Uganda: Bonds Can Finance Infrastructure

Kampala — EAST Africa's bonds can finance the region's infrastructure development, lenders have suggested. Bonds are long-term debt sold to investors by companies. When you buy a bond from a company or government, you are lending your money to them for a set period of time. The bond matures at the end of the period and has an interest rate.

Evans Esano, the programme manager of the International Finance Corporation (IFC), the private lending arm of the World Bank, said: "Deeper bond markets cut reliance on bank loans and broaden investment opportunities. Capital markets can be used to raise long-term finance for infrastructure."

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.