The Uganda shilling traded on a weaker footing against the US dollar in today’s session, depreciating from opening levels of 3730 / 3740 to close at 3745 / 3755, according to Thursday Absa Ban Uganda Market Report. The decline was driven by strong interbank dollar demand, largely influenced by heightened geopolitical tensions in the Middle…
As Uganda’s diaspora continues to send record remittances back home, Equity Bank Uganda is strengthening its efforts to help turn these financial inflows into long-term investments that create businesses, jobs and sustainable wealth. On Saturday, 1 August 2026, the Bank will host the latest edition of its Equity Diaspora Webinar Series, an initiative that equips…
Equity Bank Uganda has encouraged farmers to adopt better financial management practices, saying sound financial discipline is key to building successful and resilient agribusinesses. Speaking at the Tulime, Tulinde, Tuzimbe Agro Expo, Equity Bank Uganda Financial Literacy Trainer Philip Kiryowa urged farmers to treat farming as a business by separating personal finances from business income…
Equity Bank Uganda will on Saturday, August 1, 2026, host the latest edition of the Equity Diaspora Xchange, a virtual forum that will bring together government officials, financial experts and Ugandans living abroad to discuss how diaspora remittances can be turned into long-term investments. The discussion will be held under the theme, “From Remittance to…
Absa Bank Uganda has recognised 13 outstanding dealer partners through the inaugural Titan Awards, a new annual initiative aimed at strengthening strategic partnerships that expand access to vehicle and asset finance, enabling businesses and individuals to invest in the productive assets that drive Uganda’s economic growth. In his remarks, David Wandera, Managing Director, Absa Bank…
The Uganda shilling strengthened against the dollar during today’s trading session, supported by subdued corporate dollar demand, according to Wednesday’s Market Report by Absa Bank Uganda. The local currency also benefited from month-end foreign exchange inflows, particularly from remittances and non-governmental organizations (NGOs). As a result, the shilling appreciated from opening levels of 3755 /…
Absa Uganda, in partnership with Reach A Hand Uganda, hosted an impactful peer-learning session at Revival Girls Secondary School in Mbarara, extending financial literacy and life skills to 345 students. The event marked another milestone in the second year of the strategic partnership built on an innovative peer-education model with Reach A Hand. The initiative…
Construction of the new St. Paul Church of Uganda Nyangilia sanctuary has received a major boost after Uganda Baati commenced roofing works on the building in Koboko District, during an event attended by various religious leaders, politicians, Christians and other well-wishers. The ceremony to hand over the roofing works to Uganda Baati Ltd was held…
Absa Uganda CFO Michael Segwaya giving his remarks during the 2nd Energy Convention At the 2nd Energy Convention held at Four Points by Sheraton on Friday, 24th July, key policy drivers and financial leaders gathered to tackle Uganda’s transition from power generation to universal access. The day commenced with a high-level dialogue and a ministerial…
Uganda Baati has hosted the national launch of National Cleaning Day specifically gor manufacturers with government and private sector leaders calling on Ugandans to take personal responsibility for keeping their homes, workplaces and communities clean. The event was officiated by the Minister of State for Industry, David Bahati, and attended by the Executive Director of…
