The Bank of Uganda has bought $1.5 billion from the market this fiscal year and used currency swaps to rebuild its foreign-exchange reserves after they were drained by an aid freeze and debt ...

The Bank of Uganda has thus far broadly avoided hard currency sales, maintaining a broad stock of reserves at $4.1 billion in June. Those reserve levels, coupled with the banking system’s equally ...

Uganda’s central bank maintained its key lending rate at 9.75%, citing easing inflation amid increased investment in the country’s fledging oil-and-gas industry.

KAMPALA, May 13 (Reuters) – Uganda’s central bank kept its key lending rate at 9.75% for the third monetary policy meeting in a row on Tuesday, citing heightened global risks to the inflation ...

Uganda has joined a growing list of African countries turning to gold to support their currencies. ・The Bank of Uganda will purchase gold from artisanal miners to support local miners and reduce ...

The Bank of Uganda, Uganda’s central bank, in Kampala, Uganda, on Wednesday, May 17, 2023. Uganda estimates that it will need $28.1 billion to adapt to the effects of climate change and cut ...

Uganda's police have detained nine finance ministry officials as part of an investigation into accusations of hacking the central bank's electronic systems that resulted in theft of 62 billion ...

KCB Bank reaffirms its commitment to driving regional economic development and sector innovation during the FY2025/2026 ...

Centenary Bank, Uganda's leading commercial microfinance bank has strengthened its commitment to environmental sustainability through a strategic partnership with the National Forestry Authority ...

Uganda's central bank has begun buying locally-produced gold to bolster its depleted foreign reserves and tackle emerging challenges in international financial markets. The move could lower the ...

The bank halted funding to the East African country in August 2023 after Uganda's parliament passed the Anti-Homosexuality Act (AHA), saying the law contradicted its values.

Reuters. The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023.