The Uganda shilling came under depreciation pressure during today’s session, driven primarily by resurgent dollar demand from local corporates, according to the Absa Bank Market Report. At the same time, subdued dollar inflows provided limited support to the local unit, further weighing on its performance. The currency opened trading at 3650 / 3670 and weakened…
The USD/UGX pair maintained a steady tone throughout today’s trading session, supported by a well-balanced interplay between dollar demand and supply, according to Monday’s Absa Bank Uganda Market Report. The currency opened the week at 3645 / 3655 and remained unchanged at the close, with no dominant pressure from either side of the market. Liquidity…
Fatimah Nanfuma a restaurant owner in Namatala, Mbale City preparing a meal for her customers using the improved cookstoves Uganda continues to face a significant household energy challenge, particularly in rural communities where access to modern energy sources remains limited. The vast majority of families rely on biomass fuels such as firewood and charcoal, burned…
Equity Bank Officials visiting one of the Refugee settlement areas As the world marks World Refugee Day, a growing number of displaced families in Uganda are moving beyond survival and building sustainable livelihoods through access to financial services. Every year on June 20, World Refugee Day reminds the world that behind every statistic is a…
Participants from the 4th Cohort of the Business Rescue and Aftercare Program (BRAP) pose for a group photograph with the Registrar General of URSB, Mercy K. Kainobwisho (centre), the Country Manager of IDLO, Barbara Kilei (centre), and URSB staff at the Uganda Business Facilitation Centre (UBFC), Kololo, at the opening of the training in September…
By Richard Nsubuga, Head of Trading Absa Bank Uganda The Uganda shilling registered gains during the week with support seen coming from strong dollar inflows from commodity exporters and offshore investors amidst demand from corporates who preferred to reserve their shilling liquidity as they pay their end of Financial Year tax obligations. Additionally, positive headlines…
Ogwal watering cocoa seedlings in Acang farm estates located in Lira city For decades, cocoa cultivation was considered impossible in Lira and the wider Lango sub-region. Farmers believed the area’s rainfall patterns, heat, and soil conditions could not support a crop traditionally associated with wetter regions such as Bundibugyo or West Africa. Today, that assumption…
A school cook preparing a meal for the learners of St.Andrews school in its smart kitchen In Mbarara district, within Rubindi village, a quiet revolution is taking place. St. Andrew’s Secondary School is leading clean cooking in the area. Following their unsanitary kitchen, filled with soot, the dark stained smoke kitchen walls, chimneys releasing smoke…
By Richard Nsubuga, Head of Trading Absa Bank Uganda The Uganda Shilling registered decent gains on Tuesday in a session that was dominated by strong inflows from the offshore, commodity and the local corporates amidst the waning demand attributed to the end of financial year tax payments and the ongoing easing geopolitical tensions in the…
By Jeremiah Nyagah, National Director, World Vision Uganda Before a child can learn, dream, play or thrive, there is something far more basic they need: water. Not tomorrow. Not when funding becomes available. Not when another development plan is approved. Today. Yet for millions of children across Africa, access to safe water, sanitation and hygiene…
