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The CMA approves the offers of all securities to the public and licenses market professionals like broker-dealers, investment advisers, and fund managers.It licenses stock exchanges but has so far issued licences only to the Uganda Securities Exchange and ALTX East Africa Securities Exchange.
The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's central bank. [2] The exchange opened to trading in January 1998.
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The ALTX East Africa Exchange (ALTX) is a stock exchange in Uganda. The ALTX operates under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Government of Uganda. [1]
Keith Kalyegira is an accountant, administrator and civil servant in Uganda. He is the former chief executive officer of the Capital Markets Authority of Uganda. He was appointed to that position in November 2013, replacing Japheth Katto. [1]
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BOBU commenced operations in Uganda on 18 December 1953, initially as an overseas branch of BoB. On 1 November 1969, BOBU was incorporated in Uganda. In 1972, BOBU acquired the banking business of the Bank of India Uganda Limited, and the government of Uganda acquired a 49 percent shareholding in BOBU, leaving BoB with a 51 percent shareholding.
Since 1995, Uganda has experienced rapid economic growth, but it is not clear to what extent this positive development can be attributed to Structural Adjustment. [25] Uganda is a member of the World Trade Organization, since 1 January 1995 and a member of the General Agreement on Tariffs and Trade, from 25 October 1962. [26]