Uganda is an east-central African landlocked country. Uganda, which is about the size of the United Kingdom, is home to dozens of ethnic groups. The English language and Christianity assist to bring these varied peoples together in Kampala, the cosmopolitan capital with dozens of tiny parks and public gardens and a magnificent promenade along the shore of Lake Victoria, Africa’s largest freshwater lake. The Swahili language connects Kenya and Tanzania, two East African countries.
Although Uganda is home to a diverse range of ethnic groups, the country is typically divided into the “Nilotic North” and the “Bantu South.” Bantu speakers constitute the majority of Uganda’s population. The Ganda are the largest single ethnic group, accounting for nearly one-sixth of the entire national population. Soga, Gwere, Gisu, Nyole, Samia, Toro, Nyoro, Kiga, Nyankole, Amba, and Konjo are other Bantu speakers. A significant number of Rwandan (Banyarwanda) speakers who fled Rwanda in the late 1960s and early 1970s also stayed in Uganda until the mid-1990s.
There are at least 32 languages spoken in Uganda, but English, Swahili, and Ganda are the most often spoken. Although only a small percentage of the population speaks English fluently, entry to high office, status, and economic and political influence is nearly impossible without a basic command of the language. Swahili was chosen as another official national language due to its potential to facilitate regional integration, despite the fact that Ugandans’ command of Swahili is significantly lower than that of Tanzania, Kenya, and even the eastern Democratic Republic of the Congo. Furthermore, a big number of Ugandans regard Swahili as the language of former rulers and armies.
The Bank of Uganda, Uganda’s national bank, was established in 1966. It supervises Uganda’s commercial banks, acts as the government’s bank, and issues the Uganda shilling, the country’s currency. The official exchange rate of the shilling versus international currencies is decided by the government.
The Uganda Commercial Bank and the Uganda Development Bank meet the majority of the country’s commercial and financial needs. Commercial banks are also owned by Ugandan, British, South African, Indian, Egyptian, and Libyan companies. In Kampala, there is a stock exchange.
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