Uganda Stock Exchange was established with the aim of improving the economic condition of the country. The Stock Exchange is more commonly known as Uganda Securities Exchange. It was set up in June, 1997. The license was issued by the
Capital Markets Authority. The ensuing years saw the rapid growth of the Uganda Stock Exchange.
The year 1998 was the time when the first security listing of the Uganda Securities Exchange was done. It was the Ushs 10 billion 4 years East African Development Bank Bond. The 5 year Ushs 8.3 billion PTA Bond was listed in 1999.
Uganda Securities Exchange's first equity, the Uganda Clays Ltd. Share was on flotation and was also listed in 2000. The share of the British American Tobacco Ltd was on flotation in the same year.
The year 2001 saw the first cross border listing of the
Uganda Securities Exchange. The company was East African Breweries Ltd. The share of the Kenya Airways was the second cross border listing products in 2002. The same year saw the flotation and ultimately the listing of the shares of the Bank of Baroda, making it the first commercial bank to offer its listings on Uganda Securities Exchange.
The next year 2003 was th period when the first tranche was listed. It was also in this year that the USE All Share Index was launched. The first Government Bond to be a part of the
Uganda Securities Exchange list was the 2 year, Ushs 20 billion Uganda Government 20% Coupon Rate Treasury Bond in 2004.
The fast development of Uganda Securities Exchange is the sign of the improving economic structure of Uganda. The address of Uganda Securities Exchange is
4 Nile Avenue
EADB Building, Ground Floor
PO Box 23552
Kampala, Uganda.
