Business

2019 Fire awards:Crested capital shines as it wins for the fourth time consecutively

Robert Baldwin, Crested Capital’s Chief Executive Officer said,
This year’s awards were highly competitive! I am especially pleased that Crested’s annual report was recognized as the winner out of 5 entries in the stockbroker category.

By Nasser Kasozi

Joy as the staff of crested Capital shines as it wins the 9thEdition of Financial Reporting Awards (FiRe Awards) competition for the fourth time consecutively in the category of “Brokerage Organizations” for its outstanding achievement in Financial Reporting, at the event hosted by the Institute of Certified Public Accountants of Uganda (ICPAU), the Capital Markets Authority (CMA) and the Uganda Securities Exchange (USE).

The President of the Institute of CPA Uganda (ICPAU), CPA Fredrick Kibbedi, announced that they received a total of 106 entries this year. In his published remarks Mr. Kibbedi further noted,

“The committee received 46 new entries compared to 36 last year. We note that a number of entities skip subsequent years after their first participation. We encourage such organisations to always stay in touch as a way of learning better ways on how to implement the evaluator’s feedback which is shared with each participating organisation”.

The chairperson of the FiRe Awards Committee CPA Stephen Ineget noted that “there has been tremendous improvement in the quality of financial and business reporting… connected this with the feedback given to all FiRe award entrants as well as their efforts to see a change in the way financial reporting is done”.

Robert Baldwin, Crested Capital’s Chief Executive Officer said,

“This year’s awards were highly competitive! I am especially pleased that Crested’s annual report was recognized as the winner out of 5 entries in the stockbroker category.

Investors in Uganda’s capital markets benefit from greater transparency and accountability among market participants and I encourage all CMA licensees such as investment advisors, stockbrokers, and fund managers to enter next year’s the FiRe awards.

The FiRe Awards is an annual event whose aim is to promote best practices in financial reporting in Uganda. The theme for this year’s FiRe Awards was; “Redefining Organisational Success ” and

Crested Capital won an award for the fourth time since the creation of the Stockbroker Category in 2015.

About Crested Capital

Crested Capital are Members of the Uganda Securities Exchange licensed by the Capital Markets Authority to provide non-bank financial services including investment advice to individuals and companies, brokerage services, and dealing in equities and fixed income securities.

We are also licensed Tier 4 microfinance non-deposit taking institution. Crested produces world-class research and are regular contributors to Bloomberg, Factset, AGCO, Refinitiv, and Tellimer as well as the subscription agents for Economist magazine in Uganda.

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