Kakande's Investments Podcast · Kakande's Investments Podcast

Understanding Treasury Bills & Treasury Bonds in Uganda

·2 hr 7 min·5 clips

Ralph starts with housekeeping. He presents the Bank of Uganda Twitter space as a guided conversation on treasury bills and treasury bonds, also called government securities. The tone is calm and orderly. Listeners are asked to keep the space clean, keep questions short, and use the Q&A box so more people can get in. Then the talk gets practical. Government securities are investments people buy when government borrows from the public through treasury bills and treasury bonds. Auctions sit in the middle of the whole thing. The explanation does not say rates are simply handed down by government or Bank of Uganda. Investors place orders, so the rates are competitive. Commercial banks take part in that auction process, and eight of them matter most here. These primary commercial banks buy the securities wholesale from Bank of Uganda, then pass them along to other investors. Ralph slows down the machinery. He compares an auction to the kind people may know from goods sold in churches, mosques, and other spaces, only this time the item is an investment. The calendar matters, but missing it is not the end of the road. Treasury bill auctions happen every 14 days, and someone who misses one can still go to a commercial bank. The practical worry is timing. For someone ready to invest now, the answer is to ask banks that already hold stock for the investing public. Questions stay in the mix. Ralph says unanswered ones will continue on social media, and that this is only the first Bank of Uganda space. The episode is patient and local, with enough procedure to make central bank language feel less far away.

As heard by us

A clear primer on Uganda's government securities market.

The piece gives a clear account of treasury bills and treasury bonds as government securities, then follows the auction process in an easy-to-track way.

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Why you'd press play

Get a clear read on how Uganda's Treasury Bills and Bonds are bought through government securities auctions.

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