Tag Archives: shilling

  Kampala, Uganda | URN | Bank of Uganda Governor Dr Michael Atingi-Ego has warned that the central bank cannot sustainably defend the Ugandan shilling against depreciation, saying long-term stability will depend on increasing exports, tourism earnings and domestic production. Appearing before Parliament’s Committee on Commissions, Statutory Authorities and State …

Kampala, Uganda | URN | The weakening of the Uganda shilling against the US dollar is threatening Kiruddu National Referral Hospital’s ability to procure essential medical equipment, as suppliers revise quotations upwards, creating funding gaps and forcing the facility to reconsider projects already included in its approved budget. The hospital …

NEWS ANALYSIS | URN | The weakening shilling is forcing households to reconsider how they spend their money, but the government’s call for people to adjust their lifestyles has equally raised a mixed reaction. Amidist the debate, some are asking: how much of the economic strain is caused by external …

Kampala, Uganda | URN | Bank of Uganda Governor Michael Atingi-Ego has rejected suggestions that Uganda’s Sovereignty Bill may have contributed to the recent depreciation of the shilling, attributing the currency’s weakness primarily to a widening current account deficit and reduced portfolio investment flows. The Protection of Sovereignty Act, 2026, …

    Kampala, Uganda | URN | Bank of Uganda Governor Michael Atingi-Ego has rejected suggestions that Uganda’s Sovereignty Bill may have contributed to the recent depreciation of the shilling, attributing the currency’s weakness primarily to a widening current account deficit and reduced portfolio investment flows. The Protection of Sovereignty …

  The strongest protection is not just raising interest rates or special windows for dollars. It is building an economy that sells more than it buys from the rest of the world    COMMENT | MORRISON RWAKAKAMBA | In simple words, Uganda needs to earn more dollars than it spends, year …

Kampala, Uganda | URN | Kabweri County Member of Parliament Patrick Godfrey Wakida has blamed Uganda’s weakening shilling on domestic economic pressures, including declining foreign currency inflows, investor uncertainty and rising demand for dollars, arguing that the country’s economic challenges cannot be explained solely by external shocks. In an October …

Kampala, Uganda | URN | The Uganda National Oil Company (UNOC) has attributed the sharp rise in fuel prices to global supply disruptions, the depreciation of the Uganda shilling and a new Shillings 200 duty introduced in the current financial year. UNOC Chief Executive Officer Proscovia Nabbanja made the remarks …

  COMMENT | WILSON MANISHIMWE | The Uganda Shilling has experienced a sharp depreciation over the US Dollar recently, driven primarily by escalating international political tensions, a spike in global oil prices and intense dollar demand from corporate sectors. Available data indicates that the exchange rate hit UGX 3,920 per …

Kampala, Uganda | URN | The Uganda Shilling has continued to weaken against the US Dollar, with the official Bank of Uganda (BoU) exchange rate reaching new highs on Tuesday. The dollar was quoted at 3,919 Shillings on the official market, while commercial banks were selling it for as much …