Post on 15-Sep-2015
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AN OPPORTUNITY TO GROW YOUR WEALTH
Although its easy to forget sometimes, a share is not
a lottery ticket its part-ownership of a business
PETER LYNCH Peter Lynch is an American businessman and stock investor.
Risk comes from not knowing what youre doing
WARREN BUFFET Warren Edward Buffett is an American business magnate, investor, and philanthropist.
QUOTE
Do Not Put All Your Eggs In One Basket!
Do not put all your savings in one investment, but build a diversified
portfolio of investments.
Capital Markets Authority is the regulator of the capital markets
industry
Stock/Securities Exchange is the market where securities are actually traded
Securities Central Depository is a system in which securities are deposited and kept in custody in book entry form other than
holding them as paper certificates
Broker/Dealers are agents who buy and sell securities on behalf of others and on their own account
Investment Advisers advise on the investment of financial securities
Collective investment schemes (Unit Trusts/Mutual Funds) are group or pooled investments managed by a fund/Unit Trust
manager
Key Players in Ugandas Capital Markets
SHARES
Shares
Shareholder
Understanding Shares
A share of
ownership in a
company
Owner of the
shares
Growth In Share Prices From IPO Share
Prices
1 This is an adjusted share price taking into consideration various corporate actions to ensure that the IPO price and the
current price are in the same units
* These prices have taken into consideration share splits and bonus issues
IPO Share Price (Ushs)
Share Price as at 5th June 2015
(Ushs)1
Return on Investment over the
period (%)
Compound Annual Growth Rate
(CAGR) of the Share Price(%)
Uganda Clays (IPO-2000) 4,000 18,000 350.00 11
BAT (U) Ltd (IPO-2000) 1,000 8,525 752.50 15
Bank of Baroda (U) Ltd (IPO-2002) 600 2,925 387.50 12.96
DFCU Group (IPO-2004) 230 2,253 879.35 23.05
New Vision Group (IPO-2004) 200 605 202.50 10.59
Stanbic Bank (U) Ltd (IPO-2006) 70 272 288.57 16.28
National Insurance Corporation (IPO-2009) 45 72.9 62.00 10.13
UMEME (IPO-2012) 245 470 91.84 24.25
Uganda Clays: Share Split
CORPORATE ACTIONS
Number Of Shares at IPO
Value of Shares at IPO (Ush)
No. Of shares after share split in 2006 of 10 for every one held
No. of shares after second
share split of 100 shares for every
share held
Value of shares as at 30th April 2015
1,000 4,000,000 10,000 1,000,000 18,000,000
Bank of Baroda: Share Splits & Bonus Issues
CORPORATE ACTIONS
Number Of Shares at IPO
Value of Shares at IPO (Ush)
No. of shares after share split of 10 shares for
every 1 share held in 2008
No. of shares after bonus issue of 1.5 shares for
