Mark Ocitti Ongom, Chief Executive of Stanbic Uganda Holdings Limited (SUHL) handing over a mama kit to the area member of parliament Hassan Kaps Fungaroo and the Obong RDC Eva Kwesiga Obongi Health Centre IV, which handles nearly 1,400 deliveries annually despite significant staffing and resource constraints, has received maternal health equipment and supplies boost…
By Jeremiah Nyagah, National Director, World Vision Uganda When a family can grow enough food to feed its children, sell the surplus to pay school fees and save money for the next planting season, food security becomes more than the absence of hunger. It becomes the foundation for dignity, opportunity and a future the family…
The Uganda shilling experienced an exceptionally volatile week against the US dollar, initially extending its steep depreciation before recovering following decisive intervention by the Bank of Uganda, according to this week’s report by Absa Bank Uganda. The local unit weakened from Monday’s opening levels of UGX 4,090/4,100 to close at UGX 4,150/4,160, as sustained demand…
The Uganda shilling surrendered the gains recorded in the previous session, depreciating sharply against the US dollar as it moved from 3960 / 3970 at the open to close at 4045 / 4055, according to Thursday Absa Bank Uganda market report. According to the report, the reversal was primarily driven by strong hard currency demand…
Absa Bank Uganda has launched a three-month SME Business Credit Campaign aimed at encouraging digital payments among small and medium-sized enterprises (SMEs) while rewarding businesses that embrace cashless transactions. Running from 15 October 2026 to 15 January 2027, the campaign will offer UGX 66 million in cash prizes, with one customer winning UGX 22 million…
The Bank of Uganda has raised its Central Bank Rate (CBR) from 9.75% to 12%, a 2.25 percentage-point increase, as rising global oil prices and pressure on the shilling threaten to push inflation higher. The decision was announced on October 14 following a special meeting of the Monetary Policy Committee chaired by Governor Michael Atingi-Ego….
Equity Bank Uganda MD Gift Shoko poses with other partners for a photo session with the Speaker of the Parliament of Uganda Hon Jackson Oboth at the 3rd CEOs’ Breakfast Meeting to Advance Financing Equity bank Uganda was a proud sponsor and partner at the 3rd CEOs’ Breakfast Meeting & High-Level Dialogue on Green Economy,…
The Uganda shilling continued to weaken against the US dollar during the morning session, opening at 4160/4170 and sliding to a fresh all-time low of 4240/4250, according to Absa Bank Uganda Tuesday market report. The move was driven by strong interbank dollar demand amid limited hard currency supply, which kept the market significantly bid for…
By Henry Tumusiime, Human Capital Director – Absa Bank Uganda. For much of the corporate world, change used to be something organisations prepared for. It arrived with a restructuring, a new strategy, a merger or a new system and leaders would mobilize people around a defined period of transition. That way of thinking is becoming…
Milton Ugandan senior commercial and marketing leader George Milton Mukula has been appointed Commercial & Product Development Lead at MMD Steel Group, an African steel manufacturing group with operations across multiple African markets, marking a major step in his career from East African commercial leadership into a broader Pan-African mandate. Mukula will be based in…
