Uganda financial sector hailed as most developed in EA
Bank of Uganda has been actively managing volatility from foreign capital flows. It also launched a strategic plan that includes promotion of a sustainable financial system. PHOTO | FILE | NMG
Uganda is running an economy with the most developed financial sector in the region, according to the latest study by the Official Monetary and Financial Institutions Forum (OMFIF) and Absa Bank.
The latest feat depicts a major milestone in the country’s race towards becoming a regional financial hub, with an eye to increased inflow of foreign direct investments.
