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Article: Stock exchange is poised to open in Uganda. (Kampala Stock Exchange)
- Article from:
- African Business
- Article date:
- June 1, 1994
- Author:
CopyrightCOPYRIGHT 1994 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The long-awaited Kampala Stock Exchange - Uganda's first national stock exchange - is to be officially inaugurated before the 1994/95 budget is unveiled, in June.
Minister of Finance & Economic Planning Joash Mayanja Nkangi made the announcement in April at a one-day meeting with investors licensed by the government-sponsored Uganda Investment Authority (UIA) in Kampala.
"Arrangements should be made to launch the stock exchange officially in May or June, before this year's budget speech," the Minister confirmed.
Two merchant banks
Two foreign merchant banks operating in Uganda, he added, have indicated their eagerness to have some of their ...