final presentation on investing in uganda's capital markets

AN OPPORTUNITY TO GROW YOUR WEALTH

Although its easy to forget sometimes, a share is not

a lottery ticket its part-ownership of a business

PETER LYNCH Peter Lynch is an American businessman and stock investor.

Risk comes from not knowing what youre doing

WARREN BUFFET Warren Edward Buffett is an American business magnate, investor, and philanthropist.

QUOTE

Do Not Put All Your Eggs In One Basket!

Do not put all your savings in one investment, but build a diversified

portfolio of investments.

Capital Markets Authority is the regulator of the capital markets

industry

Stock/Securities Exchange is the market where securities are actually traded

Securities Central Depository is a system in which securities are deposited and kept in custody in book entry form other than

holding them as paper certificates

Broker/Dealers are agents who buy and sell securities on behalf of others and on their own account

Investment Advisers advise on the investment of financial securities

Collective investment schemes (Unit Trusts/Mutual Funds) are group or pooled investments managed by a fund/Unit Trust

manager

Key Players in Ugandas Capital Markets

SHARES

Shares

Shareholder

Understanding Shares

A share of

ownership in a

company

Owner of the

shares

Growth In Share Prices From IPO Share

Prices

1 This is an adjusted share price taking into consideration various corporate actions to ensure that the IPO price and the

current price are in the same units

* These prices have taken into consideration share splits and bonus issues

IPO Share Price (Ushs)

Share Price as at 5th June 2015

(Ushs)1

Return on Investment over the

period (%)

Compound Annual Growth Rate

(CAGR) of the Share Price(%)

Uganda Clays (IPO-2000) 4,000 18,000 350.00 11

BAT (U) Ltd (IPO-2000) 1,000 8,525 752.50 15

Bank of Baroda (U) Ltd (IPO-2002) 600 2,925 387.50 12.96

DFCU Group (IPO-2004) 230 2,253 879.35 23.05

New Vision Group (IPO-2004) 200 605 202.50 10.59

Stanbic Bank (U) Ltd (IPO-2006) 70 272 288.57 16.28

National Insurance Corporation (IPO-2009) 45 72.9 62.00 10.13

UMEME (IPO-2012) 245 470 91.84 24.25

Uganda Clays: Share Split

CORPORATE ACTIONS

Number Of Shares at IPO

Value of Shares at IPO (Ush)

No. Of shares after share split in 2006 of 10 for every one held

No. of shares after second

share split of 100 shares for every

share held

Value of shares as at 30th April 2015

1,000 4,000,000 10,000 1,000,000 18,000,000

Bank of Baroda: Share Splits & Bonus Issues

CORPORATE ACTIONS



No. of shares after share split of 10 shares for

every 1 share held in 2008

No. of shares after bonus issue of 1.5 shares for

every 1 share held in in

2011

No. of shares after bonus issue of 1.5 shares for

every 1 share held in 2012

Value of shares as at 30th April

2015 (Ush)

1,000 600,000 10,000 25,000 62,500 8,125,000

DFCU Bank: Bonus Issue

CORPORATE ACTIONS



No. of shares after bonus

issue of 1 share for every 4

shares held in 2005


issue of 1 share for every share

held in 2014

Value of shares s at 30th April 2015

(Ush)

1,000 230,000 1,250 2,500 2,232,500

Stanbic Bank: Bonus Shares

CORPORATE ACTIONS


Value of Shares at IPO

(Ush)


issue of 1 share for every share

held in 2011

No. of shares after second

bonus issue of 4 shares for every

share held in 2012


(Ush)

1,000 70,000 2,000 10,000 340,000

NIC: Rights Issue and Bonus Shares

CORPORATE ACTIONS



No. of shares after rights issue of 4

shares for every 5 shares held

No. of shares after bonus issue of 1.38

shares for every share held


(Ush)

1,000 45,000 1,800 4,284 72,828

Uganda Clays Share Price Movement (Ushs)