every 1 share held in in
2011
No. of shares after bonus issue of 1.5 shares for
every 1 share held in 2012
Value of shares as at 30th April
2015 (Ush)
1,000 600,000 10,000 25,000 62,500 8,125,000
DFCU Bank: Bonus Issue
CORPORATE ACTIONS
Number Of Shares at IPO
Value of Shares at IPO (Ush)
No. of shares after bonus
issue of 1 share for every 4
shares held in 2005
No. of shares after bonus
issue of 1 share for every share
held in 2014
Value of shares s at 30th April 2015
(Ush)
1,000 230,000 1,250 2,500 2,232,500
Stanbic Bank: Bonus Shares
CORPORATE ACTIONS
Number Of Shares at IPO
Value of Shares at IPO
(Ush)
No. of shares after bonus
issue of 1 share for every share
held in 2011
No. of shares after second
bonus issue of 4 shares for every
share held in 2012
Value of shares as at 30th April 2015
(Ush)
1,000 70,000 2,000 10,000 340,000
NIC: Rights Issue and Bonus Shares
CORPORATE ACTIONS
Number Of Shares at IPO
Value of Shares at IPO (Ush)
No. of shares after rights issue of 4
shares for every 5 shares held
No. of shares after bonus issue of 1.38
shares for every share held
Value of shares as at 30th April 2015
(Ush)
1,000 45,000 1,800 4,284 72,828
Uganda Clays Share Price Movement (Ushs)
- 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000
100,000 110,000 120,000 130,000 140,000 150,000 160,000 170,000 180,000 190,000 200,000 210,000 220,000 230,000 240,000 250,000 260,000 270,000
IPO
Pri
ce
24-A
ug
-00
13-
No
v-0
1
12-
No
v-0
2
4-N
ov
-03
8-F
eb-0
5
19-
Jul-
05
3-J
an
-06
3-J
ul-
06
17-
Oct
-06
12-
Ma
r-0
7
26-
Jun
-07
8-O
ct-0
7
4-F
eb-0
8
22-
Ma
y-0
8
9-S
ep-0
8
5-Ja
n-0
9
21-
Ap
r-09
4-A
ug
-09
16-
No
v-0
9
4-M
ar-
10
8-J
ul-
10
19-
Oct
-10
15-
Feb
-11
2-M
ay
-11
7-J
ul-
11
8-S
ep-1
1
9-N
ov
-11
11-
Jan
-12
15-
Ma
r-1
2
21-
Ma
y-1
2
20-J
ul-
12
20-
Sep
-12
6-D
ec-1
2
12-
Feb
-13
18-
Ap
r-13
21-
Jun
-13
23-
Au
g-1
3
28-
Oct
-13
31-
Dec
-13
4-M
ar-
14
8-M
ay
-14
11-
Jul-
14
12-
Sep
-14
14-
No
v-1
4
21-
Jan
-15
25-M
ar-1
5
29-
Ma
y-1
5
BAT Share Price Movement (Ushs)
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
8,000
8,500
9,000
IPO
Pri
ce
26-
Ap
r-01
1-A
ug
-02
1-M
ar-
05
4-A
ug
-05
5-J
an
-06
27-
Jun
-06
3-O
ct-0
6
19-
Feb
-07
31-
Ma
y-0
7
4-S
ep-0
7
13-
Dec
-07
1-A
pr-
08
15-
Jul-
08
27-
Oct
-08
10-
Feb
-09
19-
Ma
y-0
9
25-
Au
g-0
9
30-
No
v-0
9
15-
Ma
r-1
0
8-J
ul-
10
12-
Oct
-10
1-F
eb-1
1
15-
Ap
r-11
21-
Jun
-11
17-
Au
g-1
1
14-
Oct
-11
12-
Dec
-11
9-F
eb-1
2
11-
Ap
r-12
8-J
un
-12
6-A
ug
-12
2-O
ct-1
2
13-
Dec
-12
14-
Feb
-13
17-
Ap
r-13
17-
Jun
-13
14-A
ug
-13
11-
Oct
-13
10-
Dec
-13
10-
Feb
-14
8-A
pr-
14
11-
Jun
-14
8-A
ug
-14
6-O
ct-1
4
4-D
ec-1
4
5-F
eb-1
5
7-A
pr-
15
5-J
un
-15
Bank of Baroda Share Price Movement (Ushs)
- 500
