Sub-custody guide: Uganda
The Ugandan Capital Markets Authority has banded together
with other regulators under the umbrella of East African Securities Regulatory
Authorities (Easra) in order to develop the markets in the region. In April
2014 the group resolved to support efforts across the region to introduce new
products such as depository receipts, derivatives and real estate investment
trusts.
Easra members will be working with market players to
introduce to harmonise regulation across the region. This is expected to widen
the product offering for investors and draw in international investment while
also ensuring that investor protection measures are in place. The group also
want to increase public education about financial products.
The Kampala Capital City Authority (KCCA) announced plans in
October 2014 to raise funds for infrastructure and provision of social services
through the issuance of a bond. The population is projected to double in the
next ten years, exerting more pressure on infrastructure and social services.
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