Name: | Uganda Securities Exchange |
Currency: | Uganda Shillings (UGX) |
Opening Hours: | 10.00am - 12.00pm (+3 GMT) |
Website: | |
Settlement Time: | T+3 |
Key Indices: | USE All Share Index USE Local Company Index |
Regulator: | |
Taxes & Commissions: | Capital Gains Tax: 15% With-holding tax: 15% Avg Commission: 2.1% |
Step 1 - Register with a Broker
The fastest way is to sign up with broker on the USE
The broker will open up a Securities Central Depository (SCD) account for you.
The broker will need your government issued ID and passport photos, details of source of income, and your risk appetite
Once you are registered with broker, you will be able to start buying shares.
Our list of official brokers
Step 2 - Choose the shares you want to buy
Preferably by the shares of companies you understand.
If you don't invest in a company you understand, it is akin to gambling just with less excitement.
If you understand banking buy banks, if you understand farming buy agriculture shares e.t.c.
We can't tell you the best shares for you but we give you guidance on how to pick good shares
Step 3 - Send funds to invest
Decide how many shares you want to invest.
Please note you can't buy less than 100 shares, and also factor in at last 2-3% for commissions and trading account fees.
Once you know how much money you want to invest, send it to the broker.
Funds to invest can be sent to the brokers by MTN Money or bank transfer.
Step 4 - Undertake trade
Once you confirm that your funds have been added to your brokerage account, you can undertake a trade to buy the shares.
Trades can be done by sending instructions by email or on the phone to your broker.
Step 5 - Confirm Trade
Brokers will provide a confirmation note once a trade is completed.
For our PREMIUM users, you can also track the trades you have made using our My Portfolio feature
Bonus Step - Monitor Investment
MoneyInAfrica has been built to specifically help you FIND, ANALYSE and MONITOR investments on the Nairobi Securities Exchange.
Monitor your investment by adding it to a watchlist, set up price alerts so you spend less time looking at the share price.
Find your next investment using our Investment Screener, and our in-depth visual analysis of each company on the NSE.