President Yoweri Kaguta Museveni on Tuesday inaugurated the state-of-the-art Phase IV Ultra Modern Cold Rolling Mill Complex at Roofings Group’s factory in the Kampala Industrial and Business Park, Namanve. The $125 million facility, equipped with Level 2 automation technology supplied by Italian firm Danieli, is reported as the first of its kind in Africa. It…
The Uganda shilling remained broadly stable against the dollar but exhibited signs of vulnerability, trading within the 3728 – 3738 range throughout the day, according to Tuesday Absa market report. The bank’s Head of Trading Richard Nsubuga says dollar inflows from commodity exporters and charitable organizations continued to provide support; however, these were largely absorbed…
The Uganda shilling traded marginally weaker against the dollar, closing at 3725 / 3735 compared to an opening level of 3720 / 3730, according to Absa Bank Monday market report. The modest depreciation was primarily attributed to light corporate demand for dollars in an otherwise subdued market, leaving the local unit susceptible to pockets of…
Ramathan Ggoobi, Secretary to the Treasury Officials who bind the Government to costs without Parliament’s budget approval now face removal from their posts, according to new instructions from the Treasury. Ramathan Ggoobi, Secretary to the Treasury, delivered the message on Friday to permanent secretaries, agency heads and chief administrative officers gathered at Speke Resort Munyonyo…
From L-R: Equity Group Non-Executive Director, Dr. Lakshmi Shyam-Sunder, Equity Group Managing Director and CEO, Dr. James Mwangi, Equity Group Chairman, Prof. Isaac Macharia, and Equity Group Non-Executive Director, Ms. Farida Khambata, during the H1 2026 Investor Briefing Equity Group Holdings Plc has announced a solid first‑half performance for 2026, underscoring its continued regional leadership and the…
The Uganda shilling traded within a relatively narrow range during the week, posting a modest depreciation against the US dollar as sustained corporate demand outweighed available hard currency inflows, according to Absa Bank weekly market report. Early in the week, demand from the energy and manufacturing sectors and the interbank exerted pressure on the local…
Jemima Kariuki, Chief Product Officer MTN MoMo, engages one of the Kalerwe Market vendors on the benefits of responsible borrowing and consistent repayment. MTN Mobile Money (U) Limited has today launched a nationwide financial literacy campaign to empower its customers with the knowledge, confidence and discipline to borrow responsibly through MoMo Loans, repay consistently and…
Uganda’s private sector credit remains stuck at about 12.4% of GDP, one of the lowest levels in East Africa, the executive director of the Uganda Bankers Association (UBA), Wilbrod Owor, said. Currently, Owor said only a fraction of the businesses needed to support the country’s ambitious growth plans borrow from banks. He made the remarks…
NCBA Bank Uganda has launched a one-year Enterprise Development Programme aimed at equipping 50 small and medium enterprises (SMEs) with practical skills, mentorship and structured support to strengthen their operations and achieve sustainable growth. The inaugural cohort was flagged off on August 20, 2026, at Fairway Hotel in Kampala. The initiative, run through the bank’s…
Commissioning of the Kanu Primary School changing rooms and WASH facility/ courtesy photo Absa Bank Uganda and World Vision Uganda commissioned new water and sanitation facilities in Abim District, extending the impact of the Absa KH3 7 Hills Run in addressing barriers that affect girls’ participation in education across Uganda. The facilities include changing rooms…
