Uganda’s Stock Exchange Plans to Bolster Its Capital Before IPO

Uganda Securities Exchange plans to sell medium-term notes next year to bolster its capital before a proposed share sale.

The bourse will sell $3 million of securities ahead of a planned listing in 2028, Paul Bwiso, the chief executive officer of the firm, said Tuesday in a phone interview. The bond sale will be held after the country’s January presidential election, he said. Details for the initial public offering are still under discussion, the CEO said.