The Uganda shilling traded within a relatively narrow range during the week, posting a modest depreciation against the US dollar as sustained corporate demand outweighed available hard currency inflows, according to Absa Bank weekly market report. Early in the week, demand from the energy and manufacturing sectors and the interbank exerted pressure on the local…
Uganda’s private sector credit remains stuck at about 12.4% of GDP, one of the lowest levels in East Africa, the executive director of the Uganda Bankers Association (UBA), Wilbrod Owor, said. Currently, Owor said only a fraction of the businesses needed to support the country’s ambitious growth plans borrow from banks. He made the remarks…
NCBA Bank Uganda has launched a one-year Enterprise Development Programme aimed at equipping 50 small and medium enterprises (SMEs) with practical skills, mentorship and structured support to strengthen their operations and achieve sustainable growth. The inaugural cohort was flagged off on August 20, 2026, at Fairway Hotel in Kampala. The initiative, run through the bank’s…
Commissioning of the Kanu Primary School changing rooms and WASH facility/ courtesy photo Absa Bank Uganda and World Vision Uganda commissioned new water and sanitation facilities in Abim District, extending the impact of the Absa KH3 7 Hills Run in addressing barriers that affect girls’ participation in education across Uganda. The facilities include changing rooms…
Paul Muganwa (3rd R), Stanbic Bank Uganda Executive Director handing over a partnerhip cheque to Rotary District 9213 Governor Dr Gerald Obai, looking on is Dr Charles Olaro the Director General Health. Courtesy photo For a woman in labour, the distance to the nearest health facility can mean the difference between life and death. Even…
The Uganda shilling posted a modest appreciation in today’s trading session, supported by muted dollar demand in the interbank market, according to Thursday Absa Bank market report. The local currency also benefited from sustained inflows from remittances and the commodities sector, closing at 3715 / 3725, firmer than the previous session’s close of 3720 /…
For many families, managing healthcare involves more than visiting a doctor. There are appointments to remember, medical records to keep, prescriptions to track and different healthcare providers to deal with. In many homes, much of this responsibility falls on mothers, who often coordinate healthcare needs for children and other family members. This is the gap…
The Uganda shilling strengthened against the US dollar in today’s trading session, supported by subdued greenback demand from most corporate players, according to Absa Bank Uganda’s Wednesday market report. According to the report, the local currency also benefited from continued inflows from remittances and the commodities sector, closing at 3720/3730 compared to the previous session’s…
NIC Holdings Limited has appointed Professor Samuel Sejjaka and Simon Kusiima Mwebaze as Non-Executive Directors, in a change that also sees two directors leave the company’s board. Sejjaka and Mwebaze join the board with experience in corporate governance, finance, investment management and strategic leadership. The company says their experience will add to the board’s oversight…
CNOOC Uganda Limited has celebrated the graduation of 101 Ugandan trainees who successfully completed a four-month vocational skills training programme implemented under the company’s Resettlement Action Plan (RAP) and National Content Skilling and Capacity Development agenda for the Kingfisher Oil Development Project. The graduation is another milestone in CNOOC Uganda’s ongoing investment in Ugandan human…
