The launch/courtesy photo The National Lotteries and Gaming Regulatory Board (NLGRB) has launched its Strategic Plan for FY2025/26–FY2029/30, setting out an ambitious roadmap to strengthen regulation, curb illegal gaming, enhance responsible gaming and increase the sector’s contribution to Uganda’s domestic revenue over the next five years. The Board also unveiled its Service Delivery Standards and…
The East African Development Bank (EADB) closed 2025 with profit up 51%, a loan book that grew by more than half, non-performing loans below 1%, and two international rating agencies reaffirming its investment grade status. The core lending business, the interest EADB earns on money it lends out, actually shrank in 2025. What pushed profit…
Speculation that Centenary Group might soon widen its shareholder base, possibly by offloading a stake of 5% to 10% to outside investors, has been circulating in the press for months. But a follow up on the matter this week with new managing director Godfrey Byekwaso and outgoing managing director Fabian Kasi revealed the move is…
Mumba Kalifungwa, the Chief Executive Stanbic Bank Uganda, with Emmanuel Katongole Co-founder of Quality Chemical Industries Limited (Qcil) at a deal signing ceremony last year. Stanbic Bank Uganda has been named the “Best Investment Bank in Uganda” by the prestigious Euromoney Awards for Excellence 2026. The honour was announced by the London based financial magazine…
Robert Kabushenga speaking during Uganda Baati Wellness session. Courtesy photo The strongest steel is forged under pressure, but even steel requires care to maintain its strength. It was this powerful analogy that shaped Uganda Baati’s Men of Steel: A Life and Wellness Conversation, an employee wellness engagement held under the Safal Circles initiative. Bringing together…
The Uganda shilling lost further ground during the week weighed down by robust demand for hard currency from local market participants, offshore investors and renewed tensions coming out of the Middle East, according to Absa Bank Uganda’s weekly report. The shilling closed the week trading at 3690 / 3700 levels compared to the week’s opening…
The Uganda shilling posted marginal gains against the dollar during today’s trading session, closing at 3685/3695 from opening levels of 3690 / 3700, according to Thursday’s Absa Bank Uganda Market report. The local currency’s appreciation was primarily supported by muted dollar demand, and a sustained dollar supply from exporters. Money market liquidity remained comfortable, bolstered…
The Uganda shilling extended its depreciation trend against the dollar in today’s trading session, closing at 3700/3710, compared to opening levels of 3685/3695. According to Tuesday’s Absa Market Report, the shilling’s weakness was primarily driven by strong dollar demand from corporates and offshore investors, largely stemming from heightened geopolitical tensions in the Middle East. This…
United Bank for Africa (UBA) Uganda Limited has appointed Rita Mitala Balaka as the new Chairperson of its Board of Directors. Balaka is an experienced governance, risk and financial management professional with more than 30 years of leadership experience in regional and international financial institutions. Throughout her career, she has led strategic initiatives, championed organisational…
As African countries advance reforms to unlock new mineral discoveries and strengthen mining investment, chambers of mines are playing an increasingly important role in connecting governments, investors and industry. Through policy advocacy, regulatory engagement and investment promotion, these organizations are helping shape the continent’s next phase of mining development. That growing role will be on…
