Uganda CMA woos industrialists to list stocks
![](/images/markets/use/use.jpg)
Uganda’s Capital Markets Authority and Uganda Manufacturers Association have signed an agreement to encourage manufacturers to list on the Uganda Securities Exchange (USE).
1M | 3M | YTD | 1Y | 2Y |
-5.14% | -4.01% | +17.93% | +2.02% | -9.21% |
Value Traded (UGX) 4,835,520 |
Volume 15,786 |
Transactions - |
Market Cap. (Bln UGX) 19,696.20 |
Uganda’s Capital Markets Authority and Uganda Manufacturers Association have signed an agreement to encourage manufacturers to list on the Uganda Securities Exchange (USE).
Fitch Ratings has affirmed Stanbic Bank Uganda Limited's Long-Term Issuer Default Rating (IDR) at 'B+'. This follows the downgrade of the bank's South Africa-based ultimate parent Standard Bank Group Limited (SBG: BB-/Negative) on 27 November 2020 (see Fitch Downgrades South African Banks to 'BB-'/Negative on Sovereign Downgrade). The Outlook remains Negative. SBU's Viability Rating (VR) is unaffected by this rating action.
The total market capitalisation of firms listed at the Uganda Securities Exchange fell to Ush4.27 trillion ($1.15 billion) in 2019/20, from Ush4.91 trillion ($1.32 billion) in 2018/19.
Uganda has opened a window for East Africans to buy shares in MTN Uganda (JSE:MTN, NGSE:MTNN) when the telecom operator sells its 20 percent equity stake on the local bourse.