Absa Bank Uganda Named Best Performing Market Maker in Government Securities

Absa Bank Uganda Named Best Performing Market Maker in Government Securities marks a significant milestone for the bank and Uganda’s financial sector. Absa Bank Uganda earned the title of Best Performing Primary Dealer Market Maker (PDMM) for the period October 2024 to September 2025, reinforcing its leadership in the government securities market.

Bank of Uganda Governor Michael Atingi-Ego presented the award during a Uganda Bankers’ Association meeting. Absa Bank Uganda Executive Director and CFO Michael Segwaya received the award alongside Head of Markets Catherine Kijjaggulwe and Treasury Director Peter Mboowa.

Primary Dealer Market Makers play a vital role in Uganda’s financial system. First, they participate actively in primary auctions for government securities. In addition, they provide competitive pricing and maintain continuous quotes in the secondary market. They also support interbank liquidity. As a result, investors can buy and sell government securities efficiently. At the same time, the government raises funds to finance national development programs.

During the review period, Absa Bank Uganda delivered strong results across technical and operational metrics. Moreover, the Markets and Treasury teams maintained disciplined execution and strict governance standards. Consequently, the bank strengthened investor confidence and improved market transparency.

Michael Segwaya emphasized the team’s commitment to developing Uganda’s domestic debt market. He noted that consistent performance supports broader financial stability. Furthermore, Catherine Kijjaggulwe thanked the Bank of Uganda for the recognition and reaffirmed the bank’s commitment to resilient and efficient markets.

Importantly, this award reflects more than commercial success. It demonstrates Absa Bank Uganda’s long-term investment in Uganda’s financial infrastructure. By deepening liquidity and enhancing transparency, the bank helps build a stronger and more reliable financial system.

Looking ahead, Absa Bank Uganda will continue to innovate in market operations. Through sustained participation in government securities, the bank aims to support sustainable economic growth and create lasting value for all Ugandans.