Capital Markets Authority Boss Receives 2006 ACCA Award

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The Chief Executive Officer of the Uganda Capital Markets Authority, Japheth Katto, has received the international Association of Chartered Certified Accountants Award for 2006.
A news release from ACCA says Katto was selected because he has been the driving force in nurturing Uganda's emerging capital markets, and has led the way in helping to demystify the concept of owning shares in a country that only ten years ago did not have a stock exchange. The work of the Capital Markets Authority has introduced a successful public education programme that includes a university challenge and the introduction of lessons on capital markets and corporate governance into the secondary school curriculum.
According to the statement, Under Katto, the Capital Markets Authority has grown in size and stature. It recently hosted a training programme for regulators from Africa and the Middle East and is now working on projects to develop professional standards for investment advisers and brokers and pensions reform.
Eight companies and 20 bonds are listed on the Uganda Securities Exchange, which was approved in 1997 by the Capital Markets Authority.