Bank of Uganda

Single-storey building with a red roof and signs for Centenary Bank's CenteAgent and dfcu Agent, plus Airtel Money and other agent notices by the door.

Shilling in now familiar territory with another record low

Uganda’s shilling reached another record low on Friday, a day after the central bank resumed selling foreign currency

Glass-fronted European Investment Bank headquarters in Luxembourg, with flags of EU member states outside.

Green finance

EIB backing targets climate-risk rules at Ugandan banks

Uganda’s green taxonomy and existing climate-risk rules move closer to implementation under EIB Global support

A stack of Ugandan shilling banknotes—50,000, 20,000, 10,000, and 5,000—arranged in a currency counting machine.

Uganda Shilling

BoU turns to dollar sales as political warnings meet market pressure

Bank of Uganda sold foreign currency after rate rises failed to halt the shilling’s slide, despite warnings from Museveni and Ggoobi against using reserves

Street scene outside a luggage shop in downtown Kampala

Uganda Shilling

Shilling closes at record low a week after rate rise

Uganda’s shilling closed at Shs4,208.10 to the dollar, a record low, one week after the central bank raised its benchmark rate

Exchange rates

Shilling surrenders rate-hike gains as the dollar returns

Uganda’s shilling erased Wednesday’s gains by Friday, with the dollar back above its opening level on the day of the Bank of Uganda’s rate increase

An illustration for property, mortgages, bank loans and home savings. A model of a house sitting on architectural plans, with a blurred piggy bank in the background.

Explainer

What the Bank of Uganda’s rise to 12 per cent means for the shilling, fuel and loans

How the Bank of Uganda's increase in its policy rate to 12 per cent could affect the shilling, pump prices, and existing loans and savings

The Bank of Uganda's headquarters in Kampala

Bank of Uganda raises benchmark rate to 12 per cent at special meeting

Uganda’s central bank lifted its rate to 12 per cent, the largest increase since 2011, and raised its inflation forecasts as the shilling weakened

Trading screen showing a candlestick price chart that falls and then partly recovers, beside a list of share prices

Absa Africa Financial Markets Index

Uganda ranks fourth in Absa’s markets index, held back by pensions and depth

Uganda is the only one of 26 African countries scored in both years to lose ground in Absa's financial markets index since 2022, as Kenya and Ghana close in

Various currency notes of African countries are seen in this photo

Foreign exchange

Shilling opens past Shs4,150 as Bloomberg reports offshore selling of bonds

The shilling has lost 12.8 per cent this year, and Absa and Alpha Capital Partners name offshore selling, corporate dollar demand and energy costs

More Bank of Uganda

5 April 2018

Central Bank governor responds to criticism of BoU management

Bank of Uganda's governor says claims that the Bank or its management are guilty of incompetence and are no longer up to the task of executing its constitutional mandate are not supported by evidence and should be treated with contempt

Officials seated around a conference table during a press briefing

27 March 2018

ACI Uganda setting global standards for Uganda’s financial markets

By Benoni Okwenje Any sector that plays a major role in the growth and development of an economy

23 March 2018

Independent arbitration center to reduce costs and time in commercial disputes – Kasekende

The Alternative Dispute Resolution Framework for the banking and financial sector will help to expedite justice with respect to commercial law in Uganda through two channels. It will offer an opportunity for litigants to settle commercial disputes without going through the commercial courts, and thereby much more quickly and almost certainly at much lower costs