Interest rates
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
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?
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
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
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
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
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
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 debtMore Interest rates
Stanbic Bank Uganda profits rebound on fees and trading income in first half of 2018
Profit growth at Stanbic Bank - Uganda's largest bank by assets - picked up a little pace in the first half of 2018 following a decline last year. Still, the bank's primary source of income continued declining due to central bank rate cuts.
Stanbic Bank cuts prime lending rate
Stanbic Bank Uganda is cutting its prime lending rate from 18% to 17.5% for loans in Uganda shillings,
Interest rates and bank charges for personal accounts as at 1 April 2017
Charges and interest rates for personal accounts in Uganda’s commercial banks and credit institutions as at 1 April 2017
IMF warns on Kenya’s interest cap law, but gov’t says too early to tell impact
Kenya's interest rate cap law has had "unintended negative consequences" on credit availability for small and medium-sized firms, and is also undermining the effectiveness of monetary policy, according to the IMF.
Firms faced stricter lending standards in first three months of 2017
Banks applied stricter standards on loans to enterprises in the first three months of 2017 compared to the last quarter of 2016, a Bank of Uganda survey found.
Banks reduce rates on loans, but will they lend?
Several banks have announced their intention to lower prime lending rates since Monday, in response to Bank of Uganda's latest policy rate trimming.
Commercial bank interest rates and charges as at 01 January 2017
Bank of Uganda regularly publishes the charges and interest rates for personal accounts in Uganda's commercial banks to “promote transparency and enhance competition in the provision of banking services.”
Stanbic Bank follows BoU easing, cuts lending rate by 1%
Stanbic Bank is reducing its prime lending rate by 1% from 22% to 21% effective 1 December, a statement released by the lender said. This follows last week's reduction in the Central Bank Rate to 13%, the fourth consecutive rate cut this year.
Cheaper imports bigger problem than interest rates, steel magnate says
The Chinese firms constructing Karuma and Isimba hydropower plants are not buying steel from Ugandan manufacturers, according to Sikander Lalani, the chief executive officer of Uganda's largest steel manufacturer, Roofings Group.
The central bank’s stand against capping interest rates
The most vocal opposition to an interest rate cap law has not come from commercial banks, but from their regulator, the Bank of Uganda. The bank's core argument is that controlling interest rates would be moving away from economic liberalisation.
