The Uganda shilling extended its losses today touching the session’s low of 3920 / 3930 in the mid-trading hours of the day before retracing, closing the day at UGX 3890 / 3900 levels, according to Absa Bank daily market report. Demand was primarily driven by corporates in the manufacturing, energy and telecom sectors, with offshore…
By Simon Ssekankya Nsubuga, Managing Director Hardware World Ltd For most Ugandans, building a home is not something that happens overnight. It takes years of saving, borrowing and making sacrifices. So, when the walls are finally up and it is time to put on the roof, the first question is often simple, “How much is…
Absa Bank Uganda is calling for greater focus on converting Uganda’s growing pipeline of investment opportunities into financed projects and productive businesses, as the country seeks to accelerate investment across energy, infrastructure, minerals, manufacturing and technology. Attracting investor interest is only part of the challenge. Converting that interest into investment requires projects and businesses with…
Stanbic Uganda Holdings leaders, led by Mark Ocitti Ongom and Mumba Kalifungwa, pose for a group photo with stakeholders during a customer engagement session at Brovad Sands Hotel in Kalangala District. When David Balironda Mukasa walks through his oil palm plantation in the island district of Kalangala, he sees more than a source of income….
Minister of Trade, Industry and Cooperatives Hon. Sanjay Tanna and Equity Bank Executive Director Claver Serumaga in the middle along with delegates at Equity Bank Trade and Investment Roadshow More than 150 business leaders, investors, policymakers and private-sector players from 10 nationalities have converged in Kampala for the 2026 Uganda Trade and Investment Roadshow, seeking…
The Uganda shilling came under pressure this week against the US dollar, opening stable at 3775/ 3785 as dollar demand from importers and corporates was adequately matched by inflows from exporters and remittance companies. According to Absa Bank weekly market report, the local unit came under increasing pressure from Tuesday as strong corporate and interbank…
KURA Board & Management join State Minister for Finance & Planning Amos Lugoloobi for a group picture at the launch KURA Asset Management has entered Uganda’s investment management market, targeting a growing pool of individuals, families and institutions looking beyond traditional savings towards professionally managed investments and long-term wealth creation. The entry comes amid significant…
Finance Minister Henry Musasizi today presented the Charter for Fiscal Responsibility (CFR) for FY2026/27–FY2030/31 to the Parliamentary Committee on Budget, chaired by Rwampara County MP Amos Kankunda. The CFR outlines Government’s fiscal strategy to maintain macroeconomic stability, ensure debt sustainability and create fiscal space for strategic public investments & private-sector-led growth. This third Charter follows…
Uganda National Oil Company (UNOC) is in talks with global commodities trader Vitol over a possible mandate to market the country’s newly branded crude, Pearl Sweet, as Uganda prepares for first oil exports in early 2027. Officials say negotiations are still ongoing and no final appointment has been confirmed. The discussions cover marketing of the…
Brighton Ahereza, better known as Mr Very Good, has always wanted to be famous. Even as a child, he dreamed of being known and entertaining people. He just did not know how he would get there. Then TikTok came along. For Ahereza, the platform offered an opportunity to put himself out there without needing a…
