..

and the fact remains that you are not Ugandan and hence what you know about it is hearsay and on the news...

But if you choose to remain optimistic on it who am I to stand in your way...

But believe me and mark my words when I say M7 will be a life president milking our oil and copper money to his grave unless we have another coup which will be terrible for the country because we'll be back to square 1 with another dictator.... So Either way its a lose lose situation...

You like to cite Idi Amin in your examples so i pose this question to you... Wasn't he only taken off by a coup???? otherwise we would still be eating our slippers on the street...

Fitch assigns Uganda a “B” rating with a positive outlook
International credit rating agency Fitch has assigned Uganda a “B” rating with a positive outlook. Purvi Harlalka, the associate director at Fitch’s sovereign group explained that the agency’s positive outlook was premised on Uganda’s oil discoveries that will have a large impact on the country’s growth potential, balance of payments and public finances. According to Fitch Ratings, the growth momentum could however be dampened by the ongoing tax dispute between the Government and oil exploration companies, which could delay the commercialisation of the nation’s oil resources. The rating was based on a robust growth performance and Uganda’s track record of prudent macroeconomic management against low per capita income and a poor business climate. The ratings were also underpinned by the cautious administration of public finances, which has contained Uganda’s fiscal deficit, including grants, to an average of 2.1% of GDP over the last 10 years. Fitch noted that domestic revenue collection that has stagnated at 12-13% of GDP is one of the areas that need improvement. (Source: The New Vision)

So not all is doom & gloom in Uganda but it would be better if m7 did not force himself on Ugandans for another 5 years. He has been in power for 27+ years! That is an entire generation!

Someone born 27 years ago has not known any other president! It would seem that m7 wants to die in office... and he probably does... and will take Uganda down the drain rather than admit he has been a pathetic president for the past 12 years...

Nation Media Group cross-lists shares on USE today


Kampala

Shares of the Nation Media Group, the parent company of Monitor Publications, will start trading on the Uganda Securities Exchange today. The transaction will give resident investors a chance to buy into NMG which has majority shareholding in Monitor Publications, Africa Broadcasting (NTV), KFM radio and Nation Courier Service in Uganda. The Group has operations in Kenya, Uganda and Tanzania.

Shares for purchase
Through the transaction, the 157,118,572 shares in issue at the Nairobi Stock Exchange (NSE) in Kenya will be available to investors for purchase, according to Mr Kenneth Kitariko the Chief Executive Officer, African Alliance Uganda, an investment adviser of the stock brokerage firm. The shares are expected to open for trading at the last traded price in Nairobi yesterday.

Thereafter, demand and supply for the share at the USE will determine the price. By close of business yesterday, NMG shares were trading at KShs165 (UShs4, 620). “Interest for the NMG shares is high among the high net worth, retail and institutional investors,” Mr Kitariko told Daily Monitor in an interview yesterday.

Some of the first beneficiaries of the cross listing are NMG’s permanent employees in Uganda who were allocated 200 shares each this year as part of the NMG’s 50th anniversary celebrations.
NMG shares have been traded since 1973 when they were listed on the Nairobi Stock Exchange. The sale of the shares in Uganda will present an opportunity for local investors to own a piece of East Africa’s largest media house and share in the vision to be the media of Africa for Africa, according to Dr Gitahi Githinji, the managing director of Monitor Publications.

NMG owns a string of newspapers, radio stations, and free to air television stations in Kenya, Tanzania and Uganda. “The cross-listing will enhance the company’s profile in Uganda and enable the firm’s clients to buy shares and to be part of NMG’s vision as shareholders of the company,” Dr Githingi told staff recently.

By cross-listing in Kampala, NMG will become the sixth company to cross-list on the USE from the NSE and the 13th company to be quoted on the Kampala bourse. Other cross-listed companies include; Kenya Airways, East African Breweries, Kenya Commercial Bank, Equity Bank and Jubilee Holdings.

The company is also set to cross-list its shares on Rwanda’s Over the Counter Market in Kigali on November 2 and on the Dar es Salaam Stock Exchange at a later date, according to Mr Linus Gitahi, the chief executive officer of NMG.

Nation Media Group cross-lists shares on USE today


Kampala

Shares of the Nation Media Group, the parent company of Monitor Publications, will start trading on the Uganda Securities Exchange today. The transaction will give resident investors a chance to buy into NMG which has majority shareholding in Monitor Publications, Africa Broadcasting (NTV), KFM radio and Nation Courier Service in Uganda. The Group has operations in Kenya, Uganda and Tanzania.

Shares for purchase
Through the transaction, the 157,118,572 shares in issue at the Nairobi Stock Exchange (NSE) in Kenya will be available to investors for purchase, according to Mr Kenneth Kitariko the Chief Executive Officer, African Alliance Uganda, an investment adviser of the stock brokerage firm. The shares are expected to open for trading at the last traded price in Nairobi yesterday.

Thereafter, demand and supply for the share at the USE will determine the price. By close of business yesterday, NMG shares were trading at KShs165 (UShs4, 620). “Interest for the NMG shares is high among the high net worth, retail and institutional investors,” Mr Kitariko told Daily Monitor in an interview yesterday.

Some of the first beneficiaries of the cross listing are NMG’s permanent employees in Uganda who were allocated 200 shares each this year as part of the NMG’s 50th anniversary celebrations.
NMG shares have been traded since 1973 when they were listed on the Nairobi Stock Exchange. The sale of the shares in Uganda will present an opportunity for local investors to own a piece of East Africa’s largest media house and share in the vision to be the media of Africa for Africa, according to Dr Gitahi Githinji, the managing director of Monitor Publications.

NMG owns a string of newspapers, radio stations, and free to air television stations in Kenya, Tanzania and Uganda. “The cross-listing will enhance the company’s profile in Uganda and enable the firm’s clients to buy shares and to be part of NMG’s vision as shareholders of the company,” Dr Githingi told staff recently.

By cross-listing in Kampala, NMG will become the sixth company to cross-list on the USE from the NSE and the 13th company to be quoted on the Kampala bourse. Other cross-listed companies include; Kenya Airways, East African Breweries, Kenya Commercial Bank, Equity Bank and Jubilee Holdings.

The company is also set to cross-list its shares on Rwanda’s Over the Counter Market in Kigali on November 2 and on the Dar es Salaam Stock Exchange at a later date, according to Mr Linus Gitahi, the chief executive officer of NMG.

Yes, crosslisting to Uganda is to give UG citizens opportunity. My curiosity was to have a feel of the reception the stock is receiving in Uganda and whether it will uplift USE which is still moving at a snail's pace.

Introduction of NMG @Pkoli is not expected to improve market activity on the short term in Uganda. Long term yes it is possible, with orientation of the locals and as more fund managers especially from west africa are looking in that direction.

Notable west African fund managers waiting in the wings to invest in Uganda bourse includes :-

Databank group (Ghana) going through African Alliance network

UBA Trustees (Nigeria) using United Bank For Africa (UBA) already existing in Uganda as the custodian


Stanbic IBTC Equity Fund (Nigeria) liasing with Stanbic Bank Uganda as the custodian.


The only limitation is that the liquidity may not really improve on the short term as this fund managers invest on long term bssis.

Another fund manager BGL Group (Nigeria) are investing in Ugandan money market. That is USD fixed deposit with Crane Bank Uganda.