The Uganda shilling lost further ground during the week weighed down by robust demand for hard currency from local market participants, offshore investors and renewed tensions coming out of the Middle East, according to Absa Bank Uganda’s weekly report. The shilling closed the week trading at 3690 / 3700 levels compared to the week’s opening…
The Uganda shilling posted marginal gains against the dollar during today’s trading session, closing at 3685/3695 from opening levels of 3690 / 3700, according to Thursday’s Absa Bank Uganda Market report. The local currency’s appreciation was primarily supported by muted dollar demand, and a sustained dollar supply from exporters. Money market liquidity remained comfortable, bolstered…
The Uganda shilling extended its depreciation trend against the dollar in today’s trading session, closing at 3700/3710, compared to opening levels of 3685/3695. According to Tuesday’s Absa Market Report, the shilling’s weakness was primarily driven by strong dollar demand from corporates and offshore investors, largely stemming from heightened geopolitical tensions in the Middle East. This…
United Bank for Africa (UBA) Uganda Limited has appointed Rita Mitala Balaka as the new Chairperson of its Board of Directors. Balaka is an experienced governance, risk and financial management professional with more than 30 years of leadership experience in regional and international financial institutions. Throughout her career, she has led strategic initiatives, championed organisational…
As African countries advance reforms to unlock new mineral discoveries and strengthen mining investment, chambers of mines are playing an increasingly important role in connecting governments, investors and industry. Through policy advocacy, regulatory engagement and investment promotion, these organizations are helping shape the continent’s next phase of mining development. That growing role will be on…
Bernard Beya; courtesy photo Liquid Intelligent Technologies, a business of Cassava Technologies, a global technology leader, has announced the appointment of Bernard Beya as Chief Executive Officer of its operations in the Democratic Republic of Congo (DRC), effective 1 April 2026. “The DRC represents one of the most exciting growth opportunities in our region, and…
The Uganda shilling came under depreciation pressure against the US dollar during the early trading session, weakening from 3680/3690 to an intraday low of 3695/3705 before recovering to close at 3685/3695. This was according to Absa Bank’s Monday market report. The move was largely driven by strong demand from interbank market participants. However, steady commodity…
By James Sserumaga, Head of Bancassurance, Equity Bank Uganda Uganda’s bancassurance industry continues to demonstrate remarkable momentum, with banks generating more than UGX 80.8 billion in insurance premiums during the first quarter of 2026 alone. According to the latest industry performance report, Equity Bank Uganda ranked fourth among the country’s 22 licensed bancassurance providers, generating…
KCB Bank Uganda celebrated the graduation of Senior Leaders and NextGen Leaders from its KCB Leadership Way Academy’s programmes, underscoring the Bank’s commitment to building a high-performance leadership pipeline to drive growth, innovation, and excellent customer experience across its operations. The graduation ceremony was presided over by KCB Bank Uganda Managing Director Edgar Byamah and…
The Uganda shilling lost ground during the week weighed down by robust demand for hard currency from local market participants, offshore investors and renewed tensions coming out of the Middle East in the recent hours of the day. According to Absa Bank Uganda weekly market report, the shilling closed the day trading at 3670 /…
