The Ugandan bourse has partnered with MTN to provide a digital platform for opening securities accounts, making it easier and cheaper for retail investors to participate in the securities market.
MTN Uganda Mobile Money technicians were still putting final touches on the system on Wednesday to also facilitate buying and selling of securities through mobile phones.
“Using a phone to trade securities will start in two months’ time,” Uganda Securities Exchange CEO Paul Bwiso said during the launch ceremony at Kampala Serena Hotel on September 14, 2021.
The MTN MoMo platform, which can be used to open a Securities Central Depository (SCD) account, went live on September 15, 2021.
