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TodayMonday, April 27, 2026

Stephen Kaboyo

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
This 20MW solar power plant in Kabulasoke, Gomba District in Central Uganda is subject to a commercial dispute between Great Lakes Energy Company NV (Great Lakes), a Dutch-registered company, that invested more than USD20 million in Ms Xsabo Power Limited, the plant developer. Dr. David Alobo (inset) the Xsabo Founder & CEO/Managing Director was found by the London Court of International Arbitration (LCIA) to have fraudulently taken away Great Lakes shares in Ms Xsabo Power Limited and misappropriated company funds. Despite the LCIA findings and orders Great Lakes Energy Company NV is yet to get the local courts to enforce the arbitral awards.

Recent big-ticket commercial disputes ⏤ does Uganda risk losing its investment destination mojo?

East Africa is the fastest-growing economic region on the continent. In 2022, Uganda, Kenya and Tanzania attracted over USD13.3 billion worth of foreign direct investment (FDI). This is according to the latest
March 18, 2024
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Dr. Tumubweinee Twinemanzi, PhD, the Bank of Uganda Executive Director is having hard conversations with undercapitalised banks.

What next for Uganda’s undercapitalised banks? 

On the 16th of November 2022, the Financial Institutions (Revision of Minimum Capital Requirements) Instrument 2022 was signed into law by Uganda’s Minister of Finance, Planning and Economic Development (MFPED), Hon. Matia
May 8, 2023
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