Construction of the new St. Paul Church of Uganda Nyangilia sanctuary has received a major boost after Uganda Baati commenced roofing works on the building in Koboko District, during an event attended by various religious leaders, politicians, Christians and other well-wishers. The ceremony to hand over the roofing works to Uganda Baati Ltd was held…
Absa Uganda CFO Michael Segwaya giving his remarks during the 2nd Energy Convention At the 2nd Energy Convention held at Four Points by Sheraton on Friday, 24th July, key policy drivers and financial leaders gathered to tackle Uganda’s transition from power generation to universal access. The day commenced with a high-level dialogue and a ministerial…
The Uganda shilling extended its losses against the dollar in today’s trading session, pressured by strong greenback demand from the energy, manufacturing, and telecommunications sectors, according Absa Bank Market Report. According to the report, the demand outweighed the limited dollar inflows from commodity exports, remittances, and non-profit organizations. The shilling was seen trading at 3755…
The Uganda shilling extended its losses against the dollar in today’s trading session, pressured by strong greenback demand from the energy, manufacturing, and telecommunications sectors, according to Thursday Absa Market Report. The demand outweighed the limited dollar inflows from commodity exports, remittances, and non-profit organizations. The local unit opened the day trading at 3735 /…
The name draws inspiration from Uganda’s reputation as the Pearl of Africa A year after rebranding from PostBank Uganda to Pearl Bank, the bank says the change has been about more than a new name and logo. It has marked a new chapter in its efforts to position itself as a Ugandan-owned bank focused on…
The Uganda Shilling extended its depreciation against the Dollar today, weighed down by sustained corporate demand as business activity continues to gather pace at the start of the new fiscal year. According to Absa Bank Tuesday Market Report, further pressure stemmed from offshore investors actively purchasing the greenback while reducing portions of their holdings in…
The Uganda shilling continued to come under pressure during the trading session, weighed down by sustained corporate dollar demand mainly from the energy, and manufacturing sectors. According to Tuesday Absa Bank Uganda market report, with dollar inflows remaining insufficient to offset demand, the local unit extended its losses, weakening from levels of 3705/3715 to close…
The Uganda shilling began the week on a depreciating trend, pressured by strong corporate dollar demand from the telecommunications, energy, and manufacturing sectors, according to Absa Bank Monday Market Report. Limited dollar inflows offered little support to the local currency, which weakened to close at 3705/3715 compared to its opening levels of 3690/3700. Liquidity conditions…
The launch/courtesy photo The National Lotteries and Gaming Regulatory Board (NLGRB) has launched its Strategic Plan for FY2025/26–FY2029/30, setting out an ambitious roadmap to strengthen regulation, curb illegal gaming, enhance responsible gaming and increase the sector’s contribution to Uganda’s domestic revenue over the next five years. The Board also unveiled its Service Delivery Standards and…
The East African Development Bank (EADB) closed 2025 with profit up 51%, a loan book that grew by more than half, non-performing loans below 1%, and two international rating agencies reaffirming its investment grade status. The core lending business, the interest EADB earns on money it lends out, actually shrank in 2025. What pushed profit…
