Old Mutual Insurance Uganda Limited has appointed Peter Mukuru as a director on its Board, bringing more than 22 years of experience across corporate governance, strategy, risk management and technology. Mukuru has held senior leadership positions in government agencies, regulatory bodies, utilities, multilateral development institutions and private-sector organisations in Uganda. His experience covers enterprise risk…
The Uganda shilling extended its depreciation against the US dollar in today’s session, weakening from opening levels of 4020 / 4030 to close at 4045 / 4055, according to the Absa Bank Uganda’s Tuesday market report. The sustained pressure continued to stem from strong dollar demand from corporate players, with offshore investors being particularly active…
Housing Finance Bank (HFB) has been reappointed by the Bank of Uganda as a Primary Dealer Market Maker (PDMM) for the 2026–2029 period, extending its experience in the Government securities market to nine years. The appointment allows HFB to participate directly in auctions of Treasury Bills and Treasury Bonds and facilitate trading in the secondary…
The Uganda shilling extended its losses against the dollar in today’s session, weakening from opening levels of 3985 / 3995 to an all-time low of 4030 / 4040, before staging a modest recovery to close at 4020 / 4030. According to Monday Absa Bank Uganda report, the depreciation was largely driven by strong and persistent…
Delegates pose for a photo during the 15th Annual Mineral Wealth Conference held from 29th to 30th September at Speke Resort Munyonyo Equity bank has reaffirmed itas commitment to Uganda’s mining and extractive sector, with a particular focus on expanding financial inclusion among artisanal and small-scale miners. The Bank’s commitment comes as more than 1,500…
The East African Development Bank (EADB’s) decision to appoint Anne Juuko as Director General, effective October 2, 2026, brings an end to a leadership vacuum that lasted nearly two years and exposed weaknesses in the recruitment process for one of the region’s key development finance institutions. What should have been a routine succession after Vivienne…
A trial over the 2017 transfer of Crane Bank’s business to dfcu Bank opened on Monday at the High Court in London, with former shareholders led by Sudhir Ruparelia seeking about £200 million in damages. The hearing at the Royal Courts of Justice is expected to last about 16 weeks. The claimants say selected assets…
The Uganda shilling experienced a volatile but broadly stable week against the US dollar, as intermittent foreign-currency inflows helped offset persistent demand from corporates and offshore investors, according to Absa Bank Uganda weekly market report. According to the report, the local unit opened the week on a firmer footing, strengthening from 3 930 / 3940…
The Uganda shilling opened the month trading under pressure in Thursday’s session, weakening to new all-time lows of 3970 / 3980 in the morning, according to Absa Bank daily market report. The sharp move was largely driven by renewed interbank dollar demand, stemming from offshore investors unwinding portions of their local bond portfolios, which increased…
The Uganda shilling held steady against the dollar in today’s trading session, supported by balanced demand and supply conditions in the market, according to Absa Bank Wednesday market report. Dollar demand from corporates was adequately matched by available inflows, keeping the currency pair largely unchanged throughout the session. The dollar-shilling pair consequently closed at 3715…
