Industry players have been urged to support the growth of Uganda’s mineral sector to unlock its potential through appropriate financing and investment options that will spur its growth and enable the country to attain its US$500 billion GDP target by 2040. The call was made during the 15th Annual Mineral Wealth Conference held under the…
The Uganda shilling traded on a slightly weaker footing against the US dollar in today’s session, as corporate demand for the greenback outweighed the limited dollar inflows observed in the market, according to Absa Bank Uganda Tuesday market report. With supply remaining relatively thin, the local unit came under mild depreciation pressure, pushing the USD/UGX…
The Uganda shilling strengthened modestly against the dollar in Monday’s trading session, appreciating from opening levels of 3915 / 3925 to close at 3910 / 3920. According to Absa Bank daily market report, the gain was primarily driven by subdued dollar demand, coupled with tight shilling liquidity conditions. In the money market, liquidity remained constrained…
Absa Bank Uganda has brought together financial institutions, regulators, fintechs, data protection and information-security professionals to explore how the sector can work more closely to protect customer information as financial services become increasingly digital and interconnected. The engagement, held under the theme “Trust by Design: Embedding Privacy, Consent and Responsible Use of AI across Digital…
By Dr Enock Nyorekwa Twinoburyo As an investor, I am certainly thrilled by the news of NSSF’s 22.53% interest rate. A windfall reap is appreciable. For millions of members who have entrusted their savings to the Fund, such a return is welcome news. It is also a remarkable increase from the 13.5% declared last year…
Gift Shoko, the Managing Director of Equity Bank handing over a gift hamper to Hon. Rtd. General Katumba Wamala, the Chief Planter and Minister for Public Service during the launch Equity Bank, in partnership with My Tree Initiative Uganda, has officially launched the Equi Green Schools Programme at Nakanyonyi Secondary School in Mukono District on…
The Uganda shilling traded within a relatively narrow range during today’s session. Early morning dollar inflows from commodity exporters provided support to the local unit, allowing it to strengthen to levels of 3885/3895, according to Absa Bank Uganda Wednesday market report. According to the report, these gains were reversed in the afternoon as strong offshore…
Uganda Printing and Publishing Corporation (UPPC) has secured ISO 9001:2015 certification, strengthening its bid to win more business in Uganda and the international market. The certification means UPPC’s quality management system meets internationally recognised standards for delivering consistent and reliable services. For the corporation, the achievement comes at a time when it is working to…
By Prof. Augustus Nuwagaba (PhD), Deputy Governor Bank of Uganda When a Ugandan farmer sells a bag of coffee, the real question is not only: How much have I earned? The bigger question is: What can I purchase with the money I have earned? That is the real meaning of Terms of Trade (ToT). In…
The Uganda shilling strengthened against the dollar today, supported by healthy dollar inflows from both local interbank participants and offshore investors, against a backdrop of subdued corporate demand, according to Absa Bank Uganda market report. According to the report, the shilling opened the trading session at 3925 / 3935, the local currency gradually gained ground…
