The Uganda shilling posted notable gains against the US dollar during today’s session, closing firmer at 3705/3715 from opening levels of 3720/3730. The move was largely supported by strong dollar supply on the interbank market. Furthermore, mid-month tax remittances underpinned demand for the local currency, while corporate dollar demand remained largely on the sidelines. In…
Standard Chartered Bank Uganda is marking a historic 114 years of operations in the country, cementing its status as Uganda’s longest-established international commercial bank. Since opening its first branch in Kampala in August 1912, the bank has transitioned from the early days of trade to become a cornerstone of Uganda’s modern, connected economy. A Legacy…
The Bank of Uganda governor told delegates at the inaugural National Cybersecurity Conference on Tuesday that cybersecurity should be treated as core national infrastructure rather than an IT problem. Cybersecurity is the practice of protecting computers, networks, and data from digital attacks. On the other hand, Cybercrime is the illegal use of technology to commit…
The Bank of Uganda has licensed two more large Savings and Credit Cooperative Organisations (SACCOs), bringing the number of large SACCOs under its direct supervision to six. The newly licensed SACCOs are Share An Opportunity SACCO, based in Zirobwe, and Kihondo Tukwatanize SACCO, based in Fort Portal. The licences were presented on Thursday, August 6,…
The Uganda shilling traded within a narrow range against the US dollar during today’s session, holding steady around 3720/3730 amid subdued market activity. The currency remained range-bound as balanced demand and supply conditions in the interbank market kept movements contained. In the money markets, liquidity conditions remained ample, with overnight and one-week funding rates averaging…
Equity Banks Board Chair Henry Rugamba, MD Gift Shoko and other senior executives together with the team at Microhaem Scientific in Ntinda On the morning of 7 August 2026, Equity Bank Uganda’s Board Committee, led by Board Chair Henry Rugamba and accompanied by Managing Director Gift Shoko and senior executives, conducted a strategic engagement and…
Uganda Baati has unveiled a refreshed brand campaign for Dumuzaz, one of Uganda’s most iconic roof sheet brand, reaffirming its legacy as the country’s trusted roof sheet for generations of homeowners. Built on the campaign theme “Amabaati Ameeru, Amawangaazi”, the initiative seeks to reconnect Ugandans with a brand that has long been synonymous with quality,…
Uganda’s economy is growing strongly with low inflation, but a widening budget deficit and rising debt costs remain key weaknesses ahead of the long-awaited start of oil production later this year, the International Monetary Fund (IMF) said. The IMF’s Executive Board concluded its 2026 Article IV consultation with Uganda on July 27, praising robust growth…
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…
In the group photo is the MD of Master Grain Millers Limited, Hajji Swammit Itaaga, (in the middle standing next to Equity Bank Board Chairman Henry Rugamba(Army Green Shirt) ) and Equity Bank Managing Director Gift Shoko When Master Grain Milling Limited produced its first bag of wheat flour in 2013, the business was a…
