ALTX East Africa’s Kitamirike contests Capital Markets Authority’s closure; to fight back

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Joseph Kitamirike, the Chief Executive Officer of the troubled securities trading firm, ALTX East Africa Limited has contested his firm closure by Capital Markets Authority (CMA), saying that the regulator did not follow the law. The regulator, in a 19th November, 2019 media notice announced that “pursuant to Section 24 (7) of the Capital Markets Authority Act, the Board of Capital Markets A