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Uganda Securities Exchange
The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's central bank. The exchange opened to trading in January 1998. At that time, the exchange had just one listing, a bond issued by the East African Development Bank. Trading was limited to only a handful of trades per week. As of July 2014, the USE traded 16 listed local and East African companies and had started the trading of fixed income instruments. The exchange is a member of the African Stock Exchanges Association. The USE operates in close association with the Dar es Salaam Stock Exchange in Tanzania, the Rwanda Stock Exchange, and the Nairobi Stock Exchange in Kenya. According to published reports in 2013, there were plans to integrate the four exchanges to form a single East African bourse. Uganda All Stock Index (ALSIUG) is the b ...
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Charles Mbire
Charles Magezi Mbire is a businessman, entrepreneur, and industrialist in Uganda. He was reported to be the wealthiest indigenous Ugandan, with an estimated net worth exceeding US$200 million as of January 2012. Background Mbire was born Charles Magezi in 1959 to Ponsiano Mbire and Thereza Mbire in Mparo, Rukiga District, southwestern Uganda. He is the third-born in the family with three sisters, two of them older than him, and two younger brothers. He attended Kabale Primary School and Kitante Primary School for his elementary education. He studied at St. Mary's College Kisubi for his O-Level education. He then attended Namasagali College for his A-Level studies. He studied business and economics and graduated with the honors degree of Bachelor of Science, from Essex University in England. He went on to obtain a Master of Business Administration from Leicester University, also in the United Kingdom. His investments are in telecommunications, finance, energy, real estate, pha ...
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Nairobi Stock Exchange
The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya. The exchange had 66 listed companies in February 2021. History Founding Nairobi Stock Exchange (1954-1999) The Nairobi Stock Exchange was established in 1954 as the in Nairobi, the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya. Previous to its founding, dealing in shares and stocks started in the 1920s when it was the British colonial Kenya Colony (1920−1963), a part of the British Empire. A stock exchange was first floated in 1922 at the Exchange Bar in the Stanley Hotel in Nairobi. However, the market was not formal as there did not exist any rules and regulations to govern stock broking activities. Trading took place o ...
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Jubilee Holdings
Jubilee Holdings Limited is a financial services holding company, with its headquarters in Nairobi, Kenya. The company maintains subsidiaries in Kenya, Uganda, Tanzania, Burundi, and Mauritius. Its activities are mainly in the insurance sector. Jubilee Holdings Limited is a large financial services conglomerate in East Africa, the Indian Ocean Islands, and parts of southwestern Asia. As of December 2013, the company controlled assets valued at over US$678 million (KES:61.16 billion), with shareholder's equity of approximately US$119 million (KES:10.7 billion) The company's subsidiary in Kenya, Jubilee Insurance Company Limited, was the largest insurance company in that country, the largest economy in the East African Community, according to a report by the Insurance Regulatory Authority, released in December 2014. Jubilee Holdings Limited The following is a list of subsidiaries (50+% shareholding) and associated companies (less than 50% shareholding) of Jubilee Holdings Limi ...
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Distilled Beverages
Liquor (or a spirit) is an alcoholic drink produced by distillation of grains, fruits, vegetables, or sugar, that have already gone through alcoholic fermentation. Other terms for liquor include: spirit drink, distilled beverage or hard liquor. The distillation process concentrates the liquid to increase its alcohol by volume. As liquors contain significantly more alcohol (ethanol) than other alcoholic drinks, they are considered 'harder'; in North America, the term ''hard liquor'' is sometimes used to distinguish distilled alcoholic drinks from non-distilled ones, whereas the term ''spirits'' is more common in the UK. Some examples of liquors include vodka, rum, gin, and tequila. Liquors are often aged in barrels, such as for the production of brandy and whiskey, or are infused with flavorings to form a flavored liquor such as absinthe. While the word ''liquor'' ordinarily refers to distilled alcoholic spirits rather than beverages produced by fermentation alone, i ...
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Brewing
Brewing is the production of beer by steeping a starch source (commonly cereal grains, the most popular of which is barley) in water and #Fermenting, fermenting the resulting sweet liquid with Yeast#Beer, yeast. It may be done in a brewery by a commercial brewer, at home by a homebrewer, or communally. Brewing has taken place since around the 6th millennium BC, and archaeological evidence suggests that emerging civilizations, including ancient Egypt and Mesopotamia, brewed beer. Since the nineteenth century the #brewing industry, brewing industry has been part of most western economies. The basic ingredients of beer are water and a Fermentation, fermentable starch source such as malted barley. Most beer is fermented with a brewer's yeast and flavoured with hops. Less widely used starch sources include millet, sorghum and cassava. Secondary sources (adjuncts), such as maize (corn), rice, or sugar, may also be used, sometimes to reduce cost, or to add a feature, such as addin ...
