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Africa: Uganda Maintains Fourth Spot in Absa Africa Financial Markets Index

Africa: Uganda Maintains Fourth Spot in Absa Africa Financial Markets Index
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.

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Uganda ranked  second in ease of access to forex

Daily Monitor Wednesday February 24 2021 Advertisement The country scored 67 coming behind South Africa, which, according the index, scored of 80. Uganda’s foreign exchange market is fully liberalised, which offers investors and the general public an opportunity to access foreign currency in banks and forex bureaus.  The Africa Financial Markets Index focuses on a variety of parameters to record openness and ease with which customers access foreign exchange.   It scores countries on a scale of 10-100 on the basis of depth of markets, openness, transparency, legal environment and macro opportunity.  Rwanda was ranked third with a score of 66 while Tanzania and Kenya scored 59 and 57, respectively.

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