The East African
Friday February 26 2021
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Uganda’s Capital Markets Authority and Uganda Manufacturers Association have signed an agreement to encourage manufacturers to list on the Uganda Securities Exchange (USE).
The manufacturing sector contributes about eight percent to the GDP currently compared with 15 percent in the pre-pandemic times, according to data from the Capital Markets Authority (CMA) of Uganda.
“Uganda’s manufacturing sector has an investment gap of more than $300 million per year and this offers strong growth opportunities for the capital markets industry,” said Keith Kalyegira, CMA chief executive.
The country’s economy is currently valued at $35 billion, representing the total value of goods and services produced throughout the year.