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 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…
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…
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…
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…
Gift Shoko, the Manging director of Equity Bank and Professor Augustus Nuwagaba, the deputy Govenor Bank of Uganda Ugandans living abroad have been urged to move beyond sending money home for family upkeep and instead invest in businesses and other productive sectors that create wealth and support the country’s economic growth. The call was made…
Equity Bank Uganda on Saturday convened its 2026 Diaspora Webinar under the theme “From Remittances to Investment Capital: Unlocking Diaspora Wealth for Uganda’s Economic Transformation.” The virtual engagement brought together Ugandans living across Europe, North America, the Middle East, Asia, Australia and East Africa, alongside senior government and central bank officials. Opening the webinar, Gift…
