{"id":38188,"date":"2022-10-04T19:54:28","date_gmt":"2022-10-04T19:54:28","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/fear-of-scrutiny-keeping-firms-away-from-capital-markets-expert"},"modified":"2022-10-04T20:32:28","modified_gmt":"2022-10-04T20:32:28","slug":"fear-of-scrutiny-keeping-firms-away-from-capital-markets-expert","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/fear-of-scrutiny-keeping-firms-away-from-capital-markets-expert","title":{"rendered":"Fear of scrutiny keeping firms away from capital markets – expert"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The fear of scrutiny continues to keep companies away from equity markets yet they are part of the cheapest sources of affordable capital, according to Mr Gibson Nangono, the IM Bank chief business officer.<\/p>\n

Speaking at a symposium organised by IM Bank for small and medium enterprises in Kampala last week, Mr Nangono said listing as a public company is akin to living in a glass house, \u201cbecause people want to know in detail the business they are investing in their savings\u201d.<\/p>\n

Therefore, he said, attracting equity partners puts responsibility on the business to do a lot of housekeeping such as being tax compliant, having proper governance structures and updated business projections.<\/p>\n

\u201cLooking at the above and knowing our culture as Africans where we keep everything private clearly shows there is a long way to go in terms of getting local firms to appreciate the benefits of capital markets,\u201d Mr Nangono said.<\/p>\n

Founded in 1997, the Uganda Securities Exchange has for years struggled to attract listings, boosting of only 18 listed companies, of which nine are local while the rest are cross listings.<\/p>\n

Capital markets provide capital for business growth but there has been challenges of attracting companies due in part to ignorance of how equity markets operate and low valuations in terms of operating capital.<\/p>\n

However, experts have also tagged the low participation to the fear of scrutiny that comes with being listed on the equity market. Equity markets are also largely dominated by institutional investors with very low participation from individual investors.<\/p>\n

Speaking at the same event, Mr Keneth Makanga, the BDO East Africa managing partner, said that because equity partners are long term investors, they will seek to understand the company, especially terms of transparency, with further scrutiny placed on financial records, governance structure and tax compliance.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The fear of scrutiny continues to keep companies away from equity markets yet they are part of the cheapest sources of affordable capital, according to Mr Gibson Nangono, the IM Bank chief business officer. Speaking at a symposium organised by IM Bank for small and medium enterprises in Kampala last week, Mr […]<\/p>\n","protected":false},"author":84,"featured_media":38187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,240,234],"class_list":["post-38188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nFear of scrutiny keeping firms away from capital markets - expert - Uganda<\/title>\n<meta name=\"description\" content=\"The fear of scrutiny continues to keep companies away from equity markets yet they are part of the cheapest sources of a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/fear-of-scrutiny-keeping-firms-away-from-capital-markets-expert\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fear of scrutiny keeping firms away from capital markets - 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