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500 8,000 8,500 9,000 9,500
10,000 10,500 11,000 11,500 12,000 12,500 13,000
IPO
Pri
ce
6-M
ay
-04
10-
Ma
y-0
5
20-
Oct
-05
27-
Ap
r-06
5-S
ep-0
6
1-F
eb-0
7
24-
Ma
y-0
7
6-S
ep-0
7
7-J
an
-08
22-
Ap
r-08
12-
Au
g-0
8
4-D
ec-0
8
30-
Ma
r-0
9
16-
Jul-
09
29-
Oct
-09
18-
Feb
-10
28-
Jun
-10
11-
Oct
-10
8-F
eb-1
1
28-
Ap
r-11
6-J
ul-
11
8-S
ep-1
1
10-
No
v-1
1
13-
Jan
-12
20-
Ma
r-1
2
25-
Ma
y-1
2
27-
Jul-
12
28-
Sep
-12
17-
Dec
-12
22-
Feb
-13
2-M
ay
-13
5-J
ul-
13
9-S
ep-1
3
13-
No
v-1
3
20-
Jan
-14
24-
Ma
r-1
4
29-
Ma
y-1
4
5-A
ug
-14
7-O
ct-1
4
11-
Dec
-14
18-
Feb
-15
24-
Ap
r-15
DFCU Share Price Movement (Ushs)
-
500
1,000
1,500
2,000
2,500
IPO
Pri
ce
5-A
pr-
05
30-
Au
g-0
5
2-F
eb-0
6
10-
Jul-
06
16-
Oct
-06
26-
Feb
-07
5-J
un
-07
6-S
ep-0
7
13-
Dec
-07
31-
Ma
r-0
8
8-J
ul-
08
16-
Oct
-08
29-
Jan
-09
5-M
ay
-09
10-
Au
g-0
9
10-
No
v-0
9
18-
Feb
-10
15-
Jun
-10
16-
Sep
-10
4-J
an
-11
29-
Ma
r-1
1
30-
Ma
y-1
1
27-
Jul-
11
22-
Sep
-11
17-
No
v-1
1
13-
Jan
-12
13-
Ma
r-1
2
11-
Ma
y-1
2
6-J
ul-
12
31-
Au
g-1
2
7-N
ov
-12
10-
Jan
-13
11-
Ma
r-1
3
9-M
ay
-13
5-J
ul-
13
2-S
ep-1
3
30-
Oct
-13
27-
Dec
-13
24-
Feb
-14
23-A
pr-
14
23-
Jun
-14
19-
Au
g-1
4
15-
Oct
-14
11-D
ec-1
4
11-
Feb
-15
10-
Ap
r-15
New Vision Share Price Movement (Ushs)
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
2,600
2,800
IPO
Pri
ce
26-
Ma
y-0
5
18-
Oct
-05
30-M
ar-0
6
7-A
ug
-06
16-
No
v-0
6
22-
Ma
r-0
7
26-
Jun
-07
25-
Sep
-07
10-
Jan
-08
14-
Ap
r-08
21-
Jul-
08
27-
Oct
-08
5-F
eb-0
9
11-
Ma
y-0
9
11-
Au
g-0
9
10-
No
v-0
9
16-
Feb
-10
10-
Jun
-10
9-S
ep-1
0
27-
Dec
-10
22-
Ma
r-1
1
19-
Ma
y-1
1
18-
Jul-
11
12-
Sep
-11
4-N
ov
-11
30-
Dec
-11
24-
Feb
-12
24-A
pr-
12
19-
Jun
-12
13-
Au
g-1
2
5-O
ct-1
2
14-
Dec
-12
13-
Feb
-13
12-
Ap
r-13
10-
Jun
-13
2-A
ug
-13
27-
Sep
-13
25-
No
v-1
3
22-
Jan
-14
18-
Ma
r-1
4
15-
Ma
y-1
4
11-
Jul-
14
5-S
ep-1
4
31-
Oct
-14
30-
Dec
-14
25-
Feb
-15
23-
Ap
r-15
Stanbic Bank Share Price Movement (Ushs)
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
2,600
2,800
IPO
Pri
ce
24-
Ma
y-0
5
11-
Oct
-05
16-
Ma
r-0
6
27-
Jul-
06
2-N
ov
-06
6-M
ar-
07
11-
Jun
-07
6-S
ep-0
7
10-
Dec
-07
18-
Ma
r-0
8
24-J
un
-08
23-
Sep
-08
5-J
an
-09
6-A
pr-
09
7-J
ul-
09
5-O
ct-0
9
5-J
an
-10
27-
Ap
r-10
27-
Jul-
10
25-
Oct
-10
7-F
eb-1
1
14-
Ap
r-11
15-
Jun
-11
8-A
ug
-11
30-
Sep
-11
23-
No
v-1
1
17-
Jan
-12
13-M
ar-1
2
9-M
ay
-12
2-J
ul-
12
23-
Au
g-1
2
23-
Oct
-12
24-
Dec
-12
20-F
eb-1
3
18-
Ap
r-13
13-
Jun
-13
6-A
ug
-13
30-
Sep
-13
25-
No
v-1
3
21-
Jan
-14
14-
Ma
r-1
4
12-
Ma
y-1
4
7-J
ul-
14
29-
Au
g-1
4
23-
Oct
-14
17-
Dec
-14
13-
Feb
-15
10-
Ap
r-15
5-J
un
-15
National Insurance Corporation Share Price
Movement (Ushs)
-
20
