After gaining regulatory approval in 2014, and depository approval last year, ALTX East Africa Ltd has today gone live with its new securities and derivatives exchange, regulated by the Capital Markets Authority of Uganda.

Ugandans now have an opportunity to trade government securities on a daily basis after the launch of an exchange platform by ALTX Africa.

Uganda’s stock exchange is paying the price for a weak economy that the country experienced in the second half of 2015 that partly contributed to reduced turnover during the year.

High interest rates charged on government securities and price valuation in some of the company shares have led to a decline in equity performance at Uganda Securities Exchange in the third quarter of 2015 compared with the same period last year.