Umeme makes first trade at NSE, electronic share transfer goes live
A customer care staff explains about different voltage metres at the Lugogo Umeme Centre in Kampala. Umeme shares on Wednesday traded for the very first time at the Nairobi bourse following the activation of the regional inter-depository transfer mechanism (RITM).
Uganda power distributor’s shares traded for the very first time on Wednesday at the Nairobi bourse, following the activation of the regional inter-depository transfer mechanism (RITM).
Umeme’s shares were cross-listed at the Nairobi Securities Exchange (NSE) seven months ago but the lack of an appropriate infrastructure to allow for the quick transfer of shares has hindered trading, despite the counter being one of the most traded at the Uganda Securities Exchange (USE).
