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…
Ambassador Dickson Ogwang-Okul with the Returnees at the climax of the Conference A group of 200 Ugandans who returned from South Africa have undergone financial literacy and business training as they seek to rebuild their livelihoods and establish income-generating enterprises back home. The two-day financial literacy and business formation workshop, held at Enterprise Uganda offices…
The Public Relations Association of Uganda (PRAU) crowned its 50th anniversary celebrations with the 10th PRAU Excellence Awards, recognising communication professionals, agencies and organisations for their outstanding work in public relations, strategic communication and campaign management held under the theme, “A Legacy in Gold: Honouring the Cream of Public Relations. Pearl Bank received the Corporate…
Pearl Bank whose Purpose is to Foster Prosperity for Ugandans, won the inaugural PR Crown Jewel Award at the 10th Public Relations Association of Uganda (PRAU) Excellence Awards, emerging as one of the biggest winners at the ceremony held at the Source of the Nile Hotel in Jinja on Friday, October 23, 2026. The award,…
The Uganda shilling experienced another sharply bearish and volatile week against the US dollar, as sustained corporate, interbank and offshore demand significantly exceeded available foreign-currency supply, according to Absa Bank Uganda weekly market report. Through the week, the local unit depreciated by approximately 5.79%, marking a significant extension of the recent bearish trend, trading at…
Uganda Baati Limited Chief Executive Officer George Arodi has left the company after concluding his tenure on October 21, 2026, with Head of Human Resources and Administration Amon Aruho set to oversee operations as the company prepares to appoint his successor. In a statement issued on Thursday, the steel manufacturer said Aruho would oversee the…
The Uganda shilling remained under pressure against the dollar, depreciating to 4205 / 4215 from opening levels of 4180 / 4190, according to Absa Bank Uganda Wednesday market report. The local unit’s weakness was largely attributed to persistent corporate demand for dollars, particularly from importers and players in the energy sector, against a backdrop of…
This customer service month and in line with Pearl Bank’s ongoing campaign; When You Grow Uganda Prospers,that builds on its tag line Grow.Prosper and its purpose Foster Prosperity for Ugandans, the bank’s customers highlight their growth journey over the year indicating how this has inspired business growth and lasting impact for their businesses, communities and…
Minister of State for Energy and Mineral Development Phiona Nyamutoro has challenged Uganda’s hospitality industry to turn the country’s green energy ambitions into profitable investments, unveiling a national initiative aimed at reducing operating costs, attracting investment and strengthening tourism competitiveness. The National Green Hospitality Initiative, launched at Serena Hotel Kampala on October 20, 2026, seeks…
