As part of milestones in advancing Uganda’s digital future, MTN Uganda has delivered its statutory 2% levy to Uganda Communications Commission (UCC), in which half of which goes to the Consolidated Fund and the other half is retained to finance the Uganda Communications Universal Service and Access Fund. This contribution supports the extension of reliable…
Digital financial services platform Wendi Mobile Wallet, developed by Pearl Bank, has enhanced its savings proposition, introducing a new plan that offers customers up to 12.5% tax-free interest per annum, as it seeks to deepen financial inclusion and encourage a stronger savings culture among Ugandans. The new offering marks an increase from Wendi’s existing savings…
The USD/UGX pair maintained a steady tone throughout today’s trading session, supported by a well-balanced interplay between dollar demand and supply, according to Monday’s Absa Bank Uganda Market Report. The currency opened the week at 3645 / 3655 and remained unchanged at the close, with no dominant pressure from either side of the market. Liquidity…
Fatimah Nanfuma a restaurant owner in Namatala, Mbale City preparing a meal for her customers using the improved cookstoves Uganda continues to face a significant household energy challenge, particularly in rural communities where access to modern energy sources remains limited. The vast majority of families rely on biomass fuels such as firewood and charcoal, burned…
Equity Bank Officials visiting one of the Refugee settlement areas As the world marks World Refugee Day, a growing number of displaced families in Uganda are moving beyond survival and building sustainable livelihoods through access to financial services. Every year on June 20, World Refugee Day reminds the world that behind every statistic is a…
A high-level Government delegation led by the Vice President Jessica Alupo, and the Prime Minister, Robinah Nabbanja, over the weekend visited the Kingfisher Development Area in Kikuube District to assess progress towards Uganda’s First Oil. The delegation, which included Cabinet Ministers, Permanent Secretaries and other senior government officials, toured key project facilities including the Escarpment…
NIC General Insurance Managing Director, Elias Edu, has been appointed to the Executive Committee of the Uganda Insurers Association (UIA). The appointment places Edu among the industry leaders responsible for guiding the association’s work in promoting and developing Uganda’s insurance sector. Congratulating him on the appointment, NIC General said it is confident that his experience…
Participants from the 4th Cohort of the Business Rescue and Aftercare Program (BRAP) pose for a group photograph with the Registrar General of URSB, Mercy K. Kainobwisho (centre), the Country Manager of IDLO, Barbara Kilei (centre), and URSB staff at the Uganda Business Facilitation Centre (UBFC), Kololo, at the opening of the training in September…
By Richard Nsubuga, Head of Trading Absa Bank Uganda The Uganda shilling registered gains during the week with support seen coming from strong dollar inflows from commodity exporters and offshore investors amidst demand from corporates who preferred to reserve their shilling liquidity as they pay their end of Financial Year tax obligations. Additionally, positive headlines…
MTN Uganda has appointed Marvin Ncube as a non-executive director to its Board of Directors, effective June 10, 2026, following the resignation of Sugentharen Perumal from the Board. The appointment was announced by the company in line with the Uganda Securities Exchange Listing Rules 2025. Ncube is a finance executive with more than 20 years…
