Bank of Uganda moves to increase uptake of bonds

Bank of Uganda

Uganda has been working towards having its securities easily traded by offshore investors following the enforcement of the master agreements. PHOTO | COURTESY 

Bank of Uganda (BoU) is banking on a mobile solution and offshore indices to grow trade in government bonds.

Retail buyers can now buy T-bills and bonds offered by BoU through their mobile phones with or without a bank account through the Okusavinga mobile platform.