ALTX Africa targets small investors with new Uganda exchange

Joseph Kitamirike, CEO, ALTX Africa Group

ALTX Africa launched a new financial exchange in Uganda on Wednesday that will allow investors to trade in small lots, boosting access to financial markets, its chief executive said.

Joseph Kitamirike told Reuters there were just 30,000 securities trading accounts in the East African nation of 35 million people, estimating potential for five million more accounts.

“The first security we are offering, the lot size is 10,000 shillings, which is like $3, and the minimum amount investable is $3, to bring in a cadre of investors who never imagined they could trade securities,” he said by phone from Kampala.

Read more: ALTX Africa targets small investors with new Uganda exchange | Reuters

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