The Uganda Securities Exchange is Uganda's principal stock exchange. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to Uganda's central bank, the Bank of Uganda.
The exchange's doors opened to trading in January 1998. At the time, the Exchange had just one listing, a bond issued by the East African Development Bank. Trading was limited to only a handful of trades per week.
The USE currently trades Nine listed local and East African companies and has started the trading of Fixed Income instruments. The stock exchange is open 5 days a week and is a member of the African Stock Exchanges Association.
The USE operates in close association with the Dar-es-Salaam Stock Exchange in Tanzania and the Nairobi Stock Exchange in Kenya and plans are already underway to integrate the three to form a single East African bourse.
Trading
Trading takes place on Mondays, Tuesdays and Thursdays only. Trading is by use of the open outcry method. An automated trading platform is being considered.
Trading takes place on Mondays, Tuesdays and Thursdays only. Trading is by use of the open outcry method. An automated trading platform is being considered.
Founded June 1997
Headquarters Kampala
Key people Simon Rutega, CEOJudy Obitre Gama, Head, Legal & Surveillance
Headquarters Kampala
Key people Simon Rutega, CEOJudy Obitre Gama, Head, Legal & Surveillance
DepartmentHarriet Kiwanuka, Head, Trading Research & Market
Development DepartmentCalvin Simon Waibale, Head, Information
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