- 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000

100,000 110,000 120,000 130,000 140,000 150,000 160,000 170,000 180,000 190,000 200,000 210,000 220,000 230,000 240,000 250,000 260,000 270,000

IPO

Pri

ce

24-A

ug

-00

13-

No

v-0

1

12-

No

v-0

2

4-N

ov

-03

8-F

eb-0

5

19-

Jul-

05

3-J

an

-06

3-J

ul-

06

17-

Oct

-06

12-

Ma

r-0

7

26-

Jun

-07

8-O

ct-0

7

4-F

eb-0

8

22-

Ma

y-0

8

9-S

ep-0

8

5-Ja

n-0

9

21-

Ap

r-09

4-A

ug

-09

16-

No

v-0

9

4-M

ar-

10

8-J

ul-

10

19-

Oct

-10

15-

Feb

-11

2-M

ay

-11

7-J

ul-

11

8-S

ep-1

1

9-N

ov

-11

11-

Jan

-12

15-

Ma

r-1

2

21-

Ma

y-1

2

20-J

ul-

12

20-

Sep

-12

6-D

ec-1

2

12-

Feb

-13

18-

Ap

r-13

21-

Jun

-13

23-

Au

g-1

3

28-

Oct

-13

31-

Dec

-13

4-M

ar-

14

8-M

ay

-14

11-

Jul-

14

12-

Sep

-14

14-

No

v-1

4

21-

Jan

-15

25-M

ar-1

5

29-

Ma

y-1

5

BAT Share Price Movement (Ushs)

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

8,000

8,500

9,000

IPO

Pri

ce

26-

Ap

r-01

1-A

ug

-02

1-M

ar-

05

4-A

ug

-05

5-J

an

-06

27-

Jun

-06

3-O

ct-0

6

19-

Feb

-07

31-

Ma

y-0

7

4-S

ep-0

7

13-

Dec

-07

1-A

pr-

08

15-

Jul-

08

27-

Oct

-08

10-

Feb

-09

19-

Ma

y-0

9

25-

Au

g-0

9

30-

No

v-0

9

15-

Ma

r-1

0

8-J

ul-

10

12-

Oct

-10

1-F

eb-1

1

15-

Ap

r-11

21-

Jun

-11

17-

Au

g-1

1

14-

Oct

-11

12-

Dec

-11

9-F

eb-1

2

11-

Ap

r-12

8-J

un

-12

6-A

ug

-12

2-O

ct-1

2

13-

Dec

-12

14-

Feb

-13

17-

Ap

r-13

17-

Jun

-13

14-A

ug

-13

11-

Oct

-13

10-

Dec

-13

10-

Feb

-14

8-A

pr-

14

11-

Jun

-14

8-A

ug

-14

6-O

ct-1

4

4-D

ec-1

4

5-F

eb-1

5

7-A

pr-

15

5-J

un

-15

Bank of Baroda Share Price Movement (Ushs)

- 500

1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500 8,000 8,500 9,000 9,500

10,000 10,500 11,000 11,500 12,000 12,500 13,000

IPO

Pri

ce

6-M

ay

-04

10-

Ma

y-0

5

20-

Oct

-05

27-

Ap

r-06

5-S

ep-0

6

1-F

eb-0

7

24-

Ma

y-0

7

6-S

ep-0

7

7-J

an

-08

22-

Ap

r-08

12-

Au

g-0

8

4-D

ec-0

8

30-

Ma

r-0

9

16-

Jul-

09

29-

Oct

-09

18-

Feb

-10

28-

Jun

-10

11-

Oct

-10

8-F

eb-1

1

28-

Ap

r-11

6-J

ul-

11

8-S

ep-1

1

10-

No

v-1

1

13-

Jan

-12

20-

Ma

r-1

2

25-

Ma

y-1

2

27-

Jul-

12

28-

Sep

-12

17-

Dec

-12

22-

Feb

-13

2-M

ay

-13

5-J

ul-

13

9-S

ep-1

3

13-

No

v-1

3

20-

Jan

-14

24-

Ma

r-1

4

29-

Ma

y-1

4

5-A

ug

-14

7-O

ct-1

4

11-

Dec

-14

18-

Feb

-15

24-

Ap

r-15

DFCU Share Price Movement (Ushs)

