Banks are lending more freely for now, but are preparing to tighten the taps as election uncertainty builds, and borrowers show signs of strain. Lending conditions in the quarter ending December 2025 were broadly unchanged, though with a gentle bias toward easing. Credit standards eased by 9.2% for enterprises and 18.5% for households, supported by stable inflation, seasonal demand, and targeted support for small businesses and consumers. That supportive stance is expected to shift. Banks anticipate a net tightening of 16.1% in enterprise credit standards by March 2026, marking a clear move from cautious optimism toward more active risk management….
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As the rest of Uganda chokes on expensive credit, with commercial bank lending rates hovering between 18 and 20 percent, staff at the Bank of Uganda (BoU) are enjoying the rare comfort of nearly interest-free, long-term loans stretching up to two decades. Revelations from the central bank’s latest Integrated Annual Report 2024/25 have lifted the lid on a rare privilege: access to nearly interest-free loans for central bank staff and executives, stretching up to 20 years and offered at rates between 0% and 3%. The disclosure has triggered both curiosity and criticism. For some, it’s a thoughtful staff welfare strategy,…
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Bank of Uganda is set to regulate operations of mortgage refinancing institutions once the Mortgage Refinance Institutions Bill, 2025 is passed into law. The Bill mandates the Central Bank to…
Uganda’s central bank, the Bank of Uganda (BoU), has appointed Collin Babirukamu as its new Executive Director of Information Technology. This move is set to bolster the central bank’s digital transformation efforts. His appointment, alongside Ann Margaret Kaggwa Kasule as Executive Director of legal Services, adds fresher perspectives to the central bank’s top leadership. Babirukamu, who has been serving as Director of E-Government Services at the National Information Technology Authority (NITA-U), will assume his new role at BoU after completing his notice period with his current employer. His selection follows a rigorous interview process conducted by the BoU Board…
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Travelling in rural Uganda and interacting with the population whose farming activities are imperiled by unprecedented rainfall patterns, one is likely to hear farmers who have worked the same land…
By Silvia Nyambura Without proper evaluation of the youth capital venture fund, government unveils yet another massive youth scheme: In its efforts to fight youth unemployment, in early 2012 the Ugandan government in partnership with DFCU bank, Stanbic and Centenary bank unveiled a venture capital initiative aimed at empowering youth between 18 and 35 years of age to fund their start up businesses as well as grow existing ones. Of the Ushs 25 billion allocated, Ushs 7.16 billion was given to Centenary bank while the rest was presumably disbursed to the other two banks (the two banks couldn’t confirm the amount they received). Centenary bank which seems…
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By Patrick Kagenda The Uganda Shilling is forecast to strengthen further against the US Dollar in the coming week, helped by inflows from NGOs and from offshore investors participating in debt auctions. Stanchart bank financial markets department quoting the weekly close of trading ended Friday February 14, 2014,said commercial banks quoted the currency rate at Ushs 2,463/2,468 to the dollar stronger than last week’s close of Ushs 2,468/2,473. At the Alpha Capital Partners, the Managing Director Stephen Kaboyo said, the shilling traded sideways in a market characterized by low market activity. Kaboyo said, “ mid week some demand emerged as…
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By Taddewo Senyonyi Bank of Uganda (BoU), on February,4, 2014 maintained the February 2014 Central Bank Rate (CBR) at 11.5% to further control inflation. This follows an increase in annual overall inflation (Headline inflation) to 6.9% in January from 6.7 in December 2013, largely on account of annual food crop’s inflation, which rose to 21.4% from 12.7% in December 2013, due to relatively high food prices in January 2013. However, Annual Core Inflation (the measure of inflation that excludes prices of food crops, energy and utilities) declined to 4.6% from 5.7% in December 2013. BoU Deputy Governor Louis Kasekende while…
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By Patrick Kagenda The shilling opened the trading week ended Jan 31, 2014, strong against the dollar trading at Ushs 2450/75 in a market characterized by low market activity. At the Alpha Capital Partners, the Managing Director Stephen Kaboyo said, “Mid week the shilling weakened marginally as interbank and corporate demand improved. In the government securities market, BoU auctioned Ushs 130bn in 3 and 10 year bonds. Yields dropped to 13.186% and 13.954% respectively. The auction was oversubscribed by Ushs 286bn
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By Taddewo Senyonyi Every January, The CEO Magazine predicts a set of CEOs who are expected to face a rough year, over the years, we have been spot on, with a number of CEOs fired and other facing but eventually overcoming raging storms. This time round we bring you yet another set of CEOs who are likely to face a tough 2014. 1. Emmanuel Tumusiime-Mutebile, Governor Bank of Uganda Prof. Mutebile was voted as Africa’s best governor in 2013 because of his monetary stance that saw inflation fall sharply from a high of 30% in January 2012 to about 8% by the end of 2013….
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