Uganda Approves Secondary Listing by Centum Investment of Kenya

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Uganda’s stock exchange approved a secondary listing of shares by Centum Investment Co. of Kenya, said Joseph Kitamirike, chief executive officer of the bourse.

Centum, East Africa’s biggest public traded investment company, is expected to start trading on the Ugandan Securities Exchange by February, Kitamirike said in an interview today in the capital, Kampala. The listing will boost investment options in Uganda and raise the capitalization of the bourse, he said.