Bank of Uganda
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
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
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
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
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
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
Provision releases and currency gains drive Bank of Uganda’s doubled surplus
Bank of Uganda's reported surplus doubled to Shs1.3tn ($365.5mn), but underlying earnings fell once provisions and currency gains are removed
Mobile money value reaches 72 per cent of 2025 total
Mobile money transactions in Uganda were worth Shs263tn in seven months, and first-half value rose 32.5 per cent, up from 31.2 per cent a year earlier
Museveni rejects selling dollar reserves to prop up the shilling
Uganda’s reserves stood at $6.52bn in August, nearly double February 2024, as Museveni urges fewer imports instead of dollar sales to support the shilling.More Bank of Uganda
Shilling weakens further as MPs ask why reserves are not used
The shilling closed at Shs4,085.71 on Thursday. Traders expect further losses as MPs ask why the central bank has not used its reserves
Bank lending grows at its fastest rate since 2015
Bank lending in Uganda grew at its fastest annual rate since 2015 in August, led by foreign-currency loans, according to Bank of Uganda data
Foreign buying of Ugandan government debt fades after a record 2025
Non-residents hold $2.7bn of Ugandan government debt after buying $2.2bn in 2025, but quarterly purchases fell to $25.5mn in April to June
Uganda’s trade deficit hits a record as mineral imports more than double
Uganda’s goods trade deficit reached a record $817mn in August as imports of mineral products excluding petroleum more than doubled, Bank of Uganda figures show
Shilling breaches Shs4,000 with reserves nearly double their 2024 level
Uganda's reserves are 86.6 per cent above their February 2024 level, yet the central bank says it plans no dollar sales as the shilling weakens
Platinum Credit draws Shs49bn of bids for Shs20bn of notes
Platinum Credit took Shs30bn of the Shs49.28bn bid for its notes, accepting less than half of the bids for its five-year and eight-year series
Nearly half of Uganda’s gold exports come from firm Bloomberg links to sanctioned network
Bloomberg says Thaba, behind nearly half of Uganda's gold exports, shares suppliers with a sanctioned refinery, a claim Thaba and Alain Goetz deny
Bank of Uganda tightens liquidity as shilling falls to weakest since 2024
The Bank of Uganda says it can stabilise the shilling, and has raised banks' cash reserve requirement to 13.5 per cent for the second time this year
Fuel prices push inflation higher in May
Headline inflation edged up in May as energy and transport costs climbed sharply amid higher global oil prices
Bank of Uganda’s Monetary Policy Statement for May 2026 — Full text
Monetary Policy Committee keeps rates on hold for a seventh consecutive meeting but raises its inflation outlook as fuel costs begin feeding through
