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Kampala · UGX
Uganda
A fast-growing market with a strengthening prudential regime, rising bank capital requirements and an expanding oil-and-gas economy driving demand for trade and project finance.
Key indicatorsIndicative
Policy rate
Aug 2026
9.75%
Inflation (y/y)
Aug 2026
3.80%
Exchange rate
Aug 2026
3,590.0
GDP growth (proj.)
2026 proj.
6.40%
Indicators
Uganda by the numbers.
Policy rate
9.75%
Aug 2026
+0.00
Inflation (y/y)
3.80%
Aug 2026
-0.03
Exchange rate
3,590.0
UGX/USD · Aug 2026
-1.70
GDP growth (proj.)
6.40%
2026 proj.
+0.06
91-day T-bill yield
10.20%
Aug 2026
-0.12
Banking NPL ratio
4.10%
Aug 2026
-0.01
Indicative figures from the TrippleShield research desk (Indicative — TrippleShield research desk); trend lines are modelled. Verify against official releases before relying on them.
Regulatory architecture
Who supervises what.
Bank of Uganda
Capital Markets Authority
Insurance Regulatory Authority of Uganda
Uganda Retirement Benefits Regulatory Authority
Uganda Microfinance Regulatory Authority
Financial Intelligence Authority
Personal Data Protection Office
Themes we're watching
What's on the agenda.
Minimum capital increases
Payment-systems licensing
Microfinance oversight
Data protection
Regulatory developments
Recent change in Uganda.
Feb 2024
Uganda removed from FATF increased monitoring
Uganda exited the FATF grey list after completing its action plan. The focus now shifts to sustaining effectiveness ahead of the next mutual evaluation.
Jun 2022
Higher minimum paid-up capital for commercial banks (UGX 150 billion)
A phased increase in minimum paid-up capital for commercial banks to UGX 150 billion prompted several institutions to recapitalise or change licence tier. Capital planning remains a board-level priority.
