Foreign exchange
Digital Payments
Zimbabwe’s government keeps wrecking its money. Indian technology will not fix that
With reserves covering two months of imports and most deposits in dollars, the ZiG has a trust problem that Indian payment technology cannot solve
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
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
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
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
Foreign exchange
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.
Foreign exchange
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
Foreign exchange