The market capitalization of the Uganda Securities Exchange (USE) is valued at US$6.1 billion which represents16.3 per cent of Uganda’s Gross Domestic Product in 2020.
The 10 richest investors in companies that are listed on the USE own stakes amounting to $18.5 million. A huge portion of the market is controlled by institutional investors and parents companies of the listed entities while the 10 richest investors control about 0.30 per cent of the market’s $6.1 billion valuations.
The USE was named as the best performing stock exchange in Sub-Saharan Africa in 2010.
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Currently, there are nine domestic companies listed on the Uganda Securities Exchange.
These are:
- Uganda Clays Ltd was listed in January 2000
- British American Tobacco (BAT) Uganda Ltd listed in October 2000
- Bank of Baroda (U) Ltd listed in November 2002
- DFCU Ltd was listed in October 2004
- New Vision Printing and Publishing Co Ltd listed in December 2004
- Stanbic Bank Uganda Ltd was listed in January 2007
- National Insurance Corporation listed in 2010
- UMEME Limited Listed in 2012
- Cipla Quality Chemical Industries Ltd listed in 2018
And eight cross border listings;
These are:
- East African Breweries Ltd was listed in March 2001
- Kenya Airways was listed in March 2002
- Jubilee Holdings Ltd was listed in February 2006
- Equity Bank Ltd in June 2009
- Kenya Commerical Bank Ltd in November 2008
- Nation Media Group listed in 2010
- Centum listed in 2011
- UCHUMI listed in 2013
10 richest investors on the Uganda Securities Exchange
The value of the shares is based on prices at the end of trading on August 20, 2021, and valuations are converted to US dollars at current exchange rates.
- Sudhir Ruparelia
Net Worth on the USE: $5,206,007
Holdings: Stanbic Bank Uganda, Bank of Baroda Uganda, DFCU and NIC Holdings.
Sudhir Ruparelia is one of the richest Ugandans with over 17 companies under his Ruparelia Group which has interests in media, real estate, hospitality, education, finance, agriculture, media and export among others.
He is also the richest person on the Uganda Securities Exchange with 0.65 per cent holding in Stanbic Bank Uganda worth $2.49 million, a 2.5 per cent stake in Bank of Baroda, Uganda worth $2,095,224, a 6.96 per cent of NIC Holdings and a 0.29 per cent stake in DFCU bank.
- Emmanuel Katongole
Net worth on the USE:$2.74 million
Holdings: Cipla Quality Chemical industries (CQCIL)
Emmanuel Katongole is an economist, businessman, statistician, entrepreneur and industrialist.
He currently serves as the Chief executive Chairman of Cipla Quality Chemical industries which is the only company in Sub Saharan Africa that is authorized to manufacture triple-combination anti-retro-viral drugs.
The pharmaceutical company also manufactures double-therapy antimalarial medication and the Hepatitis-B generic medicines, Texavir and Zentair.
He owns a 2.79 per cent stake in CQCIL worth $2.74 million.
- George Baguma
Net worth on the USE: $2.74 million
Holdings: Cipla Quality Chemical industries (CQCIL)
George Baguma is the chief commercial officer of Cipla Quality Chemical industries.
He is a founder investor in CQCIL and is also a member of the company’s board of directors. He owns a 2.79 per cent stake in CQCIL.
- Frederick Kitaka
Net worth on the USE: $2.74 million
Holdings: Cipla Quality Chemical industries
Frederick Kitaka is a Ugandan accountant, entrepreneur, mathematician, physicist and industrialist.
He is the executive director of finance of Cipla Quality Chemical Industries Limited and sits on its board of directors. He owns a 2.79 per cent stake in the company.
- Ibrahim Kironde Kabanda
Net worth on the USE: $1.58 million
Holdings: Stanbic Uganda Holdings
Ibrahim Kironde Kabanda is a former chairman of the Uganda Revenue Authority.
In 2015, Kabanda was the second-largest non-institutional investor in the stock of Stanbic Bank (Uganda) Limited. Currently, he owns a 0.42 per cent in the company worth $1.58 million.
- Ceasor Mulenga
Net worth on the USE: $1.52 million
Holdings: 1.82 per cent stake in Bank of Baroda (Uganda)
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- Maheshwary Morjaria
Net worth on the USE: $849,415
Holdings: 1per cent stake in Bank of Baroda (Uganda)
- Joseph Byamugisha
Net worth on the USE: $537,962
Holdings: 0.63 per cent stake in Bank of Baroda (Uganda)
- Rakesh Gadani
Net worth on the USE: $339,766
Holdings: 0.26 per cent stake in DFCU
- Keith Muhakanizi
Net worth on the USE: $248,737
Holdings: 0.2 per cent stake in DFCU
