Uganda Securities Exchange (USE) will start levying fees on market data early next year as it looks to diversify its revenue sources, following in the footsteps of the Nairobi bourse.
Investors and firms seeking to tap into daily market reports and statistics on the 17 firms trading on the bourse will from January be required to subscribe, with fees set at half those of the Nairobi Securities Exchange.
Kenyan firms such as KCB Group, Equity Group, East African Breweries, Nation Media Group, Kenya Airways, Jubilee Holdings, NIC Holdings, Centum Investments and Uchumi Supermarkets have crossed-listed on Uganda’s bourse. USE chief executive Paul Bwiso said in a notice on Wednesday that circulation of free market data will stop from January 15.
“This is in line with the company’s strategic objectives aimed at improving its performance and diversifying its revenue,” Mr Bwiso said.
