The Uganda bourse has outdone Kenya to become the first in the region to roll out an online portal which allows investors to track their portfolio and buy shares during public offerings.
The Uganda Securities Exchange (USE) Wednesday launched the e-platform dubbed ‘Easy Portal’ as a strategy to ease access to real time trading information, cutting the journey to a stockbroker.
Other bourses in East Africa including the Nairobi Securities Exchange are also racing to launch similar portals to allow investors follow price changes, portfolio size, and statements in real time.
“The portal will provide an option for investors to take charge of their portfolio by personally monitoring their accounts. It is a self-service portfolio management solution,” said Paul Bwiso, chief executive at USE.
“The portal also provides an IPO application service for existing investors to participate in public offers.”
Kenyan investors with holdings at the Ugandan stock will find the digital shares platform a critical link to monitor their accounts and view statements from phones or computers.
The Kampala bourse has 16 listed companies, half of which are Kenyan firms cross-listed on the stock exchange.