By Samuel Ssebuliba
In a move meant to overhaul Uganda securities market, the Central Bank Governor has revised guidelines for investing in government securities.
Speaking to media today the Governor Bank of Uganda Prof. Tumusiime Mutebile said all the 24 licensed banks will now have direct access to the Central Securities Depository.
Mutebile says the total turnover in the secondary market increased by 12.5% to 3.6 trillion from 3.5 trillion in 2015 which has increased government liquidity.
He explains that the changes are meant to increase liquidity.
Meanwhile, Stanbic Bank has again been declared winner of this year’s Annual Primary Dealers’ Award, a position it has maintained for five consecutive years.