-

500

1,000

1,500

2,000

2,500

IPO

Pri

ce

5-A

pr-

05

30-

Au

g-0

5

2-F

eb-0

6

10-

Jul-

06

16-

Oct

-06

26-

Feb

-07

5-J

un

-07

6-S

ep-0

7

13-

Dec

-07

31-

Ma

r-0

8

8-J

ul-

08

16-

Oct

-08

29-

Jan

-09

5-M

ay

-09

10-

Au

g-0

9

10-

No

v-0

9

18-

Feb

-10

15-

Jun

-10

16-

Sep

-10

4-J

an

-11

29-

Ma

r-1

1

30-

Ma

y-1

1

27-

Jul-

11

22-

Sep

-11

17-

No

v-1

1

13-

Jan

-12

13-

Ma

r-1

2

11-

Ma

y-1

2

6-J

ul-

12

31-

Au

g-1

2

7-N

ov

-12

10-

Jan

-13

11-

Ma

r-1

3

9-M

ay

-13

5-J

ul-

13

2-S

ep-1

3

30-

Oct

-13

27-

Dec

-13

24-

Feb

-14

23-A

pr-

14

23-

Jun

-14

19-

Au

g-1

4

15-

Oct

-14

11-D

ec-1

4

11-

Feb

-15

10-

Ap

r-15

New Vision Share Price Movement (Ushs)

-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2,200

2,400

2,600

2,800

IPO

Pri

ce

26-

Ma

y-0

5

18-

Oct

-05

30-M

ar-0

6

7-A

ug

-06

16-

No

v-0

6

22-

Ma

r-0

7

26-

Jun

-07

25-

Sep

-07

10-

Jan

-08

14-

Ap

r-08

21-

Jul-

08

27-

Oct

-08

5-F

eb-0

9

11-

Ma

y-0

9

11-

Au

g-0

9

10-

No

v-0

9

16-

Feb

-10

10-

Jun

-10

9-S

ep-1

0

27-

Dec

-10

22-

Ma

r-1

1

19-

Ma

y-1

1

18-

Jul-

11

12-

Sep

-11

4-N

ov

-11

30-

Dec

-11

24-

Feb

-12

24-A

pr-

12

19-

Jun

-12

13-

Au

g-1

2

5-O

ct-1

2

14-

Dec

-12

13-

Feb

-13

12-

Ap

r-13

10-

Jun

-13

2-A

ug

-13

27-

Sep

-13

25-

No

v-1

3

22-

Jan

-14

18-

Ma

r-1

4

15-

Ma

y-1

4

11-

Jul-

14

5-S

ep-1

4

31-

Oct

-14

30-

Dec

-14

25-

Feb

-15

23-

Ap

r-15

Stanbic Bank Share Price Movement (Ushs)

