PostBank Uganda has once again demonstrated its leadership in agricultural and small business finance by securing five awards at the Bank of Uganda’s Agriculture Credit Facility (ACF) and Small Business Recovery Fund (SBRF) awards, including two prestigious Best Overall Performing Commercial Bank for ACF and SBRF, three additional awards, and eight certificates in first and…
Absa Bank Uganda has been honoured with two prestigious accolades at the 2025 Global Banking and Finance Awards: “Best CSR Bank Uganda” and “Best Community Engagement ESG Initiative in Uganda”. These awards recognise Absa Bank Uganda’s broad and sustained impact across key areas, including the One Million Trees Initiative aimed at mitigating climate change by…
Absa Bank Uganda today unveiled two new digital innovations, Digi Loans and Online Account Opening, aimed at meeting the growing demand for fast, convenient, and paperless banking. These fully self-service solutions, accessible via the Absa Mobile Banking App, Internet Banking, and Hello Money (USSD), enable customers to manage their finances anytime, anywhere. With the new…
Absa Bank Uganda has announced a robust set of financial results for the year ended December 31, 2024, with profit after tax rising by 22% to UGX 178 billion. Revenue increased by 15% to UGX 546 billion, which is a reflection of strategic investments made and unwavering customer loyalty to the bank, cementing its position…
A new report by Uganda’s Advocates Coalition for Development and Environment (ACODE) and U.S.-based Global Financial Integrity (GFI) has identified systemic weaknesses in Uganda’s mining regulations that enable illicit financial flows (IFFs), costing the country critical revenue and undermining governance of its mineral resources. Titled “Uganda’s Mining Legal Regime: Addressing Illicit Financial Flows Risks and…
The credit profile of Uganda reflects weak debt affordability, with interest consuming more than 20% of revenue, and constrained financing options for the government, according to the latest Moody’s Ratings updates. The latest ratings come amidst the Government’s greater reliance than in the past on costly domestic debt and non-concessional sources of external financing. “Higher…
The currency opened the week trading at 3655/3665 levels though quickly lost against the greenback to 3660/3670 and touched lows of 3670/3680 on the back of Corporate demand predominantly in the Energy and Manufacturing sector.There were some dollar inflows mainly from the agri-commodity and diaspora remittances throughout the week, however, this was not significant enough…
BY Musinguzi Bob Mugisha The Uganda Securities Exchange (USE) launched a groundbreaking electronic purchasing platform for treasury bills and bonds on October 25, 2024, as part of the World Investor Week under the theme “Tech-Enabled Financial Inclusion: Bringing Sustainable Finance and Investment Opportunities to Everyone.” Accessible at www.scd.use.or.ug, this platform allows investors to directly purchase…
Citi has announced a EUR 126 million loan to the Government of the Republic of Uganda to fund the design and build of the Lusalira to Sembabule road project in Uganda. Citi acted as sole coordinating Mandated Lead Arranger and a lender. The financing was supported by African Trade and Investment Development Insurance (ATIDI) and…
In FY 2023/24, coffee exports were 6.13 million bags valued at US$ 1.144 Billion. This was an increase of 6.33% in volume and 35.29% in value compared to FY 2022/23 when exports were 5.8 million bags valued at US$846 million. Due to effective regulation by UCDA, coffee quality has greatly improved and this has resulted…