40
60
80
IPO
Pri
ce
8-J
un
-10
3-A
ug
-10
28-
Sep
-10
25-
No
v-1
0
3-F
eb-1
1
24-
Ma
r-1
1
29-
Ap
r-11
7-J
un
-11
12-
Jul-
11
15-
Au
g-1
1
19-
Sep
-11
21-
Oct
-11
24-
No
v-1
1
29-D
ec-1
1
2-F
eb-1
2
7-M
ar-
12
13-
Ap
r-12
18-
Ma
y-1
2
21-
Jun
-12
25-
Jul-
12
28-
Au
g-1
2
1-O
ct-1
2
16-
No
v-1
2
21-
Dec
-12
29-
Jan
-13
5-M
ar-
13
11-
Ap
r-13
16-
Ma
y-1
3
20-
Jun
-13
24-
Jul-
13
28-
Au
g-1
3
1-O
ct-1
3
6-N
ov
-13
10-
Dec
-13
16-J
an-1
4
19-
Feb
-14
25-
Ma
r-1
4
30-
Ap
r-14
5-J
un
-14
10-
Jul-
14
14-
Au
g-1
4
17-
Sep
-14
22-
Oct
-14
25-
No
v-1
4
2-J
an
-15
6-F
eb-1
5
12-
Ma
r-1
5
17-
Ap
r-15
22-
Ma
y-1
5
Trends in the UMEME Share Price Movement
(Ushs)
-
100
200
300
400
500
600
IPO
Pri
ce
18-
Dec
-12
9-J
an
-13
28-
Jan
-13
15-
Feb
-13
6-M
ar-
13
26-
Ma
r-1
3
16-
Ap
r-13
6-M
ay
-13
23-
Ma
y-1
3
12-
Jun
-13
1-J
ul-
13
18-
Jul-
13
6-A
ug
-13
26-
Au
g-1
3
12-
Sep
-13
1-O
ct-1
3
22-
Oct
-13
8-N
ov
-13
27-
No
v-1
3
16-
Dec
-13
7-J
an
-14
24-
Jan
-14
12-
Feb
-14
3-M
ar-
14
20-
Ma
r-1
4
8-A
pr-
14
29-
Ap
r-14
19-
Ma
y-1
4
6-J
un
-14
26-
Jun
-14
15-
Jul-
14
4-A
ug
-14
21-
Au
g-1
4
9-S
ep-1
4
26-
Sep
-14
16-
Oct
-14
4-N
ov
-14
21-
No
v-1
4
11-
Dec
-14
2-J
an
-15
21-
Jan
-15
10-
Feb
-15
27-
Feb
-15
18-
Ma
r-1
5
8-A
pr-
15
27-
Ap
r-15
15-
Ma
y-1
5
4-J
un
-15
INVESTING IN SHARES:
SELECT COUNTERS
FROM THE NAIROBI
SECURITIES EXCHANGE
(NSE)
GROWTH IN SHARE PRICES FROM IPO FOR
SELECTED COUNTERS AT THE NSE
3 This is an adjusted share price taking into consideration various corporate actions to ensure that the IPO price and the
current price are in the same units
IPO Share Price (U$ $) Share Price as at 24th April
2015 (U$ )3 Return on Investment over the
period (%) Compound Annual Growth Rate
(CAGR) of the Share Price(%)
Kenya Commercial Bank (IPO-1988) 1.13 51.96 4498.16 15.23
HFCK Bank (IPO 1992) 0.22 2.65 1103.41 11.43
Uchumi Holdings (IPO-1993) 0.25 1.13 353.23 7.10
NIC Bank (IPO-1994) 0.94 9.08 866.06 11.40
Kenya Airways (IPO-1996) 0.2 0.26 29.64 1.39
ARM Mining (IPO 1997) 0.21 5.27 2409.54 19.61
TPS Serena (IPO-1997) 0.22 1.79 711.62 12.35
Equity Bank Limited (Introduction-2006) 0.97 20.48 2011.43 40.34
Kengen (IPO 2006) 0.17 0.11 -36.78 (4.72)
Scangroup (IPO 2006) 0.15 1.04 592.01 24.00
Kenya Re-insurance (IPO-2007) 0.14 0.23 61.50 6.40
Co-operative Bank (IPO 2008) 0.14 0.32 131.09 12.54
Safaricom (IPO 2008) 0.07 0.22 213.70 17.77
British American Investment Company (IPO 2011) 0.10 0.20 101.88 18.92
One can make money in shares in two ways:
Dividend income,
Appreciation in price (Capital Gains)
The amount of income one earns from an investment in shares depends on:
How much profit the company makes
The dividends declared
How many shares one owns
How Do I Make Money In Shares?
