The Uganda Securities Exchange, which was established in 1997, is run under the jurisdiction of the Capital Markets Authority, which reports to the Central Bank of Uganda.
The Exchange’s door opened to trading in January 1998. At the time, the Exchange had just one instrument, a bond issued by the East African Development Bank, with only a handful of trades.
Trading occurs Monday to Friday. There is no capital gains tax.
Companies which are expected to list are Uganda Commercial Bank, Uganda Grain Milling Ltd, National Insurance Company andganda Consolidated Properties.
In the longer term, Uganda hopes to link its exchange with those of Kenya and Tanzania, thus strengthening economic ties between the three countries.
There are a number of brokers on the Exchange.