Uganda, Feb. 13 -- It is an undeniable fact that financial markets remain alien to many in Uganda.

However, those who have taken trouble to understand them get addicted and will always look out for the best bet.

Just like across the world, investors in Uganda's financial markets continue to hedge their bets on government debt against illiquid and volatile stocks because the former usually carries high interest and guaranteed returns.

For instance, the decision by the central bank to increase interest through the Central Bank Rate, which rose from 6.5 percent in May 2022 to 10 percent in October of the same year to tame inflationary pressures that had risen above the 5 percent target to 6.3 percent, was a perfect boost for treasury bill...