News

Media & Updates

22 January 2021
MARKET NOTICE: CMA INVESTOR PERCEPTION SURVEY AND DEPOSITORY RECEIPTS ON KENYA TREASURY MARKET
Filed under: Market Notices
ALTX Clearing Ltd and ALTX East Africa (ALTX) wish to inform investors in the ALTX market that the Capital Markets Authority (CMA) has appointed a firm called Research World International to carry out an Investor Perception Survey. According to Research World International, this survey is intended for investors to provide their perceptions of licensed and approved parties like ourselves. When preparing to carry out this survey, CMA did not inform us of their intentions and did not render us the...
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PROSPECTUS FOR DEPOSITORY RECEIPTS COVERED BY KENYA GOVERNMENT DEBT SECURITIES ISSUED ON THE ALTX DEBT SECONDARY MARKET BY ALTX CLEARING LTD (UPDATE ON CONSULTANT FOR REGULATION AND COMPLIANCE)
20 January 2021
PROSPECTUS FOR DEPOSITORY RECEIPTS COVERED BY KENYA GOVERNMENT DEBT SECURITIES ISSUED ON THE ALTX DEBT SECONDARY MARKET BY ALTX CLEARING LTD (UPDATE ON CONSULTANT FOR REGULATION AND COMPLIANCE)
Filed under: Market Notices
ALTX Clearing Ltd and ALTX East Africa (ALTX) are pleased to inform investors that the Capital Markets Authority today advised that Ms. Rosette Comfort Kania joined the Authority as Director, Market Supervision. Ms. Kania is listed as Consultant Advisor for regulation and compliance to the issuer of the depository receipts referred to in the prospectus. In this role of consultant, Ms. Kania has been replaced by M/s Byenkya, Kihika and Co. Advocates, to whom the requisite services have been...
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APPROVAL OF THE PROSPECTUS TO ISSUE DEPOSITORY RECEIPTS COVERED BY KENYA GOVERNMENT DEBT SECURITIES ON THE ALTX DEBT SECONDARY MARKET BY ALTX CLEARING LTD
28 December 2020
APPROVAL OF THE PROSPECTUS TO ISSUE DEPOSITORY RECEIPTS COVERED BY KENYA GOVERNMENT DEBT SECURITIES ON THE ALTX DEBT SECONDARY MARKET BY ALTX CLEARING LTD
Filed under: Market Notices
ALTX Clearing Ltd and ALTX East Africa (ALTX) are pleased to announce that the prospectus for the issuance of Depository Receipts (DRs) covered by Kenya Government Debt Securities, the ALTX Debt DR Program, was approved on 10th December 2020 by the Capital Markets Authority of Uganda. This is the first time in East Africa that treasury debt exposure shall be traded on an exchange outside the country of original issue. The DRs are designed to increase the investment options available to...
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ALTX East Africa MARKET NOTICE - APPROVAL OF THE PROSPECTUS TO ISSUE EXCHANGE TRADED FUND SECURITIES ON THE UGANDA TREASURY DEBT SECONDARY MARKET BY TOLEA SECURITIES LTD
30 November 2020
MARKET NOTICE: APPROVAL OF THE PROSPECTUS TO ISSUE EXCHANGE TRADED FUND SECURITIES ON THE UGANDA TREASURY DEBT SECONDARY MARKET BY TOLEA SECURITIES LTD
Filed under: Market Notices
ALTX East Africa (ALTX) and Tolea Securities Ltd (Tolea) are pleased to announce that the prospectus for the issuance of Exchange Traded Funds (ETFs) on the Uganda Treasury Debt Secondary Market, the Tolea ETF Program, was approved on October 8th 2020 by the Capital Markets Authority of Uganda. The Tolea ETFs are the first of their kind in the Ugandan and East African markets. Composed of a carefully curated basket of government bonds, the ETF will offer investors in Uganda more investment...
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21 April 2020
MARKET NOTICE: UPDATE ON OUR RESPONSE TO THE CORONAVIRUS OUTBREAK
Filed under: Market Notices
We hope you and your loved ones are doing well. We wanted to update investors on our response to the Coronavirus outbreak and the directives issued by the president. Following the extension of lock-down measures for a further 21 days, the ALTX team continues to work from home. Therefore, your access to the market should remain uninterrupted. You can still access the following services to track your account and grow your investments: 1. View your online account summary on MyALTX 2. Invest via...
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01 April 2020
MARKET NOTICE: UPDATE ON ALTX DEVELOPMENTS FOLLOWING THE COURTS’ DECISIONS OF 28TH FEBRUARY 2020
Filed under: Market Notices
We wish to update ALTX investors, and the general public, who have approached us about the current status of our business and offerings following the High Court ruling that restored our right to operate a securities exchange in Uganda. In this notice we respond to the key questions that have been posed to us by ALTX investors and stakeholders. 1. HOW MANY RULINGS WERE MADE AGAINST THE CMA? The High Court ruled in two Judicial Review matters, one filed by Tolea Securities Ltd. against the...
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ALTX East Africa Working Remotely

ALTX East Africa Working Remotely

24 March 2020
OUR RESPONSE TO THE CORONAVIRUS OUTBREAK
Filed under: Press Releases
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...
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03 March 2020
MARKET NOTICE: HIGH COURT RULED IN FAVOUR OF ALTX EAST AFRICA
Filed under: Market Notices
ALTX East Africa is pleased to announce the positive outcome of our legal challenge against Capital Markets Authority (CMA). The High Court of Uganda sitting on 28th February 2020 ruled that CMA acted illegally in cancelling ALTX East Africa’s approval to operate an exchange in Uganda. Furthermore, the High Court issued an order of Certiorari quashing CMA’s actions. Justice Musa Sekaana stated in his ruling that judicial review was created to prevent regulators from substituting private,...
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23 December 2019
MARKET NOTICE: ALTX EAST AFRICA GRANTED A MANDATORY INJUNCTION BY HIGH COURT
Filed under: Market Notices
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...
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02 December 2019
MARKET NOTICE: WITHDRAWAL OF ALTX EAST AFRICA’S EXCHANGE APPROVAL
Filed under: Market Notices
Capital Markets Authority of Uganda (CMA) issued a notice in the press dated 21st November 2019 in which it cancelled ALTX East Africa’s approval to run an exchange in Uganda. The reasons for this cancellation are not supported by the law. We believe the CMA action itself was illegal, unconstitutional and unfair. A matter contesting the actions of CMA has been filed in court. We are fairly confident that the merits of the case filed are in our favour. All current investor holdings in our eco-...
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