Uganda, Feb. 23 -- Standard Bank Group, which operates Stanbic, has said Uganda remains the most investable market in Africa due to availability of foreign currency.

Speaking in Kampala during the Stanbic Global Markets Economic Forum, Mr Jibran Fauz Qureishi, the Standard Bank group head of Africa research, said Uganda's forex market remains liquid, noting the country "has not had challenges with forex market liquidity like other countries such as Nigeria, Egypt, Ghana and Kenya".

Uganda operates a liberalised foreign exchange market and capital account, which allows free movement of capital in and out of the country.

This, Mr Jibran said, has affordable Uganda an opportunity to have a liquid foreign currency market because investors ...