Uganda Securities Exchange : Turnover declines despite price gains

Trading on the Uganda Securities Exchange (USE) slowed last week as turnover dropped to sh120.6m, well below the sh6.9b recorded the previous week.
1M | 3M | YTD | 1Y | 2Y |
+8.54% | +11.31% | +21.38% | +41.61% | +51.12% |
Value Traded (UGX) 32,309,521 |
Volume 127,705 |
Transactions - |
Market Cap. (Bln UGX) 31,620.64 |
Trading on the Uganda Securities Exchange (USE) slowed last week as turnover dropped to sh120.6m, well below the sh6.9b recorded the previous week.
MTN Uganda Limited has received shareholder approval for the proposed structural separation of its mobile money and fintech business, MTN Mobile Money (U) Limited (“MTN MoMo”).
MTN Uganda has announced a 14-day exit window for minority retail shareholders ahead of the planned separation of its Mobile Money business. This move is part of the company’s broader restructuring under MTN Group’s “Ambition 2025” strategy, which aims to transform MTN into a digital-first business by accelerating growth in financial technology across Africa.
2024 was a tough year for Umeme (USE:UMEM, NSE:UMME). As Uganda’s largest electricity distributor handed back its operations to the government, the company reported a UGX 511 billion loss, its worst performance in years. In 2023, Umeme had made a profit of UGX 11 billion.