Uganda’s recent actions in the Treasury bond market, between August and September 2025, have left investors uncertain, as the government appears to be making inconsistent and hesitant moves. These developments come amid mounting domestic borrowing needs and rising debt servicing costs, The EastAfrican has learnt.
A Treasury bond auction conducted in August revealed that the government offered Ush1.4 trillion ($398.9 million) in debt paper to investors and received total bids worth Ush2.2 trillion ($626.8 million), according to market sources.