-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2,200

2,400

2,600

2,800

IPO

Pri

ce

24-

Ma

y-0

5

11-

Oct

-05

16-

Ma

r-0

6

27-

Jul-

06

2-N

ov

-06

6-M

ar-

07

11-

Jun

-07

6-S

ep-0

7

10-

Dec

-07

18-

Ma

r-0

8

24-J

un

-08

23-

Sep

-08

5-J

an

-09

6-A

pr-

09

7-J

ul-

09

5-O

ct-0

9

5-J

an

-10

27-

Ap

r-10

27-

Jul-

10

25-

Oct

-10

7-F

eb-1

1

14-

Ap

r-11

15-

Jun

-11

8-A

ug

-11

30-

Sep

-11

23-

No

v-1

1

17-

Jan

-12

13-M

ar-1

2

9-M

ay

-12

2-J

ul-

12

23-

Au

g-1

2

23-

Oct

-12

24-

Dec

-12

20-F

eb-1

3

18-

Ap

r-13

13-

Jun

-13

6-A

ug

-13

30-

Sep

-13

25-

No

v-1

3

21-

Jan

-14

14-

Ma

r-1

4

12-

Ma

y-1

4

7-J

ul-

14

29-

Au

g-1

4

23-

Oct

-14

17-

Dec

-14

13-

Feb

-15

10-

Ap

r-15

5-J

un

-15

National Insurance Corporation Share Price

Movement (Ushs)

-

20

40

60

80

IPO

Pri

ce

8-J

un

-10

3-A

ug

-10

28-

Sep

-10

25-

No

v-1

0

3-F

eb-1

1

24-

Ma

r-1

1

29-

Ap

r-11

7-J

un

-11

12-

Jul-

11

15-

Au

g-1

1

19-

Sep

-11

21-

Oct

-11

24-

No

v-1

1

29-D

ec-1

1

2-F

eb-1

2

7-M

ar-

12

13-

Ap

r-12

18-

Ma

y-1

2

21-

Jun

-12

25-

Jul-

12

28-

Au

g-1

2

1-O

ct-1

2

16-

No

v-1

2

21-

Dec

-12

29-

Jan

-13

5-M

ar-

13

11-

Ap

r-13

16-

Ma

y-1

3

20-

Jun

-13

24-

Jul-

13

28-

Au

g-1

3

1-O

ct-1

3

6-N

ov

-13

10-

Dec

-13

16-J

an-1

4

19-

Feb

-14

25-

Ma

r-1

4

30-

Ap

r-14

5-J

un

-14

10-

Jul-

14

14-

Au

g-1

4

17-

Sep

-14

22-

Oct

-14

25-

No

v-1

4

2-J

an

-15

6-F

eb-1

5

12-

Ma

r-1

5

17-

Ap

r-15

22-

Ma

y-1

5

Trends in the UMEME Share Price Movement

(Ushs)

-

100

200

300

400

500

600

IPO

Pri

ce

18-

Dec

-12

9-J

an

-13

28-

Jan

-13

15-

Feb

-13

6-M

ar-

13

26-

Ma

r-1

3

16-

Ap

r-13

6-M

ay

-13

23-

Ma

y-1

3

12-

Jun

-13

1-J

ul-

13

18-

Jul-

13

6-A

ug

-13

26-

Au

g-1

3

12-

Sep

-13

1-O

ct-1

3

22-

Oct

-13

8-N

ov

-13

27-

No

v-1

3

16-

Dec

-13

7-J

an

-14

24-

Jan

-14

12-

Feb

-14

3-M

ar-

14

20-

Ma

r-1

4

8-A

pr-

14

29-

Ap

r-14

19-

Ma

y-1

4

6-J

un

-14

26-

Jun

-14

15-

Jul-

14

4-A

ug

-14

21-

Au

g-1

4

9-S

ep-1

4

26-

Sep

-14

16-

Oct

-14

4-N

ov

-14

21-

No

v-1

4

11-

Dec

-14

2-J

an

-15

21-

Jan

-15

10-

Feb

-15

27-

Feb

-15

18-

Ma

r-1

5

8-A

pr-

15

27-

Ap

r-15

15-

Ma

y-1

5

4-J

un

-15

INVESTING IN SHARES:

SELECT COUNTERS

FROM THE NAIROBI

SECURITIES EXCHANGE

(NSE)

GROWTH IN SHARE PRICES FROM IPO FOR

SELECTED COUNTERS AT THE NSE

3 This is an adjusted share price taking into consideration various corporate actions to ensure that the IPO price and the

current price are in the same units

IPO Share Price (U$ $) Share Price as at 24th April

2015 (U$ )3 Return on Investment over the

period (%) Compound Annual Growth Rate

(CAGR) of the Share Price(%)

