Ugandas Securities Exchange may be small by global standards, but it consistently tells a familiar story: a few liquid counters drive most trading, and a tight circle of investors holds meaningful blocks of stock. The USE All Share Index climbed about 34 in the 12 months to Feb. 4, 2026, lifting market capitalization to roughly UGX 37.3 trillion - a notable run for a market that can still go quiet for days at a time. With banks and a handful of regional listings dominating, inflows typically concentrate in the best-known names: MTN Uganda, Stanbic, Bank of Baroda, and QCIL.
Billionaires.Africa ranks the 10 richest investors on the Uganda Securities Exchange in 2026. Values below are calculated using recent listed closes and converted at an XE mid-market USD/UGX rate of 1 USD = UGX 3,561.77 on Jan. 30, 2026. Ownership percentages and share counts are drawn from publicly posted ownership tables.
1 Charles Mbire Portfolio value: 91.1 million Holdings: About 4.00 stake in MTN Uganda Charles Mbire is the chairman of MTN Uganda and one of Ugandas best-known dealmakers, with business interests that span telecoms, energy and finance. MTN Uganda is the countrys largest listed telecoms operator, selling mobile voice and data services and expanding into mobile money and other digital products.
