Standard Chartered and the Government of Uganda today signed a financing agreement for the upgrade of Kitgum-Kidepo Road, in a move that will strengthen connectivity, support regional trade and unlock tourism potential in North and North-Eastern Uganda. The agreement was signed at the Ministry of Finance, Planning and Economic Development in Kampala. The ceremony brought…
The Uganda shilling traded on a stable footing today, with balanced demand and supply conditions keeping the market largely unchanged, according to Wednesday’s Absa Market Report. Market participants remained focused on the first government bond issuance of the new fiscal year. The currency opened and closed at 3660/3670. In the money markets, liquidity conditions remained…
The Uganda shilling was unchanged against the dollar in a quiet trading session, with market activity remaining subdued as corporate participants focused on meeting fiscal year-end tax obligations. This is according to Absa Bank’s Tuesday Market report. The market activity kept most players on the sidelines, resulting in limited market flows. The pair opened…
Matovu Muhudi, the founder of Elsmart conservation technologies When Matovu Muhudi watched his mother struggle with Chronic Obstructive Pulmonary Disease (COPD) after years of cooking over smoky traditional stoves, he saw more than a family tragedy. He saw a public health crisis affecting millions of Ugandans. Rather than continue treating the symptoms as a medical…
Emmanuel Bassa, the director of Enersave Enterprises Limited showcasing some of the solar technologies offered by the company Less than two years after its establishment, Enersave Enterprises Limited has transformed from a fledgling clean energy business into one of Uganda’s emerging players in the clean cooking sector, earning recognition as a hub under the Uganda…
Osward Kakande showing one of the production machines used to make the stoves When Osward Kakande watched his mother struggle with persistent coughs and headaches caused by smoke from traditional cooking stoves, he never imagined that her suffering would inspire a business now valued at more than Shs450 million. Today, the founder and director of…
Dennis Marsha Kabuuka, Manager Livelhoods, NSSFÂ (3rd right) shares a light moment with members from the Omoro community who won themselves NSSF merchandise during the Smartlife Activations held in Omoro. Courtesy photo For years, retirement savings have seemed out of reach for many Ugandans working in the informal sector. But that is changing as the…
Equity Banks Virginia Ssemakula and Mawokota North MP Amelia Kyambadde planting a tree at the school Equity Bank Uganda and My Tree Initiative have strengthened their partnership to advance environmental conservation and climate resilience through a major tree planting exercise at Kyasanku Hill College in Kasanje, Mpigi District, reinforcing the Bank’s contribution to Equity Group’s…
Uganda’s second school term is well underway but many headteachers are still wresting with a familiar problem; keeping the school running while waiting for parents to finish paying fees. Slaries, food, scholastic materials and facility upkeep all demand immediate attention, yet the money often comes in slowly. To help bridge this gap, Equity Bank Uganda…
From Left to Right: Equity Group Chief Strategy Officer, Brent Malahay, Group Chief Finance and Transformation Officer, Anthony Murage, Group Company Secretary and Head of Tax, Lydia Ndirangu, Group Chairman, Prof. Isaac Macharia, Group Managing Director and CEO, Dr. James Mwangi, and Group Director, Governance & Strategic HR, Victoria Cherotich, during the Group’s 22nd Annual…
