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, …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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Kampala, Uganda | THE INDEPENDENT | The Ugandan Shilling continued strengthening against the US Dollar in the year 2024/25 as remittances, exports and new government policies. The local currency ended June 2025, trading at an average mid-rate of 3,605.84 Shillings per dollar, compared to 3,653.40 per USD in May 2025, …
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Kampala, Uganda | THE INDEPENDENT | The Uganda shilling seemed to be halting the downward trend against the dollar at the close of the week, at 3,695.05 buying and 3705.05 selling, on Friday, according to the Central Bank. The shilling has been depreciating since December 19, 2024, when the dollar was …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Shilling registered a slight depreciation against the US Dollar in November 2024 after registering consecutive gains in the previous two months. A stable Shilling against currencies of major trading partners like Kenya, the USA, Europe, UK is vital for the certainty of commodity …
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The Independent Uganda: You get the Truth we Pay the Price
