Primary Dealer Bank

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…