REAL ESTATE Products: Land, Real Estate Development for sale or Rental
Advantages: Higher returns on principal capital/investment
over the long-term, in most cases beats/outperforms inflation
Disadvantages: Higher risks over the short-term, Illiquid,
supervision required, very limited or no transparency, high
probability of investment fraud
Why Invest In Shares? An Asset Comparison
FIXED INCOME Products: Fixed Deposits, Treasury Bills, Treasury Bonds
,Corporate Bonds and Money Lending
Advantages: Low to moderate returns on principal
capital/investment , very low probability of loosing the Principal
Capital/investment, regular fixed income payments, liquid with the
exception of money lending, no supervision is required,
transparent, low probability of investment fraud
Disadvantages: Probability of default for private borrowers but
unlikely for Treasury instruments & fixed deposits, rarely
beats/outperforms inflation
Why Invest In Shares? An Asset Comparison
SHARES Products: Companies listed on the Uganda Securities Exchange
& Nairobi Securities Exchange
Advantages: Higher returns on principal capital/investment
over the long-term, in most cases beats/outperforms inflation,
no supervision required, transparent, liquid, low probability of
investment fraud
Disadvantages: Higher risks over the short-term, rank last in
priority in case of liquidation
Why Invest In Shares? An Asset Comparison
You can invest in shares through the:
Primary Market (Initial Public Offer): This when a company sells its shares to the Public for the first time.
The IPO is for a limited time usually 30 days (one
month).
Secondary Market: This is when you buy or sell shares already listed on the Uganda Securities Exchange
When can I Invest in Shares?
To invest in shares one is first required to have a
Securities Central Depository (SCD) account which is
an electronic entry of ones shares. SCD accounts are opened with broker/dealers licensed by CMA
Before you buy or sell shares make sure you complete a Purchase/Sale Order Form with your Broker/Dealer
HOW Can I Invest In Shares?
How Much It Will Cost Me To Buy Or Sell Shares?
Share prices are published by the Uganda Securities Exchange (USE) on its website and some times in the Daily New Vision and Daily Monitor newspapers.
You can also follow the share prices at the end of the 9pm News Bulletin on NTV Uganda and WBS Television
You can only buy or sell not less than 100 shares
Share Price (Ushs) As at 17th July 2014
Minimum Investment (Ushs) Incl. 2% Brokerage commission &
0.1% SCD levy
BAT 6,500 786,500
BOBU 110 13,310
CENT 1,228 148,588
DFCU 1,220 147,620
EABL 8,961 1,084,281
EBL 1,347 162,987
JHL 12,027 1,455,267
KA 302 36,542
KCB 1,593 192,753
NIC 25 3,025
NMG 9,169 1,109,449
NVL 590 71,390
SBU 30 3,630
UCHM 357 43,197
UCL 20 2,420
UMEME 390 47,190
COLLECTIVE INVESTMENT
SCHEMES
If you do not have sufficient funds to invest in shares
through your broker/dealer, you can invest with other investors through a collective investment scheme managed by a Unit Trust Manager licensed by CMA.
