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WHY ALTX WAS CLOSED: Capital Markets Authority (CMA) boss, Keith Kalyegira speaks out

Muhereza Kyamutetera Muhereza Kyamutetera

Capital Markets Authority (CMA) Chief Executive Officer, Keith Kalyegira believes ALTX was given an opportunity to make good of the issues raised and the action taken by the regulator was necessary to protect investors and keep market confidence

The High Court, on Thursday, 19th December 2019 temporality stopped Capital Markets Authority (CMA) from cancelling the license of ALTX East Africa Limited until the main suit, challenging the legality of the closure itself if heard and disposed of. In this earlier interview with CEO East Africa Magazine, CMA chief, Keith Kalyegira explains why ALTX East Africa was being shown the exit and dismisses claims that they were never given time to defend themselves.

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