Quite unlike Kenyans, Ugandans are yet to embrace
equity investment. From elites to the common man,the interest is not just there.

A notable real estate tycoon quipped, "rather than use my money to buy stocks, I will rather list my company in Uganda stock exchange for people to bring funds to grow my business".
That is the mentality there.

When I added that he have opportunity to buy Kenyan cross listed companies in Uganda bourse, the tycoon retorted "I cannot give my money to Kenyans". No wonder most of the kenyan listed stocks in Uganda are not traded for weeks or days.

I hope this will not impact negatively on Umeme Ipo.
Most resident Ugandans prefer to buy their stocks from Nairobi bourse even if the same stocks are listed close by in USE.

I wonder what the problem is, is it investor education , or general apathy, or previous hearsay bitter experience? I understand dividend payment of Kenyan Listed stocks in USE is a big problem to cash.

I have taken position for long long term in SBU, NVL,NIC and DFCU. I would like to add Umeme to the portfolio for balancing reasons but I hope to buy in the bourse at much cheaper price. I keep my fingers crossed if it will be traded and will be available after the IPO. The only abundant equity to buy and sale is SBU, because it is very liquid thanks to bonus of bonuses it has issued in the past 2 years.


I believe USE authorities have tried their best, they have fully demolised fron paper certificate to electronic form. They have started E Dividend. I have recived EFT dividend of NVL and SBU. They operate at faster pace than NSE of 2004 (When CDSC commenced).

Nonetheles, something is wrong somewhere. I hope they won"t allow mzungus and foreigners to detect the pace of the market in the nearest future ?