The Uganda shilling was largely unchanged against the dollar in today’s session, holding at 3,645/3,655, according to the Monday’s Absa Bank Market Report. Trading was characterized by subdued dollar demand, with most corporate players remaining on the sidelines as market activity continues to recover in the early days of the new fiscal year. Inflows from…
By Prof. Augustus Nuwagaba, Deputy Governor Bank of Uganda Conventional economics dictates that economic growth must generate employment. Why? Because jobless growth is neither desirable nor sustainable. It is gainful employment that creates robust aggregate demand, which is a major driver of sustained economic growth. Furthermore, it is an obvious truth that robust wealth creation…
Bank of Uganda has announced a Treasury Bills auction worth UGX 350 billion, inviting investors to bid for short-term government securities under Issue No. 1232. The auction will be held on Wednesday, July 8, 2026, while settlement for successful bids is scheduled for Thursday, July 9, 2026.The offer consists of three Treasury Bill tenors. The…
The Uganda shilling registered gains during the week supported by end of Financial Year tax conversions, dollar inflows from remittance firms, commodity exporters, and offshore players amid subdued corporate demand. According to Absa Bank Uganda’s weekly market report, the local unit seen trading at 3645 / 3655 levels on Friday morning, stronger than the week’s…
Yesterday marked a significant leadership transition with the official handover from Fabian Kasi to Godfrey Byekwaso as Managing Director of Centenary Bank Uganda, as he concluded his 16-year tenure at the helm of the bank. According to the statement on Centenary Bank’s official X handle, Kasi has strengthenedthe bank’s position as Uganda’s leading indigenous bank,…
Standard Chartered and the Government of Uganda today signed a financing agreement for the upgrade of Kitgum-Kidepo Road, in a move that will strengthen connectivity, support regional trade and unlock tourism potential in North and North-Eastern Uganda. The agreement was signed at the Ministry of Finance, Planning and Economic Development in Kampala. The ceremony brought…
The National Lotteries and Gaming Regulatory Board (NLGRB) is managing the cessation of National Lottery operations by ITHUBA Uganda Limited under its statutory and regulatory mandate and in accordance with the applicable licence and concession framework. NLGRB has been engaging with ITHUBA Uganda Limited regarding its financial and operational position and received formal notification that…
The Uganda shilling traded on a stable footing today, with balanced demand and supply conditions keeping the market largely unchanged, according to Wednesday’s Absa Market Report. Market participants remained focused on the first government bond issuance of the new fiscal year. The currency opened and closed at 3660/3670. In the money markets, liquidity conditions remained…
The Uganda shilling was unchanged against the dollar in a quiet trading session, with market activity remaining subdued as corporate participants focused on meeting fiscal year-end tax obligations. This is according to Absa Bank’s Tuesday Market report. The market activity kept most players on the sidelines, resulting in limited market flows. The pair opened…
Matovu Muhudi, the founder of Elsmart conservation technologies When Matovu Muhudi watched his mother struggle with Chronic Obstructive Pulmonary Disease (COPD) after years of cooking over smoky traditional stoves, he saw more than a family tragedy. He saw a public health crisis affecting millions of Ugandans. Rather than continue treating the symptoms as a medical…
