Monitor scoops top Capital Markets Awards

Kampala

The Monitor Publications Limited was last week named the best media house at the 2010 Kikonyogo Capital Markets Awards for promoting capital markets and excelling in business and financial news reporting.

Commenting on the best media house Award, Daily Monitor Business Editor, Mr Dennis Kawuma said: “This underscores the fact that we are the prime newspaper when it comes to business and financial news coverage in Uganda. We will seek to get even better. ”

Mr Walter Wafula a business writer at the Daily Monitor won the overall award in the print category beating fellow journalists from the New Vision, Observer and other newspapers to scoop the award of best financial journalist in the country in the print category.

“Winning has made me realise that readers out there appreciate the quality of my work and that I have become a better journalist than I was last year. But I cannot rest on my success because the stakes are high,” Mr Wafula said.

The awards honour individuals and media houses that have excelled in promoting financial markets in Uganda through outstanding stories and writing. Mr Japheth Katto, the chief executive officer of the Capital Markets Authority said “We do this to emphasise the key role the media plays in creating awareness about capital markets in Uganda.”

He said this year’s Awards come at a time when financial markets are emerging from an economic slowdown as a result of the global financial crisis. “We are beginning to see a surge in share prices and trading volumes at the USE, which is a sign that investor confidence is returning. Notwithstanding the challenges, capital markets are progressing,” Mr Katto said.