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East African Breweries
East African Breweries Limited, commonly referred to as EABL, is a Kenyan-based holding company that manufactures branded beer, spirits, and non-alcoholic beverages. Overview The group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, Tanzania and South Sudan. The group has distribution partners in Burundi, Democratic Republic of Congo and Rwanda. History 1920–1949 East African Breweries Limited was founded in 1922, as Kenya Breweries Limited (KBL), by two white settlers, George and Charles Hurst. The company was owned by the Dodd family of Kenya. KBL acquired Tanganyika-based Tanganyika Breweries in 1935 and 1936 these two companies were merged leading to the creation of the East African Breweries Limited (EABL). The group continued expanding locally through the opening of more breweries such as Mombasa brewery. 1950–1999 In 1954, EABL got listed on the Nairobi Securities Exchange. This was among the first listings in the region ...
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DFCU Group
The Development Finance Company of Uganda Group, commonly referred to as the DFCU Group, is a financial services company in Uganda. Overview * DFCU Limited * DFCU Bank Limited * DFCU Leasing Limited * Rwenzori Properties Limited * Nakasero Properties Limited DFCU Limited is the holding company and it is listed on the Uganda Securities Exchange ( USE), under the symbol DFCU. DFCU Stock , DFCU stock is owned by the following corporate entities and individuals: DFCU House DFCU Group is in the process of building its new headquarters, which will also house the main branch of DFCU Bank. The building will be known as DFCU House and will rise an estimated ten stories high. Located at 26 Kyaddondo Road, on Nakasero Hill, in Kampala's central business district, the development will have underground and surface parking, as well as rentable, retail and office space on several levels. See also * DFCU Bank * Banking in Uganda * List of tallest buildings in Kampala There are over ...
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British American Tobacco
British American Tobacco plc (BAT) is a British multinational company that manufactures and sells cigarettes, tobacco and other nicotine products. The company, established in 1902, is headquartered in London, England. As of 2019, it is the largest tobacco company in the world based on net sales. BAT has operations in around 180 countries, and its cigarette brands include Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans. Its brands also include Vype and Vuse and Glo. BAT has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has a secondary listing on the Johannesburg Stock Exchange. BAT plc ordinary shares are also listed on the New York Stock Exchange in the form of American Depositary Shares. History 1902 to 2000 The company was formed in 1902, when the United Kingdom's Imperial Tobacco Company and the United States' American Tobacco Company agreed to form a joint venture, the "British-American Tobacco Company Ltd." The paren ...
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Bank Of Baroda (Uganda)
The Bank of Baroda Uganda Limited, also known as the Bank of Baroda Uganda (BBU), is a commercial bank in Uganda and a wholly owned subsidiary of Indian government owned banking and financial service company Bank of Baroda . It is one of the commercial banks licensed by the Bank of Uganda, the national banking regulator. Overview BBU is involved in all aspects of commercial banking, focusing on large corporations, small and medium enterprises, and individuals. BBU is a subsidiary of the Bank of Baroda (BoB), an international bank with headquarters in Mumbai, India. BBU is listed on the Uganda Securities Exchange (USE) where it trades under the symbol "BOBU". As of December 2019, BBU had total assets of (US$498,172,000), with shareholders' equity of (US$104,885,000). History BoB opened its first overseas branches in Mombasa, Kenya and Kampala, Uganda in 1953. BBU commenced operations in Uganda on 18 December 1953, initially as an overseas branch of BoB. On 1 November 1969, ...
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Electronic Trading Platform
In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products can be traded by the trading platform, over a communication network with a financial intermediary or directly between the participants or members of the trading platform. This includes products such as stocks, bonds, currencies, commodities, derivatives and others, with a financial intermediary, such as brokers, market makers, Investment banks or stock exchanges. Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional floor trading using open outcry and telephone based trading. Sometimes the term trading platform is also used in reference to the trading software alone. Electronic trading platforms typically stream live market prices on which users can trade and may provide ...
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Sub-Saharan Africa
Sub-Saharan Africa is, geographically, the area and regions of the continent of Africa that lies south of the Sahara. These include West Africa, East Africa, Central Africa, and Southern Africa. Geopolitically, in addition to the List of sovereign states and dependent territories in Africa, African countries and territories that are situated fully in that specified region, the term may also include polities that only have part of their territory located in that region, per the definition of the United Nations (UN). This is considered a non-standardized geographical region with the number of countries included varying from 46 to 48 depending on the organization describing the region (e.g. UN, WHO, World Bank, etc.). The Regions of the African Union, African Union uses a different regional breakdown, recognizing all 55 member states on the continent - grouping them into 5 distinct and standard regions. The term serves as a grouping counterpart to North Africa, which is instead ...
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Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ...
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