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
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
FSD Uganda report leaves recovery fund figures unexplained FSD Uganda’s 2025 fund report gives conflicting loan totals and no formula for its multiplier, and the organisation has not answered questions
OPEC Fund appraises €150mn loan for Uganda railway The OPEC Fund is reviewing a €150mn railway loan for Uganda, where the project office says full implementation depends on concluding financing