Kenya Commercial Bank (IPO-1988) 1.13 51.96 4498.16 15.23

HFCK Bank (IPO 1992) 0.22 2.65 1103.41 11.43

Uchumi Holdings (IPO-1993) 0.25 1.13 353.23 7.10

NIC Bank (IPO-1994) 0.94 9.08 866.06 11.40

Kenya Airways (IPO-1996) 0.2 0.26 29.64 1.39

ARM Mining (IPO 1997) 0.21 5.27 2409.54 19.61

TPS Serena (IPO-1997) 0.22 1.79 711.62 12.35

Equity Bank Limited (Introduction-2006) 0.97 20.48 2011.43 40.34

Kengen (IPO 2006) 0.17 0.11 -36.78 (4.72)

Scangroup (IPO 2006) 0.15 1.04 592.01 24.00

Kenya Re-insurance (IPO-2007) 0.14 0.23 61.50 6.40

Co-operative Bank (IPO 2008) 0.14 0.32 131.09 12.54

Safaricom (IPO 2008) 0.07 0.22 213.70 17.77

British American Investment Company (IPO 2011) 0.10 0.20 101.88 18.92

One can make money in shares in two ways:

Dividend income,

Appreciation in price (Capital Gains)

The amount of income one earns from an investment in shares depends on:

How much profit the company makes

The dividends declared

How many shares one owns

How Do I Make Money In Shares?

REAL ESTATE Products: Land, Real Estate Development for sale or Rental

Advantages: Higher returns on principal capital/investment

over the long-term, in most cases beats/outperforms inflation

Disadvantages: Higher risks over the short-term, Illiquid,

supervision required, very limited or no transparency, high

probability of investment fraud

Why Invest In Shares? An Asset Comparison

FIXED INCOME Products: Fixed Deposits, Treasury Bills, Treasury Bonds

,Corporate Bonds and Money Lending

Advantages: Low to moderate returns on principal

capital/investment , very low probability of loosing the Principal

Capital/investment, regular fixed income payments, liquid with the

exception of money lending, no supervision is required,

transparent, low probability of investment fraud

Disadvantages: Probability of default for private borrowers but

unlikely for Treasury instruments & fixed deposits, rarely

beats/outperforms inflation


SHARES Products: Companies listed on the Uganda Securities Exchange

& Nairobi Securities Exchange

Advantages: Higher returns on principal capital/investment

over the long-term, in most cases beats/outperforms inflation,

no supervision required, transparent, liquid, low probability of

investment fraud

Disadvantages: Higher risks over the short-term, rank last in

priority in case of liquidation


You can invest in shares through the:

Primary Market (Initial Public Offer): This when a company sells its shares to the Public for the first time.

The IPO is for a limited time usually 30 days (one

month).

Secondary Market: This is when you buy or sell shares already listed on the Uganda Securities Exchange

When can I Invest in Shares?

To invest in shares one is first required to have a

Securities Central Depository (SCD) account which is

an electronic entry of ones shares. SCD accounts are opened with broker/dealers licensed by CMA

Before you buy or sell shares make sure you complete a Purchase/Sale Order Form with your Broker/Dealer

HOW Can I Invest In Shares?

How Much It Will Cost Me To Buy Or Sell Shares?

Share prices are published by the Uganda Securities Exchange (USE) on its website and some times in the Daily New Vision and Daily Monitor newspapers.

You can also follow the share prices at the end of the 9pm News Bulletin on NTV Uganda and WBS Television

You can only buy or sell not less than 100 shares

Share Price (Ushs) As at 17th July 2014

Minimum Investment (Ushs) Incl. 2% Brokerage commission &

0.1% SCD levy

BAT 6,500 786,500

BOBU 110 13,310

CENT 1,228 148,588

DFCU 1,220 147,620

EABL 8,961 1,084,281

EBL 1,347 162,987

JHL 12,027 1,455,267

KA 302 36,542

KCB 1,593 192,753

NIC 25 3,025

NMG 9,169 1,109,449

NVL 590 71,390

SBU 30 3,630

UCHM 357 43,197

UCL 20 2,420

UMEME 390 47,190

COLLECTIVE INVESTMENT

SCHEMES

If you do not have sufficient funds to invest in shares

through your broker/dealer, you can invest with other investors through a collective investment scheme managed by a Unit Trust Manager licensed by CMA.

