The Uganda shilling continued to trade under pressure today, primarily driven by sustained corporate demand amid weaker dollar inflows, according to Wednesday Absa Bank Uganda Market report. Additionally, offshore investor appetite for foreign currency remained elevated amid global dollar strength. The unit closed the day trading at 3705/3715, softer compared to the opening levels of…
By Amon Aruho, Head of Human Resources, Uganda Baati Limited Imagine waking up every morning be terrified of not the work ahead but the people you will have to face at work, the manager who belittles you in meetings or the colleague who constantly undermines your contribution? Workplace harassment and bullying remain a reality in…
By Prof Augustus Nuwagaba, PhD, Deputy Governor Bank of Uganda Every successful economy has built its prosperity on productivity. Whether a nation like Uganda or an individual person, we must constantly ask ourselves: How can we produce more, waste less, and create greater value from our resources? Take a farmer with one acre of land….
The Uganda shilling came under depreciation pressure during today’s session, driven primarily by resurgent dollar demand from local corporates, according to the Absa Bank Market Report. At the same time, subdued dollar inflows provided limited support to the local unit, further weighing on its performance. The currency opened trading at 3650 / 3670 and weakened…
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…
