The Uganda shilling experienced a volatile but relatively stable week against the dollar, opening Monday at 3770 / 3780 and closing the week marginally weaker at 3775 / 3785, according to Absa Bank Uganda’s weekly market report. According to the report, the local currency initially depreciated to 3780 / 3790 amid sustained interbank and corporate…
Kenya Airways has appointed Habil Waswani as Acting Group Managing Director and Chief Executive Officer following the resignation of Capt. Allan Kilavuka. Waswani will assume the role on 15 September 2026 and serve on an interim basis for 30 days as the airline begins the process of recruiting a substantive Group Managing Director and CEO….
Jkayz describes his music as an Afro-pop fusion, with Runyakitara-based drums forming part of his sound When Joshua Kwagala started producing music in 2014, he was still in school and had no idea how far the journey would take him. Today, better known as Iam Jkayz , the Kasese-born creative has built a name for…
The Uganda shilling was marginally weaker against the dollar in today’s session, with the pair closing at 3775 / 3785, compared to opening levels of 3770 / 3780, according to Absa Bank market report for Wednesday. The slight depreciation was driven by corporate dollar demand, which moderately outpaced existing hard currency supply in the market….
Uber is winding down its Uganda operations with immediate effect from September 2, ending a decade long presence. The ride hailing giant joined the market in 2016. The company says the move follows a “thorough review” of its African investment priorities and is limited to Nigeria and Uganda. It insists the rest of its Sub-Saharan…
For 20 years, Steven Dralada Nzima worked as a security guard in Kampala, including at Equity Bank Uganda offices. Today, he is running a commercial farm in Adjumani District, growing crops, keeping livestock and managing forestry, while providing jobs for people in his community. The journey has been gradual. Steven started with a modest salary,…
President Yoweri Museveni has officially named Uganda’s crude oil Pearl Sweet Petroleum during a ceremony at the Kingfisher Development Area in Kikuube District on September 2. The branding gives the country’s waxy, low sulphur crude a commercial identity ahead of expected first production later this year and its entry onto international markets. The name draws…
The executive leadership of the bank and the VURRA SS school administration pose for a photo after a strategic engagement in Arua district Set against the vibrant landscape of Arua in West Nile, Vurra Secondary School is expanding to keep pace with a rapidly growing student population. School leaders are racing to add classrooms and…
Cabinet has formally approved the use of the National Identification Number (NIN), issued by the National Identification and Registration Authority (NIRA), as the Tax Identification Number (TIN) for taxpayers. The decision, taken at the Cabinet meeting on 31 August 2026 at State House Entebbe, was announced on 1 September by Information and Communications Technology and…
The Uganda shilling recovered some of the losses recorded earlier in the week, supported by a slowdown in corporate demand for the Greenback, which helped ease pressure on the local unit, according to Absa Bank Monday market report. The currency strengthened during the session, closing at 3770 / 3780 compared to opening levels of 3785…
