Bank of Uganda con­cerned over the lack of new firm list­ings on USE

The East African - - THE MARKET WHISPERER -

The Bank of Uganda (BOU) has raised con­cern over the per­for­mance of Uganda’s Se­cu­ri­ties Ex­change (USE), which has failed to at­tract new list­ings. Deputy Gov­er­nor Dr Louis Kasek­ende said that an in­ves­ti­ga­tion should be car­ried out to iden­tify the ob­sta­cles hin­der­ing com­pa­nies from list­ing on the USE. “We recog­nise the im­por­tant con­tri­bu­tion that the USE is mak­ing to the de­vel­op­ment of the fi­nan­cial sys­tem and the econ­omy,” said Kasek­ende. “It is prov­ing dif­fi­cult to at­tract com­pa­nies to is­sue se­cu­ri­ties on the Ex­change. It would be use­ful to see more re­search into the ob­sta­cles that de­ter com­pa­nies from list­ing so that we are able to for­mu­late re­al­is­tic pol­icy so­lu­tions,” he added. Robert Bald­win, the chief ex­ec­u­tive of Crested, said the USE is cur­rently starved of ini­tial pub­lic of­fer­ings due to lack of in­ter­est to list by new is­suers.

Newspapers in English

Newspapers from Kenya

© PressReader. All rights reserved.