Housing Finance Bank retained as government securities market maker

Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank (HFB) has been reappointed by the Bank of Uganda as a Primary Dealer Market Maker (PDMM) for the 2026–2029 cycle, extending its role in Uganda’s government securities market to nine years.

The reappointment, announced on October 5, 2026, places HFB among financial institutions authorised to participate directly in government securities auctions and facilitate trading in Treasury bills and Treasury bonds.

As a Primary Dealer Market Maker, HFB will participate in the primary market while supporting buying and selling of government securities in the secondary market. The role involves providing market prices and facilitating transactions between investors, helping improve liquidity, price discovery and market efficiency.

The new three-year mandate builds on HFB’s six years of experience in the role and its established treasury and financial markets operations, supported by its risk management systems and specialist team.

Murielle Magayane, Head of Treasury at HFB, said the reappointment would strengthen the bank’s ability to connect investors to government securities while supporting their long-term financial goals.

“At HFB, we recognise that investing is not a one-time journey but a lifelong commitment that encompasses saving, investing, protecting and growing your financial future at every stage of life,” Magayane said.

The bank has also developed a Treasury Securities Platform on its website through which customers can invest in government Treasury bills and bonds. Investors can start with as little as Shs100,000 and access both primary auctions and secondary market transactions, supported by professional advisory services.

HFB said the renewed mandate will deepen its engagement with pension funds, insurance companies, fund managers, businesses, international investors and other financial institutions.

The bank expects these relationships to support the mobilisation of longer-term funding and broaden access to capital for economic activity, including housing development.

As Uganda’s specialised housing finance institution, HFB said its expanded participation in financial markets would help strengthen the link between capital mobilisation and the country’s housing needs.

The bank also sees the mandate as an opportunity to widen financial inclusion by making government securities more accessible to a broader range of investors, including individuals.

The reappointment comes as Uganda seeks to deepen its domestic capital markets and mobilise financing for public investment and economic growth. HFB said its participation in the government securities market would support broader national development priorities, including the Government’s Tenfold Growth agenda.

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