Interest rates

Five men in dark suits stand on a stage at NSSF's annual members' meeting. Finance minister Henry Musasizi, second from left, shakes hands with a man on the far left, beside gender minister Henry Tumukunde, centre, and NSSF managing director Patrick Ayota, far right. The figure 22.53 is displayed on a large screen behind them.

NSSF pays a record 22.53%, partly from gains it has not banked

NSSF's record payout nearly doubles last year's, and we explain where the Shs5.44tn came from and what it means for next year

Patrick Ayota, NSSF managing director, gesturing while speaking at a lectern, with a screen behind him reading "The Fund Performance FY25/26"

Will NSSF’s Ayota finally upstage Byarugaba?

NSSF's preliminary numbers support a 14.5% interest rate. Beating Byarugaba's 15% record would cost little more. Will Patrick Ayota take the shot?

A stack of Ugandan shilling banknotes—50,000, 20,000, 10,000, and 5,000—arranged in a currency counting machine.

Bank of Uganda

Bank of Uganda tightens liquidity as shilling falls to weakest since 2024

The Bank of Uganda says it can stabilise the shilling, and has raised banks' cash reserve requirement to 13.5 per cent for the second time this year

National Social Security Fund

NSSF’s record year is smaller than it looks

NSSF reported record revenue of Shs6.5 trillion for the year to June, but only Shs3.9 trillion of that was income actually collected in cash

The oil and chemical tanker Petrel Pacific moored at a terminal during twilight, discharging ballast water.

Monetary policy

Bank of Uganda’s Monetary Policy Statement for May 2026 — Full text

Monetary Policy Committee keeps rates on hold for a seventh consecutive meeting but raises its inflation outlook as fuel costs begin feeding through

The Bank of Uganda's headquarters in Kampala

Sovereign bonds

February’s bond rally fades as 10-year yield jumps 100 basis points

Uganda's 10-year bond yield rose a full percentage point in two months, partially reversing February's contraction even as investor demand hit exceptional levels

Foreign exchange

Uganda shilling weakens sharply as oil prices and global risk sentiment shift

Rising oil prices and shifting investor sentiment drive Uganda shilling to weakest level since mid-2024

Standard Bank Group's headquarters in Johannesburg

Banking Sector

Stanbic trading desk powers record profit

Stanbic Uganda Holdings posted its strongest profit growth in three years in 2025, led by a surge in trading income and compressed interest margins

Uganda bonds draw strong demand as yields fall to near two-year lows

Investors accepted sub-coupon rates across all three tenors at February's auction, signalling a marked shift in sentiment towards Ugandan sovereign debt

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