Uganda Securities Exchange
|Key people||Charles Mbire
Acting Chief Executive Officer
|Products||Stock trading services|
The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's central bank.
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.
As of November 2013[update], the USE trades 16 listed local and East African companies and has started the trading of fixed income instruments. The exchange, which is open five days a week, is a member of the African Stock Exchanges Association.
The USE operates in close association with the Dar es Salaam Stock Exchange in Tanzania, the Rwanda Stock Exchange and the Nairobi Stock Exchange in Kenya. Plans are underway to integrate the four exchanges to form a single East African bourse.
Trading takes place five days a week, Mondays through Fridays. During the first quarter of 2010, the Exchange adopted the Settlement and Clearing Depository (SCD) electronic trading system. Other electronic modalities are being considered for the exchange. In 2010 the Uganda Securities Exchange was the best performing stock exchange in Sub-Saharan Africa, with an ALSI (All-Shares Index) return of 74% between January and November 2010.
As of November 2013[update]
- East African Breweries and Kenya Airways are crosslisted at both the Nairobi Stock Exchange and the Dar es Salaam Stock Exchanges.
- Centum Investment Company Limited, Equity Bank Group and Jubilee Holdings are primarily listed on the Nairobi Stock Exchange, and are crosslisted on the Uganda Securities Exchange.
- Kenya Commercial Bank Group and Nation Media Group are primarily listed on the Nairobi Stock Exchange, and are crosslisted on the Uganda Securities Exchange, the Dar es Salaam Stock Exchange and on the Rwanda Stock Exchange.
- Uchumi Supermarkets, a regional supermarket retailer with headquarters in Nairobi, Kenya, listed on the Nairobi Stock Exchange, is crosslisted on the USE and the Rwanda Stock Exchange and plans to crosslist their shares on the Dar es Salaam Stock Exchange.
- Umeme, the largest electric power distributor in Uganda, primarily listed on the Uganda Securities Exchange, is crosslisted on the Nairobi Stock Exchange.
- Economy of Uganda
- List of stock exchanges
- List of African stock exchanges
- Nairobi Stock Exchange
- Dar es Salaam Stock Exchange
- Rwanda Over The Counter Exchange
- USE To Increase Trading Days
- Trading Takes Place Five Days Weekly Effective March 2011
- Ugandan Bourse To Expand Trading Days
- USE Leads Sub-Saharan Africa In All Shares Index 2010
- Housing Finance Bank To List Shares On USE
- Uchumi Expected To Crosslist On USE
- Uchumi Expected To Crosslist On USE In 2013
- Nation Media Group To Crosslist Effective 19 October 2010
- USE Approves Crosslisting of Centum Investments of Kenya
- Centum Shares Start Trading On 10 February 2011
- Umeme To List On USE In 2012
- Crane Bank To List On USE In 2014
- List of Kenyan Companies Crosslisted on The USE
- KCB Group to list on All Four East African Exchanges
- Nation Media Group Now Listed Across East Africa
- UCHUMI Crosslisted On USE Effective 13 November 2013
- Umeme Starts Trading On The Nairobi Stock Exchange
- Uganda Securities Exchange website
- African Securities Exchanges Association Homepage
- Members of The Governing Council of USE