Uganda Securities Exchange

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Uganda Securities Exchange
Stock Exchange
Industry Finance
Founded June 1997
Headquarters Kampala, Uganda
Key people
Charles Mbire
Paul Bwiso[1]
Chief Executive Officer
Products Stock trading services
Slogan Building your investment portfolio
Website Homepage

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 July 2014, 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.[2]

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.[3] 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.[4] 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.[5]

Market listing[edit]

As of February 2015

Number Symbol Company Notes
1. BOBU Bank of Baroda (Uganda) Finance, Banking
2. BATU British American Tobacco Tobacco Products, Cigarettes
3. DFCU DFCU Group Finance, Banking
4. EABL East African Breweries Brewing, Beer, Gin, Spirits
5. JHL Jubilee Holdings Insurance
6. KA Kenya Airways Aviation
7. KCB KCB Group Finance, Banking
8. NVL New Vision Group Printing, Publishing, Broadcasting, Television
9. SBU Stanbic Bank (Uganda) Limited Finance, Banking
10. UCL Uganda Clays Limited Manufacturing, Construction Materials
11. EBL Equity Group Holdings Limited Banking, Finance
12. NIC National Insurance Corporation Insurance, Banking
13. UCHM Uchumi Supermarkets[6][7] Supermarkets
14. NMG Nation Media Group[8] Publishing, Printing, Broadcasting, Television
15. CENT Centum Investment Company Limited[9] Investments, Private Equity, Real Estate
16. UMEME Umeme[10][11] Power distribution

Notes on market listings[edit]

See also[edit]


  1. ^ Muhumuza, Mark Keith (20 February 2015). "USE Gets New Chief Executive". Daily Monitor (Kampala). Retrieved 20 February 2015. 
  2. ^ Wafula, Walter (31 December 2010). "USE To Increase Trading Days Next Year". Daily Monitor. Retrieved 6 June 2014. 
  3. ^ Ojambo, Fred (10 February 2011). "Centum of Kenya Starts Secondary Trading In Uganda". Bloomberg News ©2014 Bloomberg LP. All Rights Reserved. Retrieved 6 July 2014. 
  4. ^ Monteiro, Ana (3 January 2011). "Ugandan Bourse Plans to Expand Number of Trading Days, Daily Monitor Says". Bloomberg News Quoting Daily Monitor. Retrieved 6 July 2014. 
  5. ^ Oketch, Martin Luther (4 January 2011). "USE Leads Sub-Saharan Africa In All Shares Index 2010". Daily Monitor. Retrieved 6 July 2014. 
  6. ^ Mugabe, David (7 November 2012). "Corporate Deals To Stir Dull Market". New Vision. Retrieved 6 July 2014. 
  7. ^ Kulabako, Faridah (29 August 2013). "Uchumi To Cross-List At Uganda Bourse This Year". Daily Monitor. Retrieved 6 July 2014. 
  8. ^ Faridah Kulabako, and Walter Wafula (7 October 2010). "NMG To Cross-List In Uganda On October 19". Daily Monitor. 
  9. ^ Ojambo, Fred (29 December 2010). "Ugandan Exchange Approves Secondary Listing by Centum Investment of Kenya". Bloomberg News. Retrieved 6 July 2014. 
  10. ^ Ilungole, Stephen (2012). "USE Welcomes Umeme Listing". New Vision Mobile. Retrieved 6 July 2014. 
  11. ^ Mugalu, Moses (29 November 2012). "Umeme Lists Shares Today". The Observer (Uganda). Retrieved 6 July 2014. 
  12. ^ Kulabako, Faridah (31 January 2011). "Centum To Cross-List On USE". Daily Monitor. Retrieved 6 July 2014. 
  13. ^ Mugabe, David (18 June 2009). "KCB Offers 2 Billion Shares To Rwandans". New Vision. Retrieved 6 July 2014. 
  14. ^ Githaiga, Hellen (6 November 2013). "Uchumi To List On Kampala Bourse Wednesday". The EastAfrican. Retrieved 6 July 2014. 
  15. ^ Mugwe, David (1 August 2013). "Umeme Makes First Trade At Nairobi Stock Exchange". Retrieved 6 July 2014. 
  16. ^ Ngigi, George (11 February 2015). "Equity Debuts At The Rwanda Stock Exchange". Business Daily Africa (Nairobi). Retrieved 12 February 2015. 
  17. ^ Oketch, Martin Luther (17 February 2015). "They Promised To Sell Shares, What Happened?". Daily Monitor (Kampala). Retrieved 17 February 2015. 

External links[edit]