In Boroboro Parish, Gwengbar area of Lira City, Dopla Tree Nurseries has grown from a small backyard enterprise into a significant local supplier of tree seedlings. The transformation has been driven by the adoption of solar powered irrigation, enabling the business to increase production while supporting climate-resilient farming in northern Uganda. Established in 2019 by…
By Richard Nsubuga, Ag. Head of Trading Absa Bank Uganda The Uganda shilling remained broadly stable against the US dollar during the week, trading within the 3755–3775 range. However, signs point to potential appreciation in the near term, as corporate demand is expected to ease with many firms conserving shilling liquidity to meet end-of-financial-year tax…
By Wilson Manishimwe, Public Relations Expert and Policy Analyst In today’s world, reputation travels faster than official statements. A customer can have a bad experience in the morning, post about it in the afternoon, and by evening thousands of people have already formed an opinion about an organisation. That is the reality institutions and businesses…
Fatmah Yusuf Gram addressing other students For many young Ugandans, education is more than a pursuit of academic success. It is a bridge to opportunity, leadership, and transformation. For Fatmah Yusuf Gram, a young scholar from Fort Portal, that bridge became clearer through the Equity Leaders Program (ELP), a flagship initiative under the Equity Group…
By Catherine Psomgen, Director Public Sector and Social Investments at Equity Bank Uganda For decades, Corporate Social Responsibility (CSR) across Africa has largely revolved around donations, charity drives, and short-term community interventions. While these initiatives remain important, they rarely create long-term systemic transformation. Increasingly, the future of impactful corporate responsibility lies in sustainable investments that…
For years, Jian Namuhenge spent nearly Shs 80,000 every month on charcoal. Like millions of Ugandans, she relied on a traditional charcoal stove for daily cooking, unaware that a more efficient and affordable alternative existed. Today, that same sack of charcoal lasts her almost three months. The difference is not a change in income or…
By Moses Rutahigwa, Retail and Business Banking Director, Absa Bank Uganda. The festive season is one of the most vibrant periods in Uganda’s economic calendar. Families gather, communities celebrate, travel increases, and small businesses experience a surge in demand. From buying gifts and food to paying school fees in advance or funding travel plans, spending…
The Uganda shilling lost ground against the dollar for another straight week, trading at the 3,635/3,645 on Friday morning in comparison to the 3,555/3,565 opening level on Monday, according to Absa Bank Uganda weekly shilling update. The currency pair has continued to trade in a wide range with an overall bias towards a weaker local…
The Uganda shilling traded at 3490/3500 by mid-morning today, Losing Approximately 1.80% Against The Dollar This Week. The local unit’s consolidation seen last week in the strong region of 3425/3435 gave way to a sharp decline, after the offshore market players bought dollars from the spot market. This is according to Absa Bank Uganda weekly…
The Ministry of Finance Permanent Secretary and Secretary to Treasury, Ramathan Ggoobi, has said that the journey to build a USD 500 billion economy by 2040 will come with several things that must be done in the right way. The strategy is anchored on agro-industrialization, tourism, mineral development, and science and technology innovation (ATMS) to…
