An SCD (Securities Central Depository) account is an electronic account held with the Uganda Securities Exchange’s Securities Central Depository. It records and holds the shares you own in listed companies such as MTN Uganda and is used whenever you buy, sell, transfer, or view your shareholding.

Once your SCD account is opened, you can use it to buy shares, sell shares, view your holdings, receive statements, and update your investor details through your stockbroker or the USE Easy Portal.

You may select any stockbroker licensed to trade on the Uganda Securities Exchange. The broker will support account opening, buying or selling shares, statements, and updates to your investor details.

Yes. Investors may hold SCD accounts through more than one licensed stockbroker, although it is important to keep your personal and payment details updated on each account.

Please contact your stockbroker to update details such as your phone number, email address, bank account, mobile money number, or identification information. You may be required to provide supporting KYC documents.

Buying shares gives you part ownership in a listed company. As a shareholder, you may benefit from dividends when declared, potential capital gains if the share price increases, and voting rights at shareholder meetings.

You can confirm your shareholding by dialing *165*65# and selecting option 5 (My account), logging into the USE Easy Portal, or requesting a statement from your licensed stockbroker.

You can buy more shares by dialing *165*65# and selecting option 2 (Buy Shares), or by contacting your licensed stockbroker, who will guide you on funding and placing a buy order on the Uganda Securities Exchange.

You can sell shares by dialing *165*65# and selecting option 3 (Sell Shares), or by contacting your stockbroker to place a sell order. The selling price depends on the market price available on the Uganda Securities Exchange when your order is matched. The USE trading hours are 9:30 am to 1:00 pm, Monday to Friday.

Yes. Shares may be bought in trust for children or transferred to another person, subject to applicable SCD and regulatory requirements. Please contact your stockbroker for the required forms and supporting documents.

Please contact the deceased shareholder’s stockbroker for guidance. The broker will advise on the succession documents required, which may include letters of administration, identification documents for the beneficiaries, and other transfer documents required by the SCD.

A dividend is a share of a company’s profits paid to shareholders. It is usually paid per share, meaning the amount you receive depends on the number of shares you own and the dividend declared.

MTN Uganda currently pays dividends quarterly: in June based on Q1 results, September based on Q2 results, December based on Q3 results, and April based on Q4 results, subject to board approval. 

MTN Uganda currently does not have an automatic dividend reinvestment option. Once your dividend is paid, you may use the funds to buy more shares through *165*65# or through your stockbroker.

Please contact MTN Uganda Investor Relations through email: InvestorRelations.UG@mtn.com or MTN Uganda’s share registrar, SCD Registrars through email: scdregistrars@use.or.ug to confirm your shareholder details and payment records.

Please contact your stockbroker or MTN Uganda’s share registrar, SCD Registrars through email: scdregistrars@use.or.ug to update your dividend payment details. This may include your mobile money number or bank account details, supported by the required identification and KYC documents.

Dividends are paid electronically to the payment details recorded on your SCD account, usually through mobile money or bank account. The amount paid is based on the dividend per share declared multiplied by the number of shares you hold on the record date.

A stockbroker is a licensed market participant who helps investors buy and sell shares and other securities on the Uganda Securities Exchange. The broker also supports account opening, statements, and important investor updates.

Yes. Stockbrokers may charge approved brokerage and transaction fees when buying or selling shares. Your stockbroker should confirm the applicable fees before executing your transaction.

No. Capital markets stockbrokers are licensed to trade securities such as shares and bonds, while real estate brokers deal in property transactions. They operate in different markets and under different regulatory frameworks.

You can confirm your stockbroker by checking your SCD account records, logging into the USE Easy Portal, dialing *165*65# and selecting My Account and then Statement, or contacting MTN Uganda Investor Relations for guidance.

Yes. You may change your stockbroker or hold accounts through more than one licensed stockbroker. Please contact the broker you wish to use for the required transfer or account-opening process.

Capital markets are financial markets where companies, government, and other institutions raise long-term funds by issuing securities such as shares and bonds, while investors buy and sell those securities.

The Capital Markets Authority regulates Uganda’s capital markets and licenses market participants. The Uganda Securities Exchange provides the market platform where listed securities are bought and sold through licensed brokers.

The Capital Markets Authority protects investors, licenses and supervises market participants, approves public offers of securities, promotes fair and transparent markets, and supports the development of capital markets in Uganda.

Companies benefit by raising long-term capital, broadening ownership, improving public visibility, strengthening governance and transparency, and creating a market through which investors can buy and sell their securities.