Close Menu
  • Home
  • Celebrity Gossip
  • Entertainment News
  • Featured
  • Photo News
  • Advertise with Us
  • About Us
  • Privacy Policy
Facebook X (Twitter) Instagram YouTube WhatsApp
Facebook X (Twitter) Instagram YouTube WhatsApp TikTok
BigEye.UG
Subscribe
  • HOME
  • CELEBRITY GOSSIP
  • ENTERTAINMENT
  • PHOTO NEWS
  • VIDEO NEWS
  • MONEY
    • Money
    • Features
BigEye.UG
Home»BigEye Money»Local Business»United Bank for Africa Uganda (UBA) appointed Primary Dealer Bank
Local Business

United Bank for Africa Uganda (UBA) appointed Primary Dealer Bank

Stuart G-KhastBy Stuart G-KhastSeptember 27, 2021
Share
Facebook Twitter Telegram WhatsApp

By Reporter

United Bank for Africa Uganda (UBA) has been appointed a Primary Dealer Bank by Bank of Uganda with effect from Friday October 1st, 2021.

As a Primary Dealer Bank UBA will lend Government money on behalf of the public and in exchange, provide Treasury Bills and Bonds as collateral, in the primary market auction. The bank will be expected to facilitate the buying and selling of Treasury Bills and Bonds to investors, who do not have access to the primary Market.  This is referred to as the secondary market.

Commenting on the appointment, the UBA Uganda Managing Director /CEO Chioma A. Mang said, “This is an exciting development for UBA Uganda. We will be able to offer clients competitive rates for Government Securities and also contribute to the development of the Money Markets in Uganda. This appointment also demonstrates the confidence the Central Bank has in UBA. I encourage the public to take up this opportunity being offered through UBA, to invest in treasury bills and bonds and grow their money.”

UBA is the 8th bank to be appointed as a Primary Dealer bank in Uganda.  Effective Friday October 1st, 2021, the bank will facilitate the buying and selling of treasury bills and bonds at all its 16 branches in Kampala and upcountry.

Treasury bills and Government Bonds are debt instruments of the Government. By investing in these instruments, customers earn interest after maturity or trade them in the secondary market to take advantage of the interest rate fluctuations in the market. Treasury bills mature up to a year, whereas bonds have maturities more than 1 year.

Related

uba Uganda
Share. Facebook Twitter WhatsApp Email
Previous Article17-Year-old Kapa Boy fast rising to stardom
Next Article New movies added to Kibanda Xpress

Related Articles

How Mogo Uganda is bridging the EV Ecosystem Access Gap

Equity Bank Uganda Partners with African Nations Cup UK 2025 as Main Sponsor

Equity Bank Uganda Staff Donate Blood to Celebrate World Blood Donor Day

Talkio Mobile partners with Interswitch to expand access across Uganda

Coca-Cola Beverages Uganda supports Uganda Athletics Centenary Celebration as Official Hydration Partner

Equity Group Posts Ksh15.4 Billion Profit, Signals Robust Growth in East Africa

Latest News

Halima Namakula Opens Up About Founding Beat FM: It Was Her Son’s Idea

June 21, 2025

Omulangira Ndausi: Rema Would Be a Global Star If She Stayed with Gagamel

June 21, 2025

Yung Mulo Mourns the Passing of His Father

June 21, 2025

Monalisa hitmaker, Lojay announced as headlining act for Cantina Fiesta

June 21, 2025

Agricultural Business Development Service Providers to receive training aimed at boosting Agri-SME Growth in Uganda

June 21, 2025
Follow Us
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • TikTok
  • WhatsApp
BigEye.UG
Facebook X (Twitter) Instagram YouTube WhatsApp TikTok
  • Sitemap
  • Privacy Policy
  • Contact Us
© 2025 BigEye.UG | All Rights Reserved

Type above and press Enter to search. Press Esc to cancel.