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TodayThursday, May 07, 2026

Michael Ating-Ego

The shilling swung sharply last week, tumbling midweek before staging a cautious rebound. Offshore outflows and import demand drove volatility, but the currency’s recovery signals resilience ahead of the festive and election seasons.
The shilling swung sharply last week, tumbling midweek before staging a cautious rebound. Offshore outflows and import demand drove volatility, but the currency’s recovery signals resilience ahead of the festive and election seasons.

Shilling on the Edge: Market Jitters Ease After Heavy Midweek Depreciation – Will the Gains Hold?

The shilling experienced one of its most volatile stretches in recent months. It swung wildly as offshore realignments and rising import demand disrupted its long-held stability. The currency opened last Monday (10
November 17, 2025
All depositors of Afriland First Bank Uganda Limited have been advised to withdraw their funds from the solvent bank

Afriland First Bank closes before it starts

Bank of Uganda (BoU) has officially approved Afriland First bank Uganda Limited’s request for voluntary closure. The central bank and banking sector regulator in exercise of it’s powers under section 98 (1)
May 26, 2022
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