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UGANDAN STOCK MARKET SETS PACE
THE UGANDA stock market is quickly becoming the ultimate pacesetter for reviving Uganda's financial sector.
Stanbic bank's decision to mobilise capital from the stock market raised US$120 million, almost half the value of Uganda's foreign direct investment in 2005.
This indicates that the emergence of the stock market as a strategic and major ally in transforming the economy should not be over looked. Uganda's bourse continues to grapple with a largely manual and very uncompetitive dynamics of electronic stock trading.
The latest quarterly report from Uganda Securities Exchange (USE) highlights the benefits of a deeper financial system and strongly proposes that certain fiscal policy measures be provided to promote the capital markets industry in Uganda.
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