Media & Updates

Following the Coronavirus outbreak, and the measures announced by the President last week, we wanted to reach out to our community of investors to share how we plan to get through the next few weeks. Alongside increased hygiene (frequent washing of hands and surfaces), staying at home is the most effective method of limiting the spread of the Coronavirus. Consequently, for the safety of our staff and investors, we have made the decision to temporarily close our office starting today Tuesday...

Investors will recall in our Market Notice of 02nd December 2019, we advised of the Capital Markets Authority of Uganda (CMA) issuance of a notice in the press (dated 21st November 2019) in which it cancelled ALTX East Africa’s approval to run an exchange in Uganda. A matter contesting the actions of CMA was filed in court, together with an application for a Mandatory Injunction against CMA’s action. We are pleased to notify all ALTX investors that the High Court considered our application and...

CMA has issued a cancellation of ALTX approval to operate an exchange in Uganda. In issuing a cancellation, CMA is purporting to exercise powers outside the scope of the CMA Act, imposing requirements that are unknown in the regulatory framework, and doing everything in its powers to kill innovation in the securities sector. ALTX shall seek legal redress. The reason for this action is not clearly spelt out by CMA, although recent actions were carried out on their requests made under Section 28(...

ALTX takes this opportunity to celebrate the recent announcement opening up Uganda’s bond market to Mobile Money subscribers. We applaud the Government, and Bank of Uganda (BOU), for joining ALTX in recognizing the potential of Mobile Money in our capital markets. Over the last year, ALTX has accepted Mobile Money payments for the purchase of securities. We are proud to be the first entity to do so, with minimum investments starting at just Ugx. 10,000 a week. This is in line with our mission...