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Capital Markets Authority Empowers Investors for Safer and Smarter Investments

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Capital Markets Authority Empowers Investors for Safer and Smarter Investments
Capital Markets Authority Empowers Investors for Safer and Smarter Investments
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The Capital Markets Authority (CMA) of Uganda used the 7th World Investor Week, which runs from October 2 to 8, as an opportunity to educate investors about making wise investment choices and avoiding unnecessary losses.

During this week, the CMA organized various activities, including webinars and lectures, with the goal of providing better protection and education for investors.

World Investor Week is a global event where securities regulators from different countries come together to emphasize the importance of helping and safeguarding investors.

Keith Kalyegira, the outgoing CEO of CMA, stressed the CMA’s commitment to protecting and nurturing the country’s capital markets. He said, “We know that well-informed and protected investors are crucial for a healthy economy.”

Kalyegira also highlighted the significant role that capital markets play in a country’s economic growth. These markets provide businesses with access to funds and offer investors opportunities to save and grow their money. However, he emphasized that having informed and protected investors is essential to boost confidence and help them make the most of their savings.

Kalyegira advised investors to do research, choose licensed and regulated firms for their investments, be cautious of unsolicited investment offers, diversify their investments to reduce risks, and regularly check on their investments.

Throughout the week, the CMA engaged with university students, offering guidance on investing in Collective Investment Schemes. They also hosted webinars on investor resilience and fraud prevention. Additionally, they interacted with investment clubs to discuss various asset classes in the capital markets.

Dickson Ssembuya, the CMA’s Director of Research and Market Development, highlighted the importance of Collective Investment Schemes. He pointed out their benefits, including lower risk through pooling savings with others, the ability to invest in significant ventures even with limited savings, and favorable tax policies that exempt returns.

World Investor Week, an annual global campaign led by the International Organization of Securities Commissions (IOSCO), aims to highlight the importance of educating and protecting investors.

This campaign, which occurs every October, brings together financial institutions, regulatory bodies, and governments worldwide to empower and safeguard investors.