“Bank of Uganda has what it takes to stabilize this exchange rate. So, be still. All will be fine.” -Governor Atingi-Ego to the financial sector this morning at the Annual #BankersConference2026 organized by @ugbankers
"Colleagues, towards the end of last week the currency began to depreciate quite significantly. You all know what’s happening in the global oil prices, and our currency is a market determined currency. But I want to jog your minds a bit.
Go back to July-August 2022 when the central banks of advanced economies began raising interest rates. We saw capital flight, and the currency was shy of UGX3,900 from about UGX3,650 in February [that year]. Then it stabilized.
In August 2023 when the World Bank announced they would not disburse any new monies to Uganda, the currency was shy of UGX4,000. We weathered it.
Come February 2024 when a neighbouring country issued some bonds to buy back a Eurobond and went ahead to issue infrastructure bonds. The currency was not shy of UGX4,000. It hit UGX4,000. We weathered it.
In September 2026, because of global oil developments, the currency is trading at about UGX3,930 right now.
Why am I bringing all this? I am bringing all this to say Bank of Uganda has what it takes to stabilize this exchange rate."
The latest @AndrewMwenda article is a scary tale of Uganda’s reality today!
Apparently, someone went to @KagutaMuseveni claiming he got a cure for diabetes & cancer, & while @elonmusk tried to give him $ 50 billion for it, he was patriotic enough to refuse. Now, the govt of Uganda will give him $ 1 billion for the project! Damn!
The final paragraph is a scary summary of the state of Uganda today!
https://t.co/mK6d0PhdAK
Since we are running for Charity, i want to spice it up with a proposal of a race with in a race between me, @HonKyeyune and @BalaamBarugahar. The last two to cross the 10KM line will donate 5M each to our leader’s cause. Waiting for SG @DaudiKabanda to rule on the matter🏃🏻♂️🏃🏻♂️🏃🏻♂️
URGENT
Guys, who knows where @diplo is in Uganda.
He has a big running club and I want to engage him about Rwenzori marathon?
This is serious Bambi, let’s not joke around, tikwe?
Share until he sees it!
Congratulations to H.E. President M7 on winning the election. I sincerely thank you for the opportunity to have this appointment meeting.
It is an honor for me, as the Senior Presidential Advisor on Issues of Fangone Forest, to attend this meeting. I am grateful for the trust and remain committed to serving our country with dedication and patriotism.
Thank you for your continued leadership in guiding us, the hardworking and Stubborn Ugandans.
For God and My Country 🇺🇬.
@HelenSeku@StateHouseUg@mkainerugaba
NO APOLOGY: As at Buganda R'd Court 4 my bail hearing, this man BIRIVUMBUKA & Co. want me to 'die' in Lizira prison, I will not allow this NONSENSE... we shall be back on 27th/Feb/2026... I WON'T APOLOGIZE. Fundraising via 0701881231