on the Nairobi Stock Exchange, is crosslisted on the USE and the Rwanda Stock Exchange, and plans to crosslist its shares on the Dar es Salaam Stock Exchange. (5) Umeme, the largest electric power distributor in Uganda, is listed primarily on the USE and is crosslisted on the Nairobi Stock Exchange. (6) Equity Group Holdings Limited is listed primarily on the Nairobi Stock Exchange (2006). It is crosslisted on the USE (2009) and the Rwanda Stock Exchange (2015). (7) In February 2015, Ugandan media indicated that both Housing Finance Bank and Crane Bank, which had intended to list their shares on the USE, have since changed their plans and put their IPOs on hold. Ownership The exchange is owned by 16 stock brokers. In August 2016, a law was passed to allow the owners to sell shares in the stock exchange to members of the public through an initial public offering. On 18 May 2017, the USE demutualised and registered as a "public company, limited by shares". Its authorised share capital is USh 1 billion, consisting of 100 million shares of each. At incorporation, the paid up capital was USh 42 million, with each of the founding investor firms owning 6,000,000 shares, each valued at each. The shareholding in the stock of the Uganda Securities Exchange is as depicted in the table below. Note The totals are slightly off due to rounding. See also Economy of Uganda ALTX East Africa Exchange Ugandan shilling List of stock exchanges in the Commonwealth of Nations References External links Uganda pension funds control 19% shares on the USE - 14 August 2016 Uganda Securities Exchange website Stock exchanges in Africa Financial services companies of Uganda Kampala District Financial services companies established in 1997 1997 establishments in Uganda Securities and exchange commissions Regulatory agencies of Uganda