MARKET NOTICE: APPROVAL OF THE PROSPECTUS TO ISSUE EXCHANGE TRADED FUND SECURITIES ON THE UGANDA TREASURY DEBT SECONDARY MARKET BY TOLEA SECURITIES LTD
ALTX East Africa (ALTX) and Tolea Securities Ltd (Tolea) are pleased to announce that the prospectus for the issuance of Exchange Traded Funds (ETFs) on the Uganda Treasury Debt Secondary Market, the Tolea ETF Program, was approved on October 8th 2020 by the Capital Markets Authority of Uganda.
The Tolea ETFs are the first of their kind in the Ugandan and East African markets. Composed of a carefully curated basket of government bonds, the ETF will offer investors in Uganda more investment options than they are currently exposed to. This listing brings ALTX and Tolea one step closer to achieving the mission of financial inclusion, by providing innovative securities products tailored to the reality of a majority of Ugandans.
ALTX and Tolea will continue working together to make affordable and accessible investment options widely available to those who require them. ALTX and Tolea invite all Ugandans to begin investing to guarantee their financial future.
Final preparations are being made to have the first ETF listed on ALTX by December 2020.