🇺🇬 Uganda Securities Exchange

The Capital Markets Authority expects to reap Non Tax Revenue of  1.15 billion Shillings from the listing of telecom giant MTN Uganda on the Uganda Securities Exchange. This was disclosed by the Chief Executive Officer of the authority Keith Kalyegira while appearing before the Finance Committee of Parliament on Wednesday afternoon.

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.