Central Bank holds benchmark lending rate at 9.75%
The Monetary Policy Committee, which met on August 13, 2026, said it needed more clarity on where inflation is headed before making any changes to the rate.
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Currency updates from Thursday’s session
Traders said balanced demand and supply dynamics in the interbank market kept the currency trading within a narrow range.
African institutions, businesses to be honoured at 2026 Pacesetters International Awards
The annual Pan-African awards, organised by Jubilant Stewards of Africa (JSA), will bring together leaders from government, business, academia, diplomacy and the development sector to celebrate organisations and individuals making notable contributions to Africa’s economic and social development.
Shilling firms slightly in Wednesday’s session
Traders said the move was largely supported by strong dollar supply on the interbank market. Mid-month tax remittances to government underpinned demand for the local currency, while corporate dollar demand remained largely on the sidelines.
BOU to announce key lending rate tomorrow
The benchmark rate, known as the Central Bank Rate (CBR), serves as a signal to commercial banks on the cost of borrowing and influences interest rates charged on loans across the economy.
Gambia Armed Forces delegation benchmarks Wazalendo SACCO's success
The benchmarking discussions focused on member mobilisation, savings, loan management, governance, investment, digital financial services and strategic initiatives aimed at improving member welfare.
Traders ask finance ministry to address rising costs of doing business
The traders raised concerns during a meeting with officials from the office of the Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, at the ministry offices yesterday (Tuesday). The meeting was chaired by Ariyo Edmand, a Principal Economist who represented Ggoobi.
WhatsApp closes gap on TikTok in race for Uganda’s social media users
TikTok remained Uganda’s most subscribed platform as of June 2026, with 11.4 million subscriptions against WhatsApp’s 11 million, the report shows.
Rwenzori Marathon targets 8,000 runners as organisers push tourism, business
The organisers say participation has grown sharply since the event began, rising from 800 runners from four countries in 2022 to 2,200 runners from 17 countries in 2023. In 2024, participation reached 4,000 runners from 33 countries, before increasing to 6,000 runners from 36 countries last year.
Three arrested over unathorised sim card registration
“Police have also written to the National Identification and Registration Authority (NIRA) to obtain the full particulars of the registered owners of the recovered National Identification Cards. In addition, inquiries are being conducted with Airtel and MTN to establish whether the suspects were authorised agents of the respective companies,” he added.
Tayebwa calls for better packaging, marketing of Uganda’s tourism products
“We should not be known for gorillas alone. Imagine he did not know that there is safari in Uganda. He first went to another country and then came here for gorilla tracking. That means we need to do a lot as a country in terms of marketing and packaging so that we are not only known for gorillas, but also other tourist attractions. We have so much more,” Tayebwa said.
Kampala gold dealer arrested over sh1.6b "export" deal
It is alleged that during the transactions, Ikuna and others used SFC Special Forces Command (SFC) letterheads in some of the communications to dupe their target into believing that they were originating from the institution and that they were executing the deal on behalf of the government of Uganda.
Laropi ferry services suspended for 15 days over repairs
“Ferry services across the Laropi-Umi Ferry route will be halted temporarily from August 10 to 25, 2026, to enable our technical team to undertake the necessary maintenance interventions,” the notice states.
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Oil pipeline 93% complete
According to the update, 1,536km of the pipeline, representing 99.5% of the entire EACOP network, have been welded. Of these, 1,441km (representing 93%) have been lowered into the trench, while 90% has since been buried in the ground, with restoration activities taking place in both Uganda and Tanzania.
Chief Justice, BoU Governor hail progress of Uganda’s oil projects
The Chief Justice and the central bank governor expressed satisfaction that major infrastructure works are nearing completion.
NHCC seeks sh500b annually to tackle housing deficit
“Aware that land belongs to the people and the shrinking land space due to sprawling developments, NHCC requests for sh300 billion per year for acquisition of adequate land, especially in cities and municipalities to facilitate timely funding and implementation of projects."
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Eight soldiers netted over fight in Bank
Security sources on said the soldiers, who had recently completed military training and were on pass leave, allegedly forced their way into the bank while attempting to withdraw their salaries, triggering a stampede involving hundreds of fellow recruits.
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NSSF moves to evict tycoon Nzeyi from Temangalo land
Appearing before Parliament’s committee on commissions, statutory authorities and state enterprises (COSASE) on Wednesday, NSSF managing director Patrick Ayota said the fund had resolved to demand vacant possession of over 100 acres occupied by Nzeyi after several failed attempts to resolve the matter through a land swap arrangement.
Gombe Community breaks ground for sh1.2b agriculture lab
The euros 290,070.96 (about sh1.2b) project is funded by the European Union and the Kingdom of Belgium and implemented by Enabel under the WeWork Green and Decent Jobs for Youth programme, in collaboration with the Ministry of Education and Sports.
Matugga aggravated robbery: Police arrest suspects, recover gun
“The robbery involved armed men, who attacked a beer delivery truck, assaulted the driver, shot the manager of Rafiki Gardens, and robbed customers of their mobile phones and other valuables before fleeing the scene,” Owoyesigyire said.
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