There are currently three (3) licensed Unit Trust Managers. The minimum investment threshold varies from manager to manager.

The lowest minimum investment threshold among the three managers is Ushs 100,000

Collective Investment Schemes

Returns on Investment in UAP CISs

Fund Effective Annual Rate of Return (%)

UAP Money Market Fund 10.14 %

UAP Umbrella Fund 11.83 %

UAP Balanced Fund 9.98%

Collective Investment Schemes

Annualized Rate of Return since inception in January 2014

Bonds Defined A bond is like

commercial

bank loan

where the

Borrower pays

regular

interest and or

part principal

payments until

the bond

Matures

Bonds can either

be Corporate

Bonds for Private

Companies or

Treasury

Bonds/Bills for

Government

BOND

Receive Regular

Interest Payments &

or Part Principal

Payments

Principal Paid

at Maturity

A Bond has Three Major Components:

FACE VALUE (also called par value): This is the value of the bond as given on the certificate or instrument. This is the value the bond holder will receive at maturity unless the issuer defaults. The bond can be bought at par value, premium or discount.

A COUPON RATE: This is the annual rate of interest payable on the bond. This is in most cases paid in two installments every six months. The rate can be fixed or floating pegged on an agreed treasury bill or treasury bond rate.

MATURITY: This is the date upon which the issuer pays back the face value of the bond.

How a Bond Works

Prices, Interest Rates & Yields

If you buy a new bond and plan to keep it to maturity, changing bond prices, interest rates, and yields typically

do not affect you, unless the bond is called.

However when you buy or sell an existing bond in the secondary market, the price investors are actually willing

to pay for the bond may fluctuate. And the bond's yield,

or the expected return on the bond, may also change.

How a Bond Works

How a Bond Works:

Bond Price Vs Interest Rates

The price

investors are

willing to pay

for a bond is

affected

largely by

prevailing

interest rates.

Buyers look

for a low

price.

Bond Price

Prevailing Market Interest Rates

Bond Price

Prevailing Market Interest Rates

Corporate bonds can be bought in the primary market through

designated agents and in the secondary market on the Uganda

Securities Exchange through licensed broker/dealers

In the primary market the minimum investment in corporate bonds has ranged from Ushs 10 million to 200 million

Treasury bonds/bills can be bought from designated primary dealers (commercial banks) in both the primary and secondary

markets

There are currently five designated primary dealers; Stanbic Bank, Standard Chartered Bank, Barclays Bank, DFCU Bank, Centenary

Rural Development Bank, Bank of Baroda and Crane Bank

How a Bond Works: Trading

Performance of Corporate Bond and Treasury Bill

Investments (%)

0

5

10

15

20

25Trends in Corporate Bond, Treasury Bills, Saving and Time

Deposit Rates (%)

Corporate Bond Coupon Average Floating Rate Savings deposits 182 Days Treasury Bill 364 Days Treasury Bill

OFF-SHORE PRODUCTS

There are some licensed investment advisors who market off-

shore investment products

These products are usually Foreign Mutual Funds

One major advantage of off-shore products is the opportunity for diversification they provide

However one needs to be mindful of the following when investing in Off-shore products

The products should be regulated products

Preferably the regulator of the home market should be a member of the International Organisation of Securities

Commissions (IOSCO)

