The Uganda shilling strengthened against the U.S. dollar, reversing some of the losses recorded earlier as dollar demand softened following market turbulence triggered by tensions in the Middle East. According to Absa Bank Uganda Thursday market report, increased dollar sales in the interbank market supported the local currency, with the shilling closing at 3680/3690 compared…
The Uganda shilling lost ground on Wednesday weighed down by robust demand for hard currency from local market participants and offshore investors liquidating part of their government bond holdings ahead of tomorrow’s redemption and renewed tensions coming out of the Middle East in the recent hours of the day. According to Absa Bank Uganda’s Wednesday…
The Uganda shilling was largely unchanged against the dollar in today’s session, holding at 3,645/3,655, according to the Monday’s Absa Bank Market Report. Trading was characterized by subdued dollar demand, with most corporate players remaining on the sidelines as market activity continues to recover in the early days of the new fiscal year. Inflows from…
By Prof. Augustus Nuwagaba, Deputy Governor Bank of Uganda Conventional economics dictates that economic growth must generate employment. Why? Because jobless growth is neither desirable nor sustainable. It is gainful employment that creates robust aggregate demand, which is a major driver of sustained economic growth. Furthermore, it is an obvious truth that robust wealth creation…
Bank of Uganda has announced a Treasury Bills auction worth UGX 350 billion, inviting investors to bid for short-term government securities under Issue No. 1232. The auction will be held on Wednesday, July 8, 2026, while settlement for successful bids is scheduled for Thursday, July 9, 2026.The offer consists of three Treasury Bill tenors. The…
The Uganda shilling registered gains during the week supported by end of Financial Year tax conversions, dollar inflows from remittance firms, commodity exporters, and offshore players amid subdued corporate demand. According to Absa Bank Uganda’s weekly market report, the local unit seen trading at 3645 / 3655 levels on Friday morning, stronger than the week’s…
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…
MTN Uganda Chairman Charles Mbire (centre) poses for a photo with Stanbic Uganda Holdings leaders Sam Mwogeza, Grace Semakula and Catherine Poran during the inaugural Investor Day Forum held in Kampala. Courtesy photo Business leader Charles Mbire has set a powerful tone for Uganda’s investment community, telling participants at the inaugural SBG Securities Investor Day…
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…
