13.02.2015 - NSSF to buy bonds
The National Social Security Fund (NSSF) has unveiled plans to buy bonds of high growth potential start-ups on the Growth Enterprise Market Segment (GEMS). The fund intends to buy well-designed bonds on the alternative market and later sell the same to new investors through the stock exchange; the move is expected to bolster the segment. Richard Byarugaba, the NSSF managing director, told the media at Workers House that discussions have been held with the Capital Markets Authority (CMA) and the Uganda Securities Exchange (USE) on the prospects of the bonds. He revealed that separate discussions have been held with senior offi cials of Bank of Uganda about increasing the variety of investment instruments such as infrastructure bonds, like is currently available in Kenya and Rwanda...............................................Full Article: Source
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