L-R MTN MoMo’s Jemima Kariuki, Viola Namuyaba, Phrase Lubega with Bafana Sithole from Amadeus and Next Travel’s Jonathan Martin Kyeyo at the launch of Travel by MoMo at the Sheraton Hotel. Courtesy photo MTN Mobile Money (U) Limited, in partnership with Next Travel, today launched Travel by MoMo, a new digital travel booking platform designed…
The Uganda Shilling extended its depreciation against the Dollar today, weighed down by sustained corporate demand as business activity continues to gather pace at the start of the new fiscal year. According to Absa Bank Tuesday Market Report, further pressure stemmed from offshore investors actively purchasing the greenback while reducing portions of their holdings in…
Bank of Baroda (Uganda) Limited recently celebrated its Corporate Responsibility (CR) Activity Week with a series of impactful initiatives focused on environmental conservation, healthcare, education, and community welfare across Uganda. As part of its environmental conservation efforts, the Bank conducted a tree-planting exercise at Merryland School, where staff planted over 300 trees. The initiative sought…
The Uganda shilling continued to come under pressure during the trading session, weighed down by sustained corporate dollar demand mainly from the energy, and manufacturing sectors. According to Tuesday Absa Bank Uganda market report, with dollar inflows remaining insufficient to offset demand, the local unit extended its losses, weakening from levels of 3705/3715 to close…
The Uganda shilling began the week on a depreciating trend, pressured by strong corporate dollar demand from the telecommunications, energy, and manufacturing sectors, according to Absa Bank Monday Market Report. Limited dollar inflows offered little support to the local currency, which weakened to close at 3705/3715 compared to its opening levels of 3690/3700. Liquidity conditions…
The launch/courtesy photo The National Lotteries and Gaming Regulatory Board (NLGRB) has launched its Strategic Plan for FY2025/26–FY2029/30, setting out an ambitious roadmap to strengthen regulation, curb illegal gaming, enhance responsible gaming and increase the sector’s contribution to Uganda’s domestic revenue over the next five years. The Board also unveiled its Service Delivery Standards and…
The East African Development Bank (EADB) closed 2025 with profit up 51%, a loan book that grew by more than half, non-performing loans below 1%, and two international rating agencies reaffirming its investment grade status. The core lending business, the interest EADB earns on money it lends out, actually shrank in 2025. What pushed profit…
Speculation that Centenary Group might soon widen its shareholder base, possibly by offloading a stake of 5% to 10% to outside investors, has been circulating in the press for months. But a follow up on the matter this week with new managing director Godfrey Byekwaso and outgoing managing director Fabian Kasi revealed the move is…
Mumba Kalifungwa, the Chief Executive Stanbic Bank Uganda, with Emmanuel Katongole Co-founder of Quality Chemical Industries Limited (Qcil) at a deal signing ceremony last year. Stanbic Bank Uganda has been named the “Best Investment Bank in Uganda” by the prestigious Euromoney Awards for Excellence 2026. The honour was announced by the London based financial magazine…
Robert Kabushenga speaking during Uganda Baati Wellness session. Courtesy photo The strongest steel is forged under pressure, but even steel requires care to maintain its strength. It was this powerful analogy that shaped Uganda Baati’s Men of Steel: A Life and Wellness Conversation, an employee wellness engagement held under the Safal Circles initiative. Bringing together…
