Press Releases

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...

Today, ALTX East Africa Ltd goes live with its high tech exchange. The team led by CEO, Joseph Kitamirike has built the exchange since 2013, and spent most of the last eight months optimising their systems, aiming to deliver a world class securities exchange facility. The platform obtained regulatory approval in 2014 and depository approval was secured in 2015. Minister of Fiance, Matia Kasaija represented Vice President Edward K. Sekandi at the Launch ALTX East Africa is coming to the market...

After more than two years, ALTX East Africa Ltd will unveil its exchange to the press on 27th and 28th June 2016. For two days, members of the press will be given trading access on ALTX in order to experience the operation of a world-class exchange platform and the modern facilities available at ALTX. Joseph Kitamirike, CEO, Director and co-founder of ALTX East Africa said, ‘we take pride in reaching this milestone and we are pleased to share our celebration with the press and the public. The...

ALT Xchange Ltd (ALTX Uganda) today announced its intention to operate a securities and derivatives market, initially in Uganda, to service the East African region. ALTX Uganda will be a wholly owned subsidiary of the Mauritius-based ALTX Africa Group Ltd, which will be fully incorporated this month. ALTX also intends to develop a pan African footprint, providing a set of additional operating exchanges to facilitate both trading and clearing across the continent. The Board of the Capital...

ALT-Xchange Ltd (ALTX East Africa) today announced it's newly constituted Board of Directors. Following on to their earlier announcements of the GMEX Group taking a 25% stake in their parent company ALTX Africa Group Ltd and the announcement of a roadmap towards a launch, ALTX East Africa today announced the next milestone in that roadmap, the lineup of their Board of Directors. The Board members announced are Mr. Edward Katimbo Mugwanya (Chairman), Mr. Hirander Misra, Mr. Edward Burbidge, Mrs...

ALTX Clearing Ltd (ALTX Clearing) today announced its newly constituted Board of Directors. After announcing the Board of Directors of ALT Xchange in February 2015, the ALTX Africa Group today announced the make-up of the Board for ALTX Clearing. The Board members announced are Mr. Elias B. Kasozi (Chairman), Mr. Hirander Misra, Ms Sarah Irene Walusimbi, Mr. Richard Wood, Dr, Peter Takirambudde, Mr. Joseph S. Kitamirike, Mr. Jatin Jivram and Mr. Felix Okoboi. ALTX Clearing was founded to build...

GMEX Group today announced that it has acquired a 25% stake through its GMEX Technologies (GMEX TECH) subsidiary in the Mauritius-based ALTX Africa Group Ltd (ALTX). ALTX wholly owns ALT-Xchange Ltd (ALTX Uganda) and ALT-X Clearing Ltd (ALTX Clearing). ALTX is also in discussions with other strategic partners with a view to syndicating additional equity stakes to further drive its growth strategy. This acquisition extends the current successful partnership between GMEX TECH, and ALTX. GMEX TECH...