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.

Uganda has set new conditions for telecommunications operators in the country in a move aimed at improving services, a top government official said on Tuesday.

Cipla Quality Chemical Industries Limited (USE:CQCIL), a pharmaceutical manufacturing company, yesterday listed on the Ugandan bourse after its oversubscribed IPO, which raised 166.5 billion Ugandan shillings.

Uganda has asked the local unit of South African telecoms giant MTN Group (JSE:MTN) to list some of its shares on the local stock exchange as a condition for renewing its operating licence, a top official has said.