The Uganda shilling strengthened against the US dollar in today’s trading session, supported by subdued greenback demand from most corporate players, according to Absa Bank Uganda’s Wednesday market report. According to the report, the local currency also benefited from continued inflows from remittances and the commodities sector, closing at 3720/3730 compared to the previous session’s…
East Africa’s ambitious drive toward rapid industrialisation is crashing on a fragmented, legacy financial system that fails to move capital as fluidly as goods across regional borders. Despite the registered regulatory milestones under the EAC Common Market Protocol, economic experts and private sector leaders warn that the region’s credit and payment architecture remain locked in national silos. This structural mismatch inflates…
Uganda’s property market entered 2026 balancing a robust 6.4% GDP growth projection against a backdrop of global volatility and significant domestic shifts. According to the Knight Frank Uganda’s performance review of Kampala’s property market over the first half of 2026, while external shocks from the Middle East conflict lifted fuel prices and pushed annual inflation…
Despite some support from remittance inflows and commodity exporters, the Uganda shilling weakened against the dollar on Monday, according to Absa daily market report. According to the report demand from the energy and manufacturing sectors continued to exert pressure on the market. The shilling closed at 3715/3725, softer than last week’s close of 3705/3715. Money…
Anant Kumar Manjithia, Managing Director of UKI Uganda Limited guiding Gift Shoko, the Managing Director of Equity Bank and the leadership of the Bank through a strategic tour of the factory in Mbale As Ugandan manufacturers look beyond the domestic market, moving money across borders efficiently is becoming as important as moving goods. For Mbale-based…
Uganda’s improving macroeconomic stability, stronger foreign exchange reserves and anticipated oil production are enhancing the country’s prospects as an investment destination, with economic growth expected to accelerate as commercial oil production comes on stream. Economist Stella Otieno told an Equity Bank Uganda trade and investment webinar on Wednesday that Uganda had sustained economic growth of…
When Henry Musasizi, the finance minister, told Journalists on the sidelines of the Uganda Development Bank’s annual general meeting that he wants the bank’s lending rate to fall from 12% toward single digits, he seemed to describe a goal that sits awkwardly next to his own ministry’s borrowing habits. Commercial banks charge businesses an average…
Jagdish Srivastava, the CEO of Modern Group, Gift Shoko the Managing Director of Equity Bank Uganda and the leading of the bank pose for a photo after a strategic engagement As Uganda’s industrial sector continues to expand, access to responsive and flexible financial solutions is becoming increasingly important for businesses seeking to scale operations and…
By Prof Augustus Nuwagaba (PhD), Deputy Governor Bank of Uganda There has been a lot of debate in regard to what makes a currency potent. Is it the exchange rate against the United States Dollar (USD)?; the size of the notes in your wallet?; or something else? The truth is; a strong currency starts with…
The Uganda shilling remained largely unchanged against the US dollar during Thursday trading session, hovering around 3705/3715 in a quiet market environment. According to Absa Bank report, balanced demand and supply dynamics in the interbank market kept the currency trading within a narrow range. Liquidity conditions in the money market continued to improve, supported by…
