BoU Grants Finance Trust Bank Tier II Credit Institution Licence
The Bank of Uganda (BoU) has granted a licence to Finance Trust Bank Limited to operate as a Tier II Credit Institution. The licence follows a decision by Finance Trust Bank’s Board of Directors to adopt a strategic shift aimed at repositioning the institution to better serve its core customer
Uganda launches Okusevinga Money Market Trust Scheme to broaden investment access
The Ministry of Finance, Planning and Economic Development [MoFPED], in partnership with the Bank of Uganda [BoU], has launched the pilot phase of the Okusevinga Money Market Unit Trust Scheme, a new government-backed initiative aimed at broadening access to safe and affordable investment opportunities. Okusevinga is the first government-owned unit
Currency in Circulation Hits Shs 8.9 Trillion as BOU Spends Shs 193.7 Billion on New Notes
The Bank of Uganda (BOU) spent Shs 193.76 billion to print new banknotes in the 2024/25 financial year, a significant rise from Shs 174.21 billion in the previous year, according to the BOU Integrated Annual Report released in October 2025. An additional Shs 9.8 billion was spent on minting coins,
National Cooperative Conference 2025 Set for this week in Kampala
President Yoweri Kaguta Museveni is expected to grace the National Cooperative Conference 2025, organised by the Uganda Cooperative Alliance [UCA]. The high-level event will take place on Thursday at Kololo Independence Grounds in Kampala. According to UCA General Secretary Ivan Asiimwe, the conference will be held under the theme: “Driving
Banking on Wellness: UIBFS and UBA Launch 2025 Annual Bankers’ Sports Gala
The Uganda Institute of Banking and Financial Services (UIBFS), in partnership with the Uganda Bankers Association (UBA), launched the 2025 Annual Bankers’ Sports Gala on the evening of September 5th at the UBA offices in Muyenga. The event kicked off with the highly anticipated Bankers’ Run/Walk, which also marked the
BoU to raise Shs 1.4trn in August Treasury bond auction
The Bank of Uganda (BoU) has announced a scheduled auction for four categories of treasury bonds on Wednesday, August 6, 2025 with an aim to finance government operations and manage public debt. The central bank aims to raise a total of Shs 1.4 trillion through this multi-tenure auction, reflecting the
BoU’s Costly Battle to Bury the Shs1,000 Note Faces Public Pushback
What was supposed to be a simple currency upgrade is turning into a costly headache for the Bank of Uganda (BOU). The central bank’s ambitious plan to phase out the familiar 1,000 shilling banknote has hit a snag — sky-high coin production costs and a public that just won’t warm
Supreme Court Dismisses Nzeyi’s Appeal Over National Bank of Commerce Liquidation
The Supreme Court has dismissed a petition filed by Humphrey Nzeyi challenging the liquidation, closure, and subsequent sale of the National Bank of Commerce (NBC). In a unanimous ruling, the seven justices; Prof. Lillian Tibatemwa Ekirikubinza, Percy Night Tuhaise, Mike Chibita, Elizabeth Musoke, Christopher Madrama, Catherine Bamugemereire, and Monica Mugenyi
Gov’t to issue corporate bonds to fund state-owned enterprises
Government is exploring plans to issue corporate bonds in the upcoming financial year as a strategy to raise capital for state-owned enterprises, and to rejuvenate the country’s underperforming corporate bond market. The proposal, however, faces significant hurdles, chief among them being the lack of credit ratings for most state enterprises,
“Currency, Money Markets Remain Steady Amid Global Trade Developments”
The Ugandan shilling remained stable, trading within the 3,650–3,670 range, supported by dollar inflows from commodity exporters and offshore investors, according to Richard Nsubuga, a Trader in CIB Markets at Absa Bank Uganda. Demand for the dollar remained low throughout the week. We anticipate the shilling will maintain its strength