There are currently three (3) licensed Unit Trust Managers. The minimum investment threshold varies from manager to manager.
The lowest minimum investment threshold among the three managers is Ushs 100,000
Collective Investment Schemes
Returns on Investment in UAP CISs
Fund Effective Annual Rate of Return (%)
UAP Money Market Fund 10.14 %
UAP Umbrella Fund 11.83 %
UAP Balanced Fund 9.98%
Collective Investment Schemes
Annualized Rate of Return since inception in January 2014
BONDS
Bonds Defined A bond is like
commercial
bank loan
where the
Borrower pays
regular
interest and or
part principal
payments until
the bond
Matures
Bonds can either
be Corporate
Bonds for Private
Companies or
Treasury
Bonds/Bills for
Government
BOND
Receive Regular
Interest Payments &
or Part Principal
Payments
Principal Paid
at Maturity
A Bond has Three Major Components:
FACE VALUE (also called par value): This is the value of the bond as given on the certificate or instrument. This is the value the bond holder will receive at maturity unless the issuer defaults. The bond can be bought at par value, premium or discount.
A COUPON RATE: This is the annual rate of interest payable on the bond. This is in most cases paid in two installments every six months. The rate can be fixed or floating pegged on an agreed treasury bill or treasury bond rate.
MATURITY: This is the date upon which the issuer pays back the face value of the bond.
How a Bond Works
Prices, Interest Rates & Yields
If you buy a new bond and plan to keep it to maturity, changing bond prices, interest rates, and yields typically
do not affect you, unless the bond is called.
However when you buy or sell an existing bond in the secondary market, the price investors are actually willing
to pay for the bond may fluctuate. And the bond's yield,
or the expected return on the bond, may also change.
How a Bond Works
How a Bond Works:
Bond Price Vs Interest Rates
The price
investors are
willing to pay
for a bond is
affected
largely by
prevailing
interest rates.
Buyers look
for a low
price.
Bond Price
Prevailing Market Interest Rates
Bond Price
Prevailing Market Interest Rates
Corporate bonds can be bought in the primary market through
designated agents and in the secondary market on the Uganda
Securities Exchange through licensed broker/dealers
In the primary market the minimum investment in corporate bonds has ranged from Ushs 10 million to 200 million
Treasury bonds/bills can be bought from designated primary dealers (commercial banks) in both the primary and secondary
markets
There are currently five designated primary dealers; Stanbic Bank, Standard Chartered Bank, Barclays Bank, DFCU Bank, Centenary
Rural Development Bank, Bank of Baroda and Crane Bank
How a Bond Works: Trading
Performance of Corporate Bond and Treasury Bill
Investments (%)
0
5
10
15
20
25Trends in Corporate Bond, Treasury Bills, Saving and Time
Deposit Rates (%)
Corporate Bond Coupon Average Floating Rate Savings deposits 182 Days Treasury Bill 364 Days Treasury Bill
OFF-SHORE PRODUCTS
There are some licensed investment advisors who market off-
shore investment products
These products are usually Foreign Mutual Funds
One major advantage of off-shore products is the opportunity for diversification they provide
However one needs to be mindful of the following when investing in Off-shore products
The products should be regulated products
Preferably the regulator of the home market should be a member of the International Organisation of Securities
Commissions (IOSCO)
Foreign Exchange Risk
