Report ranks Uganda among most improved financial hubs 

A teller at work in a bank. Banking is one of the sectors that were badly affected by the Covid-19 pandemic. PHOTO/FILE PHOTO

What you need to know:

  • Bank of Uganda has, through improved credit risk mitigation, ensured financial stability but this, according to the African Financial Markets Index by Absa and Official Monetary and Financial Institutions Forum not provided enough ground for better ranking. 

Uganda has missed out on an opportunity to break into the top three ranked financial markets in Africa despite regulatory reforms that promote financial stability. 

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