Investors placed strong demand on the one-year Treasury bill in Wednesday’s auction, with the Bank of Uganda accepting Sh424.5 billion against the Sh300 billion offered. Results from Treasury Bills Auction No. 1237, held on November 4, 2026, show that the 364-day Treasury bill recorded a cut-off yield of 14.750 per cent, the highest across the…
The Uganda shilling strengthened against the US dollar in today’s trading session, supported by robust inflows from the commodities sector, month-end remittances, and Not-for-Profit organizations, which kept the market well supplied with dollars. According to Absa Bank daily report, as a result, the local currency appreciated to close firm at 4230 / 4240 from opening…
The Uganda shilling opened the day on a weaker footing, slipping from opening levels of 4275/4285 to an intraday low of 4295/4305 during the morning session, pressured by strong corporate demand for the US dollar. According to Absa Bank daily market report, However, the local unit recovered its earlier losses in afternoon trade, supported by…
Demand for education savings and investment-linked insurance products has emerged as a key driver of growth in life assurance business, helping Equity Bank Uganda more than double life insurance premiums to Shs11.72 billion in the second quarter of 2026. The bank reported that life assurance premiums rose from Shs5.73 billion in the corresponding quarter of…
The Uganda shilling experienced another volatile week against the US dollar, initially extending its depreciation to a fresh record low before recovering on improved foreign-currency supply and softer demand, according to Absa Bank weekly market report. The local unit opened Monday at UGX 4440 / 4450 and weakened to UGX 4500 / 4510, as sustained…
Absa Group has expanded its international presence with the opening of its Dubai office, strengthening two-way trade and investment connections between the Middle East and Africa. Located in the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, the office brings Absa closer to…
The Uganda shilling posted gains against the US dollar on Thursday (29th October 2026), appreciating from opening levels of 4340 /4350 to an intraday high of 4330 / 4340, before closing the session at 4345/4355, according to Absa Bank daily market update report. According to the report, the recovery was largely driven by subdued dollar…
Ann Njeri, Chief Operations Officer of ICEA LION Uganda Customer Service Week may be over, but the real test of service excellence begins after the celebrations. Can organizations consistently deliver on their promises when the banners come down? Too often, customer service is left to the customer care department. Complaints are referred to frontline staff,…
Equity Bank Uganda recorded total bancassurance premiums of Shs16.13 billion in the second quarter of 2026, giving it an 8.77 percent share of the market and placing it fourth among banks in Uganda’s bancassurance segment. The performance was driven largely by growth in life assurance business, which offset slower growth in non-life insurance and reflected…
The Uganda shilling posted notable gains against the US dollar on Tuesday, appreciating from opening levels of 4500/4510 to an intraday high of 4340/4350, before closing the session at 4380/4390, according to Absa Bank daily market report. The recovery was largely driven by subdued dollar demand and a healthy supply of foreign exchange inflows, which…