Off-Shore Products
NUGGETS OF INVESTMENT WISDOM
Nuggets of Investment Wisdom
ALWAYS endeavor to SEEK out for information about the company you are
invested in
Monitor the SHARE PRICE of the company you are invested in on the
USE WEBSITE or in the NEWSPAPER
DAILIES
Seek out for RESEARCH REPORTS on the companies listed on the USE or NSE
from your Broker
Share prices CAN GO UP OR GO DOWN but therein lies the opportunity
to make money
Aim to invest at least 5% of your total net-worth in
the capital markets over the next three years
The investment can be gradual with an increment every year until you attain the 5% threshold
This is going to be a journey that will require COURAGE and PATIENCE but its worth taking for your own sake and for the sake of your children
Nuggets of Investment Wisdom
IMPORTANT CONTACTS
Capital Markets Authority Contact Person: Mr. Charles Nsamba Plot 14 Parliament Avenue, 8th Floor
Jubilee Insurance Centre
Tel. 0414-342788/791, 0312-264950/1
Email: info@cmauganda.co.ug
research@cmauganda.co.ug
Website: www.cmauganda.co.ug
Uganda Securities
Exchange/Securities Central
Depository
Contact Person: Mr. Paul Bwiso
Plot 71/73 Kampala Road (Opposite
Biplous), 4th Floor Prism Building
Tel. 0414-343297/342818
Email: info@use.or.ug
Website: www.use.or.ug
CMA & USE/SCD
Capital Markets Authority- Uganda
#cmauganda
CMA Uganda
African Alliance (U) Ltd Contact Person: Mr. Kenneth Kitariko Plot 1 Pilkington Rd, 1st Floor Workers House Tel. 0414-235577/0417-777720
Email: info@africanalliance.co.ug
Crested Stocks and Securities Ltd Contact Person: Mr. Robert Baldwin
Plot 13/15 Kimathi Avenue, 6th Floor Impala House
Tel. 0414-230900
Email: info@crestedsecurities.com
Crane Financial Services Ltd
Contact Person: Mr. Vivek Sharma
Plot 38 Kampala Rd, Crane Chambers
Tel. 0414-341414/345345
Email: cfs@cranefinancialservices.com
Equity Stock Brokers Limited Contact Person: Ms. Gloria Kangabe
Plot 6/6A Orient Plaza
Tel. 0414-236012/3/4/5
Email: equity@orient-bank.com
LICENSED BROKER/DEALERS
Standard Bank Group Securities
Contact Person: Mr. Joram Ongura
Plot 17 Hannington Rd, 4th Floor Crested Towers (Short
Tower)
Tel. 0414-715460/0312-224600/0312-224985
Email: mburuc@stanbic.com
Dyer & Blair Contact Person: Mr. Edward Serunjogi
Ground Floor, Rwenzori House
Tel. 0414-233050/0312-265469
Email: sharesuganda@dyerandblair.com
Baroda Capital Markets
Ltd
Contact Person: Mr. Avinash Kumar Sahani
Plot 18 Kampala Rd
Tel. 0414-233680/3
Email: barodacapitalmarket@gmail.com
LICENSED BROKER/DEALERS
STANLIB Uganda Ltd Contact Person: Ms. Annette Rumanyika Mulira Plot 17 Hannington Rd, 4th Floor Crested Towers
(Short Tower)
Tel. 0312-224322/600
Email: customercare.uganda@stanlib.com
ICEA Investment
Services Ltd
Contact Person: Mr. Robert Katabaire
Rwenzori Courts
Tel. 0414-347535/0414-232337
Email: icea@africaonline.co.ug
UAP Financial Services Contact Person: Mr. Patrick Ndonye
1st Floor, Communications House
Tel. 0414-332743/0312-370290/0312-332743
Email: financialservices@uap.co.ug , info@uap.co.ug
LICENSED UNIT TRUST MANAGERS
Profin Group (Uganda) Limited
Contact: Ms. Suzanna Namuli
Plot 10 School Lane Naguru, Kampala
P O Box 36697, Kampala, Uganda
Tel: 0414-533261/2
Fax: 0414-533261
Email: Uganda@theprofingroup.com
DeVere and Partners
Uganda Limited
Contact: Mr. Gavin Cooper
B4 Adam House
Plot 11, Portal Avenue
P. O. Box 21409 Kampala, Uganda
Tel: 0414- 342411/ 340846
Fax: 0414- 342411
Email: helpdesk@devere-group.com
LICENSED INVESTMENT ADVISORS WHO
MARKET OFF-SHORE PRODUCTS
QUESTIONS?????
End