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
Ugandan Shilling Ends April Steady as Dollar Inflows Bolster FX Market
The Ugandan shilling closed April trading steady within the 3655–3670 range, supported by dollar inflows from commodity exporters and offshore investors, according to Richard Nsubuga, Acting Head of Trading at Absa Bank Uganda. Demand for hard currency remained subdued throughout the week. Looking ahead, we anticipate the shilling will retain
Court Orders DFCU Bank to Pay Shs 810 million Over Disputed Nakwero Land
The High Court Judge Susan Abinyo has ordered DFCU Bank to pay Shs 810 million in general damages to 27 claimants in a long-standing land dispute concerning property in Nakwero. In June 2012, Hosanna Real Estates Limited obtained a Shs 2.5 billion loan from Global Trust Bank Uganda Limited (GTB),
Pride Microfinance Transitions to Pride Bank Limited Following Tier II License Approval
Pride Microfinance has officially transitioned to a Tier II credit institution and will now operate as Pride Bank Limited, marking a new chapter of expanded services, enhanced customer experience, and a deeper contribution to Uganda’s financial ecosystem. The announcement was made at Serena Hotel following the acquisition of a Credit
Ugandan Shilling Remains Steady Amid Balanced Currency Flows and Improved Market Liquidity
The Ugandan shilling held firm against the US dollar throughout the week, trading within a narrow and stable range. This stability was supported by balanced activity between buyers and sellers in the foreign exchange market, according to Catherine Kijjagulwe, Acting Head of Markets at Absa Bank Uganda. Commodity-related inflows were
