The Uganda shilling came under pressure this week against the US dollar, opening stable at 3775/ 3785 as dollar demand from importers and corporates was adequately matched by inflows from exporters and remittance companies. According to Absa Bank weekly market report, the local unit came under increasing pressure from Tuesday as strong corporate and interbank…
KURA Board & Management join State Minister for Finance & Planning Amos Lugoloobi for a group picture at the launch KURA Asset Management has entered Uganda’s investment management market, targeting a growing pool of individuals, families and institutions looking beyond traditional savings towards professionally managed investments and long-term wealth creation. The entry comes amid significant…
Stanbic Bank Uganda has donated 35 solar-powered street lights valued at approximately UGX100 million to Kabale University as part of activities marking the bank’s 35 years of operations in Uganda under the Standard Bank Group. The donation will improve safety, security and visibility across the university campus while promoting the use of clean and renewable…
Finance Minister Henry Musasizi today presented the Charter for Fiscal Responsibility (CFR) for FY2026/27–FY2030/31 to the Parliamentary Committee on Budget, chaired by Rwampara County MP Amos Kankunda. The CFR outlines Government’s fiscal strategy to maintain macroeconomic stability, ensure debt sustainability and create fiscal space for strategic public investments & private-sector-led growth. This third Charter follows…
Uganda National Oil Company (UNOC) is in talks with global commodities trader Vitol over a possible mandate to market the country’s newly branded crude, Pearl Sweet, as Uganda prepares for first oil exports in early 2027. Officials say negotiations are still ongoing and no final appointment has been confirmed. The discussions cover marketing of the…
Group Photo with All the Winners Absa Bank Uganda, in partnership with pan-African tech initiative GirlCode and the National ICT Innovation Hub wrapped up the second edition of the GirlCode Uganda Hackathon over the weekend. Team HerTECH emerged as the overall winner securing a spot to represent Uganda in an Africa-wide competition for a USD…
Brighton Ahereza, better known as Mr Very Good, has always wanted to be famous. Even as a child, he dreamed of being known and entertaining people. He just did not know how he would get there. Then TikTok came along. For Ahereza, the platform offered an opportunity to put himself out there without needing a…
The Uganda shilling remained stable against the dollar in today’s trading session, trading at 3775 / 3785 levels all day, according to Monday’s Absa Bank market report. The currency’s stability was largely supported by balanced market flows, with demand for dollars from importers and corporate players being adequately matched by inflows from exporters, remittances, and…
Access to climate adaptation finance remains a significant challenge for smallholder farmers and rural businesses across Africa, with available capital often failing to reach those who need it most. To help bridge this financing and delivery gap, the International Fund for Agricultural Development (IFAD) and Equity Group on Friday, kicked off the Africa Rural Climate…
Uganda has joined other African countries in the inaugural Africa Safer Gambling Week, a continental initiative bringing together regulators, industry associations, operators, safer gambling organisations and other stakeholders to strengthen player protection across Africa. Taking place from 7–11 September 2026, Africa Safer Gambling Week is convened by the African iGaming Alliance (AiA) in collaboration with…
