For years, money sent back home by Ugandans living abroad has helped families pay school fees, medical bills, build homes, and meet everyday needs. But Equity Bank is urging the diaspora to go a step further by turning part of their remittances into productive assets, businesses, and investments that can generate income. The bank made…
Christopher Legilisho, Economist at Stanbic Bank making remarks during the recently concluded Economic Forum in Kampala Investments in advertising and greater product quality were widely cited as drivers of consumer confidence, with all monitored sectors in the monthly Stanbic Purchasing Managers’ Index (PMI) registering optimism during September. Compiled by S&P Global, the latest survey data…
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…
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…
SBG Securities, a subsidiary of Stanbic Uganda Holdings Limited (SUHL), has called on Uganda’s pensions sector to play a more strategic role in financing the country’s long-term economic transformation, saying the industry’s growing pool of long-term savings can become a powerful catalyst for achieving the government’s ambition of growing the economy tenfold by 2040. The…
Stanbic Bank Chief Executive Mumba Kalifungwa pose for a photo with some leaders ahead of the Independence Marathon. Hundreds of Ugandans turned up at Metroplex Shopping Mall in Naalya on Sunday for the second edition of the Independence Marathon, held under the theme “Save a Mother” to mobilise resources for life-saving maternal healthcare. The marathon…
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…
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…
