UMEME Listing to Diversify Bourse's Products

NTV Uganda
Publication Date:
8 August 2012
Uganda, Economy, Business and Finance

The intent of power distribution company UMEME to offer some of its shares to the public through listing on the Uganda securities exchange (USE) will help to enrich the variety of the products on the market.
According to USE's Chief Executive Joseph Kitamirike, the coming on board of UMEME will reduce the risk exposure on the bourse which is currently dominated by banks.