How 20pc share offer rule starves Uganda’s bourse of public listings
Stockbrokers trade on Uganda Securities Exchange. A rule that requires local companies to offer at least 20 per cent of their shares to the public before they are listed on the USE is keeping away large companies from listing. PHOTO | FILE | NATION MEDIA GROUP
A rule that requires local companies to offer at least 20 per cent of their shares to the public before they are listed on the Uganda Securities Exchange is keeping away large companies from listing.
According to industry sources, large companies operating in Uganda have majority ownership of between 85 per cent and 90 per cent held by big multinationals.
