New law passed, gives Ugandan bourse nod to go public
The Uganda Securities Exchange can now alter its legal status from a private company limited by guarantee to a public company limited by shares. PHOTO | FILE
Uganda has passed new regulations to allow the public to own shares in the Uganda Securities Exchange. The move is part of a regional initiative aimed at promoting the unification of the East African stock exchanges.
Uganda will join Kenya and Tanzania among member states of the East African Community that have already opened up the ownership of their exchanges to the public.
