The Bank of Uganda has launched a new guide that shows how much it costs to borrow dollars using shillings. It is called the Uganda FX Swap Curve, and it will help banks, businesses and investors understand the market better. “The Uganda FX Swap Curve is a reference benchmark derived from quotations submitted by commercial…
The Uganda shilling strengthened modestly last week, supported by robust hard currency inflows from commodity exporters, remittances, and non-governmental organizations, which outweighed prevailing demand for foreign exchange from corporate entities. According to Absa Bank Uganda weekly market report, the local unit was quoted at 3725 / 3735 on Friday morning, compared to 3745 / 3755…
NCBA Group Plc has posted a 12.2% increase in first-half profit as East Africa’s economic recovery fueled lending and customer deposits, helping the regional lender offset a sharp increase in provisions set aside against potentially bad loans. Net income rose to KSh12.4 billion in the six months ended June 30 from KSh11 billion a year…
The Uganda shilling strengthened against the US dollar in Wednesday’s trading session, supported by optimism surrounding the de-escalation of political tensions in the Middle East, according to Absa Bank Report. The local currency opened the day at 3730 / 3740 and appreciated to an intraday high of 3725 / 3735. In the money markets, liquidity…
The Uganda shilling traded slightly weaker against the dollar in today’s session, weighed down by strong interbank demand that exceeded available supply, according to Absa Bank Uganda Tuesday Market Report. The local currency opened the day at trading at 3735 / 3745 and gradually weakened to close at 3740 / 3750. Market activity remained elevated,…
The Uganda shilling strengthened against the US dollar in today’s trading session, supported by optimism surrounding the de-escalation of political tensions in the Middle East, according to Monday Absa Bank Uganda Market Report. The local currency opened the week at 3740 / 3750 and appreciated to an intraday high of 3725 / 3735. However, renewed…
The Uganda shilling traded sideways during the week against the dollar in last week’s trading session, influenced by balanced greenback demand and supply, according to Absa Bank Uganda weekly market report. Demand was largely seen coming from the energy, manufacturing, and telecommunications sectors, while balancing supply was seen originating from commodity exporters, Non-Profit Organizations, and…
The Uganda shilling traded on a weaker footing against the US dollar in today’s session, depreciating from opening levels of 3730 / 3740 to close at 3745 / 3755, according to Thursday Absa Ban Uganda Market Report. The decline was driven by strong interbank dollar demand, largely influenced by heightened geopolitical tensions in the Middle…
As Uganda’s diaspora continues to send record remittances back home, Equity Bank Uganda is strengthening its efforts to help turn these financial inflows into long-term investments that create businesses, jobs and sustainable wealth. On Saturday, 1 August 2026, the Bank will host the latest edition of its Equity Diaspora Webinar Series, an initiative that equips…
The Uganda shilling strengthened against the dollar during today’s trading session, supported by subdued corporate dollar demand, according to Wednesday’s Market Report by Absa Bank Uganda. The local currency also benefited from month-end foreign exchange inflows, particularly from remittances and non-governmental organizations (NGOs). As a result, the shilling appreciated from opening levels of 3755 /…