Foreign Exchange Risk

Off-Shore Products

NUGGETS OF INVESTMENT WISDOM

Nuggets of Investment Wisdom

ALWAYS endeavor to SEEK out for information about the company you are

invested in

Monitor the SHARE PRICE of the company you are invested in on the

USE WEBSITE or in the NEWSPAPER

DAILIES

Seek out for RESEARCH REPORTS on the companies listed on the USE or NSE

from your Broker

Share prices CAN GO UP OR GO DOWN but therein lies the opportunity

to make money

Aim to invest at least 5% of your total net-worth in

the capital markets over the next three years

The investment can be gradual with an increment every year until you attain the 5% threshold

This is going to be a journey that will require COURAGE and PATIENCE but its worth taking for your own sake and for the sake of your children

Nuggets of Investment Wisdom

IMPORTANT CONTACTS

Capital Markets Authority Contact Person: Mr. Charles Nsamba Plot 14 Parliament Avenue, 8th Floor

Jubilee Insurance Centre

Tel. 0414-342788/791, 0312-264950/1

Email: [email protected]

[email protected]

Website: www.cmauganda.co.ug

Uganda Securities

Exchange/Securities Central

Depository

Contact Person: Mr. Paul Bwiso

Plot 71/73 Kampala Road (Opposite

Biplous), 4th Floor Prism Building

Tel. 0414-343297/342818


Website: www.use.or.ug

CMA & USE/SCD

Capital Markets Authority- Uganda

#cmauganda

CMA Uganda

African Alliance (U) Ltd Contact Person: Mr. Kenneth Kitariko Plot 1 Pilkington Rd, 1st Floor Workers House Tel. 0414-235577/0417-777720


Crested Stocks and Securities Ltd Contact Person: Mr. Robert Baldwin

Plot 13/15 Kimathi Avenue, 6th Floor Impala House

Tel. 0414-230900


Crane Financial Services Ltd

Contact Person: Mr. Vivek Sharma

Plot 38 Kampala Rd, Crane Chambers

Tel. 0414-341414/345345


Equity Stock Brokers Limited Contact Person: Ms. Gloria Kangabe

Plot 6/6A Orient Plaza

Tel. 0414-236012/3/4/5


LICENSED BROKER/DEALERS

Standard Bank Group Securities

Contact Person: Mr. Joram Ongura

Plot 17 Hannington Rd, 4th Floor Crested Towers (Short

Tower)

Tel. 0414-715460/0312-224600/0312-224985


Dyer & Blair Contact Person: Mr. Edward Serunjogi

Ground Floor, Rwenzori House

Tel. 0414-233050/0312-265469


Baroda Capital Markets

Ltd

Contact Person: Mr. Avinash Kumar Sahani

Plot 18 Kampala Rd

Tel. 0414-233680/3


LICENSED BROKER/DEALERS

STANLIB Uganda Ltd Contact Person: Ms. Annette Rumanyika Mulira Plot 17 Hannington Rd, 4th Floor Crested Towers

(Short Tower)

Tel. 0312-224322/600


ICEA Investment

Services Ltd

Contact Person: Mr. Robert Katabaire

Rwenzori Courts

Tel. 0414-347535/0414-232337


UAP Financial Services Contact Person: Mr. Patrick Ndonye

1st Floor, Communications House

Tel. 0414-332743/0312-370290/0312-332743

Email: [email protected] , [email protected]

LICENSED UNIT TRUST MANAGERS

Profin Group (Uganda) Limited

Contact: Ms. Suzanna Namuli

Plot 10 School Lane Naguru, Kampala

P O Box 36697, Kampala, Uganda

Tel: 0414-533261/2

Fax: 0414-533261


DeVere and Partners

Uganda Limited

Contact: Mr. Gavin Cooper

B4 Adam House

Plot 11, Portal Avenue

P. O. Box 21409 Kampala, Uganda

Tel: 0414- 342411/ 340846

Fax: 0414- 342411


LICENSED INVESTMENT ADVISORS WHO

MARKET OFF-SHORE PRODUCTS

QUESTIONS?????

End

final presentation on investing in uganda's capital markets

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