Bank of Uganda Launches Domestic Gold Purchase Program to Boost Reserves

The Euro Gold Refinery, located along Katego Road in Kamwokya, was commissioned on Tuesday, July 29, 2025, by the Minister ...

Bank of Uganda faces unexpected hurdles phasing out the Shs1,000 note, primarily due to soaring costs of minting replacement coins. Discover why Uganda's old currency is sticking around

Bank of Uganda Faces Hurdles Phasing Out 1,000 Shilling Note

by LILIAN MUWONGE | UG STANDARD REPORTER

28/07/2025

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Bank of Uganda faces unexpected hurdles phasing out the Shs1,000 note, primarily due to soaring costs of minting replacement coins. ...

MTN Uganda's mobile money restructuring faces "red flag" warnings from shareholders and a former partner alleging deceit and undisclosed liabilities. Regulators are urged to intervene.

RED FLAG! Shareholders worried as MTN moves to restructure MoMo services

by MANFRED TUMUSIIME | UG STANDARD REPORTER

30/06/2025

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428

MTN Uganda's mobile money restructuring faces "red flag" warnings from shareholders and a former partner alleging deceit and undisclosed liabilities. ...

Pride Bank Limited officials pose with their awards in Kampala, Uganda. The bank was recently recognized by the Bank of Uganda as First Runner-Up for its leading agricultural and small business credit solutions.

Bank of Uganda recognizes Pride Bank’s credit solutions

by Ronald Mayega | Reporter

12/06/2025

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Pride Bank Limited officials pose with their awards in Kampala, Uganda. The bank was recently recognized by the Bank of ...

Fitch Downgrades Afreximbank to ‘BBB-‘; Outlook Negative

by MANFRED TUMUSIIME | UG STANDARD REPORTER

10/06/2025

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155

FRANKFURT AM MAIN, Germany – Fitch Ratings announced Wednesday it has downgraded the African Export-Import Bank's (Afreximbank) Long-Term Issuer Default ...

Whistleblower Alleges Money Laundering, Unregulated Lending Against Equity Bank

by Julian Ninsiima | Reporter

08/06/2025

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Equity Bank Uganda's headquarters in Kampala, now at the center of a multi-billion fraud scandal. Allegations of a fake gold ...

According to the report, Mobile Money wallets linked to mobile network operators had grown to 36.9 million, as of June, while 3.8 million were administered by licensed non-mobile network operator payment service providers.

Why families are struggling to access deceased’s mobile money, bank funds

by JOSEPH NSIMBI | UG STANDARD REPORTER

28/04/2025

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213

Billions of Ugandan shillings remain unclaimed in deceased individuals' mobile money and bank accounts due to complex legal processes. Experts ...

A Ugandan borrower counts out cash, highlighting the high cost of credit in the country, where exorbitant interest rates drive many to seek loans from unregulated lenders

Govt: All betting wins to be paid through Bank of Uganda

by JOSEPH NSIMBI | UG STANDARD REPORTER

07/04/2025

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205

The measure, introduced in the Tax Procedures Code (Amendment) Bill, 2025, aims to improve tax compliance and curb illicit financial ...

Blessed Riverstones Uganda Limited denies gold scam allegations, citing commitment to transparency and legitimacy in Uganda's mining sector

MALICIOUS AND UNFOUNDED! Ugandan mining firm Blessed Riverstones denies scam allegations

by Ronald Mayega | Reporter

28/03/2025

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Blessed Riverstones Uganda Limited denies gold scam allegations, citing commitment to transparency and legitimacy in Uganda's mining sector KAMPALA, Uganda — Blessed ...

South Sudan has emerged as a major market for Uganda's manufactured goods, including cement, sugar, fast-moving consumer goods, and cereals. These products are also exported to the DRC.

South Sudan surpasses Kenya as Uganda’s top export market

by Julian Ninsiima | Reporter

19/03/2025

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South Sudan has emerged as a major market for Uganda's manufactured goods, including cement, sugar, fast-moving consumer goods, and cereals. ...

Tag: Bank of Uganda