What is a share?

A share is a unit of ownership in a company. Any individual who buys shares becomes a shareholder.

How do I buy or sell my shares?

You can buy or sell shares by placing an order with any licensed Broker/Dealer firm that is a member of the Uganda Securities Exchange (USE). Anyone can buy or sell shares. There are no restrictions on local or foreign ownership.

What is the process involved in buying or selling shares?

Any interested individual can come to our offices at Plot 44 Lumumba Avenue, Nakasero, and fill out an Order form, a Client Information form and a Transfer form. Cleared funds are required for any purchase to take place. You will receive a share certificate as proof of ownership.

How do I benefit from buying or selling shares?

By receiving a share of the profit after tax of the company, referred to as “Dividends”, or by selling shares at a price higher than the price at which they were initially bought, referred to as “capital gains”

What shares are currently available to invest in?

The shares currently listed on the Uganda Securities Exchange (USE) include Bank of Baroda Uganda, British American Tobacco Uganda,Development Finance Company of Uganda Limited, East African Breweries Limited, Kenya Airways, New Vision Printing & Publishing Company Limited and Uganda Clays Limited. The current listed Bonds are the UTL Bond, as well as the Government Treasury Bonds (2-years, 3-years ,5-years and 10-years).

What are the Brokerage charges?

There is a 2% fee charged on the value of any purchase or sell order.

How do I buy shares from abroad during an Initial Public Offer (IPO)?

During an IPO, all the required documentation is available on our website as well as on the issuing company’s website. You will be able to download the prospectus and relevant application forms. In addition, you will find some guidelines for application provided for you on the required procedure along with bank account details for the transfer of funds. Once you have downloaded and filled out the application form, fax a copy to our offices before the end of the offer period with a copy of the remittance of funds and subsequently courier the original application form to us.

How do I buy shares from abroad on the secondary market?

Download the client information form, client order form and the USE transfer form, all provided online, fill them out and courier them to us. Send us an email at info@mbea.net to inform us of your order. We will then send you the bank details to prepare payment. Please note that we need cleared funds before we can carry out any transaction.

Where are shares traded (bought or sold)?

On the floor of the Uganda Securities Exchange (USE) every Tuesday and Thursday from 10:00am to 12:00pm at the following address:


Workers’ House, 2nd Floor, Northern Wing
Plot 1, Pilkington Road
P.O.Box 23552
Kampala - Uganda
Tel.: +256-(0)41-343297 / 342818
Fax: +256-(0)41-342841