Uganda: Umeme Cross Lists in Nairobi

Power company's move seen as a positive move towards regional financial integration

Barely a fortnight after listing its shares on the Uganda Securities Exchange (USE), power company Umeme has marked another milestone by becoming the first Ugandan company to cross-list on the Nairobi Securities Exchange (NSE). This followed securing regulatory approval from the Capital Markets Authority. While seven Kenyan-registered companies are cross-listed on the USE, no Ugandan-registered company had ever been cross-listed anywhere in the world.

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