The Uganda Securities Exchange (USE) is Uganda's principal stock
exchange. It was founded in June 1997. The USE is operated under the
jurisdiction of Uganda's Capital Markets Authority, which in turn reports to
Uganda's central bank, the Bank of Uganda. The shareholders of the USE
constitute brokers/ dealers and investment advisers as stated in The Capital
Markets Authority Digest. "What is the Uganda Security Exchange?" pp 2.
The process of achieving sustainable securities exchange through a social
economic development particularly in Uganda-similar to many sub-Saharan
African countries faces a myriad of challenges and outright obstacles. This is
caused by weak capital markets, characterized by low investment levels and
shallow finance sector systems inhibiting efficient financing of the sector's
growth representing one of the challenges that should be addressed in the
developing and attaining of Uganda Securities Exchange (USE) aspirations.
Reliance on banks, on the other hand as a source of investible funds is
therefore not sufficient since they provide only expensive, short-term debt
financing rather than long-term. The concentration of banks in urban areas
has also constrained efforts to monetize savings. As a result, savings in rural
areas are held in real assets such as land and animals. As part of efforts to
promote sustainable growth, mobilize savings and broaden the availability of
funds for investment purposes, Uganda is actively promoting the
development of its capital markets industry. The ultimate role of Uganda's
capital market is to provide a means by which capital can be allocated
within the economy. As such, the government is encouraging the
development of the capital markets industry as a way of generating longterm capital for private sector development.
OJAO, L (2021). The impact of equity on growth and expansion of the stock exchange. A case study of uganda securities exchange. Afribary. Retrieved from https://afribary.com/works/the-impact-of-equity-on-growth-and-expansion-of-the-stock-exchange-a-case-study-of-uganda-securities-exchange
OJAO, LOROT "The impact of equity on growth and expansion of the stock exchange. A case study of uganda securities exchange" Afribary. Afribary, 11 Jun. 2021, https://afribary.com/works/the-impact-of-equity-on-growth-and-expansion-of-the-stock-exchange-a-case-study-of-uganda-securities-exchange. Accessed 19 Oct. 2021.
OJAO, LOROT . "The impact of equity on growth and expansion of the stock exchange. A case study of uganda securities exchange". Afribary, Afribary, 11 Jun. 2021. Web. 19 Oct. 2021. < https://afribary.com/works/the-impact-of-equity-on-growth-and-expansion-of-the-stock-exchange-a-case-study-of-uganda-securities-exchange >.
OJAO, LOROT . "The impact of equity on growth and expansion of the stock exchange. A case study of uganda securities exchange" Afribary (2021). Accessed October 19, 2021. https://afribary.com/works/the-impact-of-equity-on-growth-and-expansion-of-the-stock-exchange-a-case-study-of-uganda-securities-exchange