Author: Benson Bundi

Josephine Okui Ossiya is the new CEO of the Capital Markets Authority of Uganda. She takes over from Mr. Keith Kalyegira, who has held the office since 2013 when he replaced Mr. Japheth Katto, the authority’s first CEO, who served for 16 years. Ms Ossiya is an experienced accountant, having been a partner at Rona & Partners Certified Public Accountants. Her career in finance, audit, treasury management, risk management, general management, and board governance spans over two decades. She now makes history as the first female CEO of the CMA, joining an embarrassingly male-dominated board of 7. Before her appointment,…

As the Azimio la Umoja Coalition organizes a three-day wave of protests in Kenya, addressing the high cost of living, it is important to note that the impact of these demonstrations goes beyond just political discussion. While the opposition aims to pressure the government to lower living costs, it is crucial to acknowledge the negative effects these protests may have on ordinary citizens and their daily struggles amidst the unrest. Impact on Healthcare and Essential Services One of the gravest concerns arising from the ongoing demonstrations is the hindered access to healthcare services for impoverished families and vulnerable individuals. According…

An investment portfolio is a collection of financial investments that an individual or institution owns. It can include stocks, bonds, mutual funds, exchange-traded funds (ETFs), real estate, and other assets. The goal of an investment portfolio is to generate income and/or grow in value over time. The specific assets that are included in an investment portfolio will vary depending on the investor’s circumstances and goals. What is Asset Allocation? Asset allocation is the process of dividing your investment portfolio among different asset classes, such as stocks, bonds, and cash. The goal of asset allocation is to balance risk and reward…

Forex trading, also known as foreign exchange trading, has gained significant popularity in recent years. With its promises of immense wealth and financial independence, many people are attracted to the idea of making quick profits in the foreign exchange market. However, it is essential to understand that Forex trading is not a get-rich-quick scheme. It requires knowledge, experience, and a disciplined approach to achieve long-term success. Forex trading involves the buying and selling of currencies on the global market. Traders speculate on the price movements of various currency pairs, aiming to profit from the fluctuations in exchange rates. The appeal…

International oil prices increased during the week ending July 6, according to the Central Bank of Kenya (CBK) weekly bulletin. The hike was attributed to an increase in oil demand and reduced global supply by major oil exporters. Murban oil price increased to USD 77.66 per barrel on July 6 from USD 74.93 per barrel on June 29. In 2022, Murban oil accounted for about 63% of Kenya’s total crude oil imports. Despite the increase in global oil prices, Kenya’s economy grew by 5.3% in the first quarter of 2023, compared to 6.2 within a similar period last year. The…

Equity bank borrowers will start paying more for their loans from Monday, July 10, 2023. This is after the lender revised their loan rates to reflect the new Central Bank of Kenya (CBK) benchmark lending rates. In a notice, the bank notified its borrowers that its new lending rates stand at 14.69%, up from its former rates of 12.5%.  Consequently, borrowers will be expected to repay their loans at the new rates plus a margin based on their credit risk. The notice further stated that this would take effect on all new and existing Kenya shilling-denominated credit facilities. https://twitter.com/MwangoCapital/status/1676798600662351872?s=20 The…