Bank of Uganda

Afriland First Bank closes before it starts

by Alphred Rhyman AgabaCompany NewsNews & AnalysisMay 26, 2022May 26, 2022

Bank of Uganda (BoU) has officially approved Afriland First bank Uganda Limited’s request for voluntary closure. The central bank and banking sector regulator in exercise of it’s powers under section…

May 13 – May 20, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceNews & AnalysisMay 20, 2022May 20, 2022

The Uganda shilling posted sharp losses buoyed by a surge in demand from commercial banks, manufacturing and energy sectors. The unit broke through key levels to trade at 3665/75.In the…

May 6 – May 13, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisNews & AnalysisMay 13, 2022May 13, 2022

The shilling nursed losses testing 100 day low touching 3600 technical level, pressured by substantial demand from commercial banks, energy and manufacturing sectors. The UGX trend was similar to its…

April 29– May 6, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceNews & AnalysisMay 6, 2022May 6, 2022

The Uganda shilling slipped amid elevated greenback demand late in the week, wiping off earlier mild gains as a result of some export flows and interbank position unwinding. Trading was…

ILLEGAL! Companies Trading Crypto Assets not Licensed by Bank of Uganda

by Nelson NambooleNews & AnalysisMay 3, 2022May 3, 2022

Bank of Uganda has revealed that it has not licensed any institution to sell or to facilitate the trade in crypto-currencies in Uganda. Crypto-currencies are digital assets that are designed…

Ugandan financial stakeholders commit to work for financial inclusion

by CEO ReporterNews & AnalysisThe Big StoryApril 30, 2022April 30, 2022

Key stakeholders of the Ugandan financial ecosystem came together on April 28, 2022 during a Scale2Save knowledge sharing event, which concluded with a joint call to action with concrete steps…

April 15 – April 22, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisApril 22, 2022April 22, 2022

The Uganda shilling was wobbly on uptick of interbank demand as business activity picked up following an Easter holiday break. Trading held in the range of 3525/3535. In the bond…

April 8 – April 15, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisNews & AnalysisApril 15, 2022April 15, 2022

The Uganda shilling traded with a mild appreciation bias following a dovish central bank monetary policy decision to keep the policy rate unchanged . The unit traded in the range…

Uganda is not short of demand for credit, the challenge is supply

by CEO ReporterFinanceIndustry & AnalysisNews & AnalysisThought LeadershipApril 6, 2022April 6, 2022

By Martin Mugisha In to the Monetary Policy Report February 2022, the Bank of Uganda said that Private Sector Credit (PSC) growth lost momentum in the quarter to December 2021,…

March 25 – April 1, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisApril 1, 2022April 1, 2022

The Uganda shilling traded firmer, propped up by end month flows that improved supply levels amid subdued demand. Bid and ask held at 3585/95. In fixed income space, yields turned…