How to Buy Treasury Bonds in Uganda (Step-by-Step Guide)

Buying treasury bonds is now easier than ever with Level Africa. You can now instantly buy any available bond in just a few steps — no need to wait for the next auction if a bond is marked “Available.” Here’s how it works:

What Are Treasury Bonds?

A treasury bond is like giving a loan to the government. You lend them your money, and they promise to pay it back with interest after a set time (like 2 or 10 years). For example, if you invest UGX 1,000,000 in a bond that pays 15.8%, you’ll receive UGX 158,000 per year — usually paid in two parts every six months. At the end of the bond’s term (called maturity), you get back your full UGX 1,000,000.

What You Need Before You Start

To begin, you need:

A Level Africa Wallet (free to open)
National ID or Passport
At least UGX 100,000
Internet access and Mobile Money or bank transfer access

New: Buy Instantly When Bonds Are Available

When you log into your Level Africa dashboard, you’ll see a list of treasury bonds. If it says “Available”, it means you can buy it instantly — as long as your wallet has funds.

How to Buy a Bond (Real-Time Steps)

Step 1: Select a Bond
On your dashboard under “BOU Bonds,” pick one of the bonds listed — for example, BOU 15.80% maturing 23-June-2039.

Step 2: Fill the Order Form
You’ll see a simple form where you enter:

Your investment amount (e.g. UGX 10,000,000)
The bond you chose

Click “See Earnings” to preview how much you’ll earn.

Step 3: Review the Summary
The system will show you:

How many bonds you can buy
Unit cost per bond (e.g. UGX 105,858)
Total cost
Expected earnings

Step 4: Confirm and Buy
Once you confirm, your bond is instantly purchased and added to your portfolio.

Step 5: Track and Earn
You’ll see your payout schedule and interest payments inside your dashboard. Payments are typically made twice per year.

Example: Investing UGX 10 Million in a 15.80% Bond

Unit Cost: UGX 105,858
Bonds Purchased: 94
Total Cost: UGX 9,950,676
Annual Earnings: Around UGX 1,485,200 (before tax)

Tips for Safe Investing

Always use platforms licensed by the CMA (like Level Africa)
Do not send money to individuals via WhatsApp or social media.
Buy bonds marked as “Available” on Level Africa if you want instant confirmation.

Quick FAQs

Can I use Mobile Money?
Yes. You can top up your wallet directly from MTN or Airtel.

Can I sell the bond early?
Yes, on the secondary market. But for best returns, hold till maturity.

Are returns taxed?
Yes. A 15% withholding tax is applied to your interest — it’s automatic

Next Steps

Start Now – Create an Account on Level Africa

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Frequently Asked Questions About Treasury Bonds in Uganda

What are government bonds?

Government bonds are a way to lend money to the Government of Uganda. In return, the government pays you a fixed interest rate every 6 months and gives back your full investment at the end of the bond’s term.

How do treasury bonds work in Uganda?

You buy a bond (e.g. 3, 5, or 10 years), the government pays you interest every 6 months, and you get your full capital back when the bond matures. All bonds are issued and regulated by the Bank of Uganda.

What is the minimum amount to invest in government bonds?

You can start investing with UGX 100,000 using a non-competitive bid. No broker is needed when using platforms like Level Africa.

How can I buy government bonds in Uganda?

You need a Central Depository System (CDS) account or a digital investment platform like Level Africa.
Steps:

Create an account on Level Africa
Upload your National ID or Passport (KYC)
Go to “Treasury Bonds” under Products
Choose a bond that matches your investment goals
Deposit funds into your wallet
Place your order — instantly if marked “Available”
Track your bond and earnings from your dashboard

What are the current treasury bond interest rates in Uganda (2025)?

Rates vary by bond type and auction results. For example:

2-Year bond: around 15.75%
10-Year bond: around 16.25%
20-Year bond: up to 18.50%
All rates are set during each auction by the Bank of Uganda.

Are treasury bonds safe in 2025?

Yes. Treasury bonds are backed by the Government of Uganda and are considered among the safest investments, especially for long-term or retirement goals.

Do government bonds pay interest?

Yes. Interest is called a coupon and is paid out every 6 months. You receive it directly to your wallet or bank account.

Can I sell a bond before it matures?

Yes, bonds are transferable and can be rediscounted if you need to exit early, although the resale price depends on current market rates.

How do interest rates affect bonds?

If new bond rates go up, the value of existing bonds on the market may go down (and vice versa). However, if you hold your bond until maturity, you still get your full investment and all promised interest.

What’s the difference between treasury bonds and treasury bills?

Treasury bonds: Long-term (2–25 years), pay interest every 6 months
Treasury bills: Short-term (91–364 days), sold at a discount and paid back in full at maturity

Can individuals buy Bank of Uganda treasury bonds?

Yes. Both individuals and institutions can invest. Many Ugandans now use Level Africa to access bonds directly with no paperwork.

How often are treasury bonds auctioned in Uganda?

Typically, every 28 days. The auction calendar is published annually by the Bank of Uganda, and Level Africa notifies you ahead of each sale.