UGANDA STOCK MARKET GETS NEW CEO

KITAMIRIKE JOSEPH is the new Chief Executive Officer at Uganda's only Stock Market, he comes in from the National Housing Company of Uganda (NHCCU), He has sat the Uganda Clays Board for a longtime as well.
On the other note the man to Steer the Board is GODFREY TUMUSIIME. This ends the process of USE sourcing for Top Management which started in June 2010.

NIC Uganda to pay 10% Dividend

NIC is going to payout a dividend of 5.2/= per share for the period ending December 2010. NIC is paying out 2,113,630,000 Ugx for year end December 2009 compared to the previous year end at 1,225,094,000 Ugx a 72% increase in dividend payout.

A share cost investors 45/= at the recently held IPO in the first quarter of this year 2010, that translates into a 10% dividend payout to investors after taxes (10% withholding tax.
NIC’s price at the Stock Market has been static between 60/= and 63/= per share ever since it was listed on the 25th March 2010.