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Umeme listing at NSE a first for non-Kenyan firm

Investors buy the shares during the Umeme initial public offering in Kampala, which closed on November 7, 2012. The share begins trading at the Nairobi Securities Exchange Friday after the Capital Markets Authority approved its cross-listing. Photo/File

Uganda power distributor Umeme’s share is expected to start trading Friday at the Nairobi Securities Exchange (NSE) at between Sh9 and Sh9.50, making it the 61st company to list on the bourse.

Umeme was listed at the Uganda Securities Exchange (USE) on November 30. Its share has been trading at between Sh9 (Ush275), the initial public offering (IPO) price and Sh9.81 (Ush300).

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Note: The results are not exact but very close to the actual.

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