Housing Finance Bank has appointed Robert M. Kusiima Mugabe as its new Chief Operations Officer (COO), bringing more than 18 years of banking experience to the role as the Bank steps up efforts to improve efficiency, strengthen its operations and expand digital services. Robert has worked across several areas of banking, including operations, treasury, balance…
Minister of Trade, Industry and Cooperatives Sanjay Tanna has challenged the Board of Directors of the Uganda Industrial Research Institute (UIRI) to expand the institution’s reach, improve service delivery and ensure more innovations developed at the institute reach the market. Tanna made the remarks during a meeting at UIRI’s Machining, Manufacturing and Industrial Skills Development…
CNOOC Uganda Limited (CUL) today joined by the Petroleum Authority of Uganda (PAU), the Uganda National Oil Company (UNOC), Total Energies EP Uganda (TEPU), EACOP Ltd, Government institutions, local leaders and host communities in commemorating the 2026 Joint Oil and Gas Sector World Environment Day in Kikuube District. Held under the theme “Answering the Climate…
Jagdish Srivastava, the CEO of Modern Group, Gift Shoko the Managing Director of Equity Bank Uganda and the leading of the bank pose for a photo after a strategic engagement As Uganda’s industrial sector continues to expand, access to responsive and flexible financial solutions is becoming increasingly important for businesses seeking to scale operations and…
By Prof Augustus Nuwagaba (PhD), Deputy Governor Bank of Uganda There has been a lot of debate in regard to what makes a currency potent. Is it the exchange rate against the United States Dollar (USD)?; the size of the notes in your wallet?; or something else? The truth is; a strong currency starts with…
The Uganda shilling remained largely unchanged against the US dollar during Thursday trading session, hovering around 3705/3715 in a quiet market environment. According to Absa Bank report, balanced demand and supply dynamics in the interbank market kept the currency trading within a narrow range. Liquidity conditions in the money market continued to improve, supported by…
The Uganda shilling posted notable gains against the US dollar during today’s session, closing firmer at 3705/3715 from opening levels of 3720/3730. The move was largely supported by strong dollar supply on the interbank market. Furthermore, mid-month tax remittances underpinned demand for the local currency, while corporate dollar demand remained largely on the sidelines. In…
Standard Chartered Bank Uganda is marking a historic 114 years of operations in the country, cementing its status as Uganda’s longest-established international commercial bank. Since opening its first branch in Kampala in August 1912, the bank has transitioned from the early days of trade to become a cornerstone of Uganda’s modern, connected economy. A Legacy…
The Bank of Uganda governor told delegates at the inaugural National Cybersecurity Conference on Tuesday that cybersecurity should be treated as core national infrastructure rather than an IT problem. Cybersecurity is the practice of protecting computers, networks, and data from digital attacks. On the other hand, Cybercrime is the illegal use of technology to commit…
The Bank of Uganda has licensed two more large Savings and Credit Cooperative Organisations (SACCOs), bringing the number of large SACCOs under its direct supervision to six. The newly licensed SACCOs are Share An Opportunity SACCO, based in Zirobwe, and Kihondo Tukwatanize SACCO, based in Fort Portal. The licences were presented on Thursday, August 6,…
