News Spotlight
Uganda’s economy is on an upward trajectory, having demonstrated notable resilience and strong recovery amidst global, regional, and domestic economic shocks, Finance Minister Hon. Matia Kasaija has announced. Speaking at the Uganda Media Centre during a press briefing on Tuesday, Minister Kasaija said the economy expanded from Shs 203.7 trillion (USD 53.9 billion) in FY…
The Bank of Uganda (BoU) has maintained the Central Bank Rate (CBR) at 9.75% for the tenth consecutive month, citing global economic uncertainty, geopolitical tensions, and the need to manage inflation without stifling domestic growth. The decision was announced following the Monetary Policy Committee (MPC) meeting held on August 12, 2025. The BoU emphasized that…
Kampala, Uganda – Police in Kabalagala are investigating a suspected case of negligence following a powerful explosion that rocked the sauna section of Buziga Country Resort on Saturday evening. The blast, which occurred at approximately 8:30 PM on August 24, left three women seriously injured and caused significant structural damage to the facility. The victims have…
Mpigi, Uganda – Police in Nsangi are holding nine people in custody following a road safety incident involving a commuter taxi overloaded with passengers en route to a football match in Buwama, Mpigi District. According to the Directorate of Traffic and Road Safety, the vehicle, a Toyota Hiace registration number UBH 183S, was intercepted after…
Senior government technocrats have called on planners across ministries, departments and agencies (MDAs) to align their work to Uganda’s long-term development agenda while guarding against waste and manipulative budgeting practices. Speaking at a meeting of central and local government planners organised by the Ministry of Finance, Planning and Economic Development (MoFPED) at Speke Resort, Permanent…
For the past 14 months, the Ugandan shilling has been on a steady path of appreciation, raising questions about the underlying drivers and the role of the central bank. Speaking recently, Bank of Uganda Governor Michael Atingi-Ego broke down the factors shaping the currency’s movement—and what it means for the wider economy. Market-Driven, not manipulated…
The Ugandan shilling strengthened further in July 2025, marking its fourth straight month of appreciation against the US dollar, according to the Ministry of Finance’s latest economic report. The currency gained 0.5 percent in July, trading at an average mid-rate of UGX 3,586.57 per dollar, up from UGX 3,605.84 in June. This follows steady gains…
As global attention shifts elsewhere, a silent emergency is unfolding in Uganda’s refugee settlements, where aid cuts are pushing already vulnerable communities to the brink. Nakivale Refugee Settlement, one of the oldest and largest in Uganda, is rapidly descending into crisis. Once vibrant community gardens now lie abandoned, youth programmes have stalled, and a growing…
The Governor of the Bank of Uganda (BoU), Michael Atingi-Ego, has urged members of the public who fall victim to mobile money fraud to report cases through the established channels, assuring them that the central bank takes such concerns seriously. According to the Governor, customers who believe they have been defrauded must first lodge their…
As the Confederation of African Football (CAF) qualifiers continue, the Uganda Police Force has reaffirmed its commitment to maintaining tight security at Mandela National Stadium ahead of two key fixtures scheduled for Friday, August 8. This follows a successful initial round of matches at the stadium, where police say their security team effectively ensured order…
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