Absa Bank Uganda recognised as Best Performing Primary Dealer Market Maker

KAMPALA, February 19, 2026 — The Bank of Uganda [BoU] has recognised Absa Bank Uganda as the Best Performing Primary Dealer Market Maker [PDMM] in Uganda Government Securities for the period October 2024 to September 2025.

The award was presented by Governor Michael Ating-Ego during the Uganda Bankers’ Association meeting held at the BoU.

The recognition underscores Absa Bank Uganda’s exceptional contribution to deepening the government securities market and enhancing its liquidity, efficiency, and overall resilience.

During the review period, Absa Bank Uganda delivered outstanding performance across key PDMM obligations, including strong participation in primary auctions, consistent secondary market quoting, active interbank trading, and effective support for market liquidity and price discovery.

These activities are critical to ensuring a well-functioning and resilient domestic debt market that supports government financing and the effective transmission of monetary policy.

“The Bank of Uganda congratulates Absa Bank Uganda on this well-deserved recognition and looks forward to continued collaboration with all PDMMs in strengthening Uganda’s financial markets and supporting sustainable economic growth,” BoU said in a statement released on Thursday.

“We thank the Bank of Uganda for the recognition and remain committed to building resilient, transparent, and efficient financial markets that support sustainable growth,” Absa Bank Uganda said after receiving the award.

Government securities are debt investment instruments, such as treasury bills [T-Bills] and treasury bonds [T-Bonds] , issued by the government. Investors lend money to the government in exchange for periodic interest payments and the return of the bond’s face value at maturity.

For instance, in January 2026, Shs 3,331.83 billion was raised from three auctions of government securities on the domestic primary market. Shs 376.96 billion and Shs 2,954.88 billion was raised from T-Bills and T-Bonds respectively.

From the total amount raised, Shs 756.85 billion was used for refinancing maturing securities while Shs 2,574.98 billion was used to finance other items in the running national budget, says the Performance of the Economy Monthly Report January 2026.

https://thecooperator.news/absa-bank-launches-regional-sme-forums-to-boost-business-growth/

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