The Uganda shilling extended its losses against the dollar in today’s trading session, pressured by strong greenback demand from the energy, manufacturing, and telecommunications sectors, according Absa Bank Market Report. According to the report, the demand outweighed the limited dollar inflows from commodity exports, remittances, and non-profit organizations. The shilling was seen trading at 3755…
The Uganda shilling extended its losses against the dollar in today’s trading session, pressured by strong greenback demand from the energy, manufacturing, and telecommunications sectors, according to Thursday Absa Market Report. The demand outweighed the limited dollar inflows from commodity exports, remittances, and non-profit organizations. The local unit opened the day trading at 3735 /…
Tom Mwanje, the Equity Bank Jinja branch manager shaking hands with Dr Kakuba Mpango, the chairman of the board of governors of Busoga High School, Kamuli after cutting the ribbon to officiate the bus. Courtesy photo Equity Bank Uganda has handed over a brand-new 2025 Isuzu 67-seater school bus to Busoga High School, Kamuli, in…
The name draws inspiration from Uganda’s reputation as the Pearl of Africa A year after rebranding from PostBank Uganda to Pearl Bank, the bank says the change has been about more than a new name and logo. It has marked a new chapter in its efforts to position itself as a Ugandan-owned bank focused on…
Absa Bank Uganda has reaffirmed its commitment to supporting Uganda’s economic transformation through stronger collaboration with Government and increased financing for key sectors of the economy. The commitment was made during a meeting between the bank’s leadership and the Minister of Finance, Planning and Economic Development, Henry Musasizi, at the Ministry of Finance. The discussions…
L-R MTN MoMo’s Jemima Kariuki, Viola Namuyaba, Phrase Lubega with Bafana Sithole from Amadeus and Next Travel’s Jonathan Martin Kyeyo at the launch of Travel by MoMo at the Sheraton Hotel. Courtesy photo MTN Mobile Money (U) Limited, in partnership with Next Travel, today launched Travel by MoMo, a new digital travel booking platform designed…
The Uganda Shilling extended its depreciation against the Dollar today, weighed down by sustained corporate demand as business activity continues to gather pace at the start of the new fiscal year. According to Absa Bank Tuesday Market Report, further pressure stemmed from offshore investors actively purchasing the greenback while reducing portions of their holdings in…
Bank of Baroda (Uganda) Limited recently celebrated its Corporate Responsibility (CR) Activity Week with a series of impactful initiatives focused on environmental conservation, healthcare, education, and community welfare across Uganda. As part of its environmental conservation efforts, the Bank conducted a tree-planting exercise at Merryland School, where staff planted over 300 trees. The initiative sought…
The Uganda shilling continued to come under pressure during the trading session, weighed down by sustained corporate dollar demand mainly from the energy, and manufacturing sectors. According to Tuesday Absa Bank Uganda market report, with dollar inflows remaining insufficient to offset demand, the local unit extended its losses, weakening from levels of 3705/3715 to close…
The Uganda shilling began the week on a depreciating trend, pressured by strong corporate dollar demand from the telecommunications, energy, and manufacturing sectors, according to Absa Bank Monday Market Report. Limited dollar inflows offered little support to the local currency, which weakened to close at 3705/3715 compared to its opening levels of 3690/3700. Liquidity conditions…
