| Type | Stock Exchange |
|---|---|
| Industry | Finance |
| Founded | June 1997 |
| Headquarters | Kampala, Uganda |
| Key people | Charles Mbire, Chairman Joseph Kitamirike, Chief Executive Officer[1] |
| Products | Stock trading services |
| Employees | 16 |
| 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 June 2011[update], the USE trades fourteen (14) 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] Two new listings are expected by the end of Q1:2012.
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 underway to integrate the three to form a single East African bourse.
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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 All-Shares Index (ALSI) return of 74% between January and November 2010.[5]
As of November 2011[update]
| 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 | 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 Bank Group | Banking, Finance |
| 12. | NIC | National Insurance Corporation | Insurance, Banking |
| 13. | HFB | Housing Finance Bank (In 2012)[6] | Banking, Finance, Mortgages |
| 14. | TLW | Tullow Oil Plc. (In 2012)[7] | Oil exploration, Gas exploration |
| 15. | NMG | Nation Media Group[8] | Publishing, Printing, Broadcasting, Television |
| 16. | ICDC | Centum Investment Company Limited[9][10] | Investments, Private Equity, Real Estate |
| 17. | UMEME | Umeme (In 2012)[11] | Power distribution |