FXPesa, A Subsidiary Of Equiti Group, Opens In Kampala, Uganda

May 22, 2023 - FXPesa, the retail trading arm of Equiti Group owned EGM Securities, has opened its first financial education centre in Uganda. The new FXPesa Academy is on the 7th Floor of Lumumba Avenue’s Rumee Building in Kampala.

Kampala’s FXPesa Academy will primarily focus on providing quality and free financial education seminars and money management training. It will also offer a wide range of valuable educational tools that will give Ugandans the knowledge they need to improve their financial literacy levels and empower them with practical skills to access and trade on the global markets.

FXPesa Academy is part of the global Equiti Group in Europe, the UK, the Middle East, Africa and the Asia Pacific region, with entities regulated and licensed by seven market regulators. The Equiti Group is a fintech firm that provides online technology for trading forex, ETFs, shares, indices, commodities and futures as CFDs. The company aims to deliver financial opportunities globally in progressive and emerging markets.

Over the past few months, FXPesa has delivered financial education to over 500,000 people in other locations in East Africa.

Monika Jurgenfeldt, Commercial Director for Equiti Group in Africa, said, “We are proud to launch FXPesa in Uganda and to support the country’s initiatives to uplift the quality of life for its people through improved levels of financial literacy.

“Through FXPesa’s education programmes, we want to equip Ugandans to make informed financial and economic decisions that improve their income levels and drive economic growth.

“We plan to use our new FXPesa Academy in Kampala as an entry point into Uganda. We want to build on its success and expand to other locations in this great country to provide more Ugandans with the same opportunity.

“FXPesa’s expansion into Uganda is in line with Equiti Group’s global growth strategy and investment in Uganda and the rest of Africa. As we expand our operations across Africa, we remain committed to providing accessible and reliable financial knowledge to communities across the continent."

Norbert Kiiza Barigye, Education Lead for FXPesa Academy in Uganda, said, “We are thrilled that FXPesa Academy chose Uganda to launch their latest centre in Africa.

“Ugandans are very excited at the opportunity to learn more about financial literacy related to improving their wealth. The learnings will include risk controls, how to generate income by online trading and the convenience of safe deposits and withdrawals using mobile money.

“The numerous programmes offered by FXPesa will empower Ugandans with the right tools - as well as knowledge - to take sustainable decisions in the financial markets space.”      

A team of FXPesa professionals based in Kampala will provide training and support backed by the group’s global team of experts with the required depth of knowledge and expertise. 

Equiti Group’s global footprint includes local offices in Europe, the UK, the Middle East, Africa, and the Asia Pacific regions and provides trading support and services on the world’s leading trading platforms MT4 and MT5.

Regulated entities within Equiti Group include Equiti Capital UK Ltd regulated by the UK’s Financial Conduct Authority, Equiti Securities Currencies Brokers LLC regulated and licensed by the UAE’s Securities and Commodities Authority, Equiti Group Limited Jordan, regulated and licensed by the Jordan Securities Commission, EGM Securities Ltd regulated and licensed by Kenya’s Capital Markets Authority, Equiti Brokerage (Seychelles) Limited, regulated and licensed by the Seychelles Financial Services Authority, Equiti AM CJSC regulated and licensed by the Central Bank of Armenia and Equiti Global Markets regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC).