Absa Bank Uganda on Jan, 18, 2021 hosted selected journalists to an in-depth analysis of the financial markets ahead of the unveiling of the 2021 Africa Financial Markets Index (AFMI) report on Tuesday 25th January 2022.
The training, led by David Wandera, Absa Uganda’s Executive Director and Head of Markets, was aimed at providing a platform for the media to get a better understanding of Uganda’s financial markets.
The index is conducted by Absa Group in partnership with the Official Monetary and Financial Institutions Forum (OMFIF) acts as a guide to be used by policymakers and market participants to promote open, accessible and transparent markets that are best placed to mobilise capital and promote investment on the continent.
According to the 2021 AFMI report, Uganda remained in 10th position, the same as the previous year and maintaining a score of 52, mostly attributed to the introduction of a revamped primary dealer system by the Central Bank in September 2019 to spur bond market activity.