Why Uganda Shilling Experienced Another Volatile Week Against Dollar
The Uganda shilling experienced another sharply bearish and volatile week against the US dollar, as sustained corporate, interbank and offshore demand significantly exceeded available foreign-currency supply, according to Absa Bank Uganda weekly market report. Through the week, the local unit depreciated by approximately 5.79%, marking a significant extension of the recent bearish trend, trading at…
Uganda Baati CEO George Arodi Exits, Amon Aruho To Oversee Operations
Uganda Baati Limited Chief Executive Officer George Arodi has left the company after concluding his tenure on October 21, 2026, with Head of Human Resources and Administration Amon Aruho set to oversee operations as the company prepares to appoint his successor. In a statement issued on Thursday, the steel manufacturer said Aruho would oversee the…
Persistent Corporate Demand Further Escalate Shilling Depreciation
The Uganda shilling remained under pressure against the dollar, depreciating to 4205 / 4215 from opening levels of 4180 / 4190, according to Absa Bank Uganda Wednesday market report. The local unit’s weakness was largely attributed to persistent corporate demand for dollars, particularly from importers and players in the energy sector, against a backdrop of…
Customers Reflection On Their Growth And Prosperity With Pearl Bank
This customer service month and in line with Pearl Bank’s ongoing campaign; When You Grow Uganda Prospers,that builds on its tag line Grow.Prosper and its purpose Foster Prosperity for Ugandans, the bank’s customers highlight their growth journey over the year indicating how this has inspired business growth and lasting impact for their businesses, communities and…
Nyamutoro, Equity Bank Push Green Investment To Cut Hotel Costs
Minister of State for Energy and Mineral Development Phiona Nyamutoro has challenged Uganda’s hospitality industry to turn the country’s green energy ambitions into profitable investments, unveiling a national initiative aimed at reducing operating costs, attracting investment and strengthening tourism competitiveness. The National Green Hospitality Initiative, launched at Serena Hotel Kampala on October 20, 2026, seeks…
Stanbic Donates 20 Hospital Beds To Support Maternal Care At Obongi Health Centre IV
Mark Ocitti Ongom, Chief Executive of Stanbic Uganda Holdings Limited (SUHL) handing over a mama kit to the area member of parliament Hassan Kaps Fungaroo and the Obong RDC Eva Kwesiga Obongi Health Centre IV, which handles nearly 1,400 deliveries annually despite significant staffing and resource constraints, has received maternal health equipment and supplies boost…
Innovating Today For Self-Reliant Refugee And Host Communities
By Jeremiah Nyagah, National Director, World Vision Uganda When a family can grow enough food to feed its children, sell the surplus to pay school fees and save money for the next planting season, food security becomes more than the absence of hunger. It becomes the foundation for dignity, opportunity and a future the family…
Why Uganda Shilling Experienced Volatile Week Against US Dollar
The Uganda shilling experienced an exceptionally volatile week against the US dollar, initially extending its steep depreciation before recovering following decisive intervention by the Bank of Uganda, according to this week’s report by Absa Bank Uganda. The local unit weakened from Monday’s opening levels of UGX 4,090/4,100 to close at UGX 4,150/4,160, as sustained demand…
Uganda Shilling Surrenders Gains Registered In Previous Session
The Uganda shilling surrendered the gains recorded in the previous session, depreciating sharply against the US dollar as it moved from 3960 / 3970 at the open to close at 4045 / 4055, according to Thursday Absa Bank Uganda market report. According to the report, the reversal was primarily driven by strong hard currency demand…
Absa Offers UGX 66 Million In Cash Prizes To Drive Business Debit Card Usage Among SMES
Absa Bank Uganda has launched a three-month SME Business Credit Campaign aimed at encouraging digital payments among small and medium-sized enterprises (SMEs) while rewarding businesses that embrace cashless transactions. Running from 15 October 2026 to 15 January 2027, the campaign will offer UGX 66 million in cash prizes, with one customer winning UGX 22 million…
