The Uganda Securities Exchange (USE) was licensed to operate as an approved Stock Exchange in June 1997 by the Capital Markets Authority of Uganda. The USE began formal trading operations in January 1998 following the listing of its maiden instrument, the East African Development Bank (EADB) Bond. Currently the products listed on the Exchange include bonds and 9 equities (3 of the equities are cross listings).

CHRONOLOGICAL HISTORY OF THE EXCHANGE

1997:- The Licensing of the USE by the Capital Markets Authority of Uganda to operate as an approved Stock Exchange in June 1997.

1998:- The listing of USE’s first security, the Ushs 10 billion 4 year East African Development Bank (EADB) Bond in January 1998.

1999:- The listing of the 5 year Ushs 8.3 billion PTA Bond in March 1999.

2000:- The flotation and eventual listing of USE’s first equity, the Uganda Clays Ltd share on the 18th of January. UCL shares were 15% oversubscribed.

2000:- The flotation of the British American Tobacco (Uganda) Ltd –BATU share through the USE on 28th June. BATU shares were 5% oversubscribed and represented the second divestiture of government held shares in a company to take place through the Exchange.

2001:- The first ever cross border listing in the East African market occurred with the listing of East African Breweries Ltd (EABL) on the USE on 27th March. EABL is ranked among the top 10 companies on the Nairobi Stock Exchange (NSE) in terms of capitalization.

2002:- The listing of the Kenya Airways share on the USE on the 28th of March becoming USE’s second cross listed product. The shares currently have Blue chip status on the Nairobi Stock Exchange (NSE).

2002:- The first flotation of a commercial bank’s shares in Uganda occurred on the 2nd September, 2002 when Bank of Baroda offered 20% of its stock to the public through the USE. 80million shares were on sale in multiples of 100 at Ushs 600 per share. Its shares were 16.7 % oversubscribed (making it the best response so far)

2002:- Official listing of Bank of Baroda Uganda Ltd (BOBU) on the USE on 14th November making it the first financial institution to list on the USE.

2003:- The listing of the first tranche (Ushs 24 billion) of the Ushs 54 billion UTL Medium term Note on 16th September.

2003:- The Launch of the USE All Share Index on 23rd October 2003.

2004:- Official Listing of the 2 year, Ushs 20 billion Uganda Government 20% Coupon Rate Treasury Bond on January 15th making it the first Government Bond to be listed on the USE. Currently there are two 2 year bonds, two 3 year bonds, a 5 year bond and a 10 year bond listed on the stcok exchange. Please refer to our Listed Securities page for more information.

2004:- DFCU group goes public making it Uganda's second financial instituion to do so.

2004:- New Vision offers 20% of its shareholding for sale to the public, making it the fifth local company to conduct an IPO in the Ugandan market. NVL is officially listed on 16 Dec 2004.

2005:- The listing of the 8 year East African Development Bank (EADB) Bond in December 2005.

2006:- Official cross-listing of Jubilee Holdings Limited (JHL) on the USE on 14th February making it the first insurance institution to list on the USE.

2007:- Stanbic Bank Uganda is listed on the USE on 25 Jan following a successful IPO that was 200% over-subscribed.

2008:- Kenya Commercial Bank (KCB) is cross listed in Novemeber, USE hosts the annual ASEA conference and celebrates ten (10) years of existance

2009:- On the 18th of June, Equity Bank Limited (EBL) is cross-listed on USE.

2009:- September,17th - The listing of the Stanbic Bond