My only fear of Tullow Oil listing in the Uganda bourse is that the Ugandans will trurn deaf ears to it as they are averse to stocks investments. They like to trade on goods they see but not on paper.

An enlightened Ugandan told me that point blank.

So foreigners again will take positions at the expense of Ugandans.

If possible I would have advised Tullow oil to get listed in the headquarters ...NSE. But my voice is like the rattle of an ant.

Uganda has a long way to go stocks investment wise. I give them 10 years to wake up, so whatever I invest there is for income to service my Crane Bank account.

Buying in the market, is a problem, selling is a bigger headache.
I wonder how the over 10 stockbrokers cope on sparsely traded bourse. Sleep most of the time ??

The story is not different for the ever conservative Tanzania bourse.

Rwanda, good hope but the reality is forget it for now and in the future.

Burundi ? Next topic ?

End of East African Bourses. The only East African bourse is NSE others are camouflage.

Amen dear @Cde I hope so. Common EA market, common EA currency, common EA customs union, common everything. Even common traffic wardens.
Hope all East African traffic wardens will wear white like Ugandans with a whistle !.
Practical is different from theory.

Target of west african union (ECOWAS) english speaking was to have a common stock market in 2004, and common currency ECO in 2005. Nothing Nothing except meetings and estacodes and group photographs . I have my reservations.

For UGX to recover lost ground currency wise , it will appreciate against USD, KSH, this is as sure as fate in a couple of years.

It is that conviction and my wish to have roof over my head in EA as a regular traveller at affordable rate made me perch at UG as I could not afford prohibitive prices in Kenya as I wanted it situated in the airport vicinity and I was able to get Kenya Embakassi equivalent in Uganda at Entebbe Road.

Next was food on my table so I was there last April to invest on USE (Uganda Stock Exchange) in the heat of walk-to-work crisis by opposition.

In essence my head (stocks) is in Kenya while my heart(Real Estate + stocks) is with Uganda.

Shona being Bantu i'd grasp it in a jiffy!