Absa Bank Uganda has reaffirmed its commitment to supporting Uganda’s economic transformation through stronger collaboration with Government and increased financing for key sectors of the economy. The commitment was made during a meeting between the bank’s leadership and the Minister of Finance, Planning and Economic Development, Henry Musasizi, at the Ministry of Finance. The discussions…
L-R MTN MoMo’s Jemima Kariuki, Viola Namuyaba, Phrase Lubega with Bafana Sithole from Amadeus and Next Travel’s Jonathan Martin Kyeyo at the launch of Travel by MoMo at the Sheraton Hotel. Courtesy photo MTN Mobile Money (U) Limited, in partnership with Next Travel, today launched Travel by MoMo, a new digital travel booking platform designed…
The Uganda Shilling extended its depreciation against the Dollar today, weighed down by sustained corporate demand as business activity continues to gather pace at the start of the new fiscal year. According to Absa Bank Tuesday Market Report, further pressure stemmed from offshore investors actively purchasing the greenback while reducing portions of their holdings in…
Bank of Baroda (Uganda) Limited recently celebrated its Corporate Responsibility (CR) Activity Week with a series of impactful initiatives focused on environmental conservation, healthcare, education, and community welfare across Uganda. As part of its environmental conservation efforts, the Bank conducted a tree-planting exercise at Merryland School, where staff planted over 300 trees. The initiative sought…
The launch/courtesy photo The National Lotteries and Gaming Regulatory Board (NLGRB) has launched its Strategic Plan for FY2025/26–FY2029/30, setting out an ambitious roadmap to strengthen regulation, curb illegal gaming, enhance responsible gaming and increase the sector’s contribution to Uganda’s domestic revenue over the next five years. The Board also unveiled its Service Delivery Standards and…
The East African Development Bank (EADB) closed 2025 with profit up 51%, a loan book that grew by more than half, non-performing loans below 1%, and two international rating agencies reaffirming its investment grade status. The core lending business, the interest EADB earns on money it lends out, actually shrank in 2025. What pushed profit…
Speculation that Centenary Group might soon widen its shareholder base, possibly by offloading a stake of 5% to 10% to outside investors, has been circulating in the press for months. But a follow up on the matter this week with new managing director Godfrey Byekwaso and outgoing managing director Fabian Kasi revealed the move is…
Mumba Kalifungwa, the Chief Executive Stanbic Bank Uganda, with Emmanuel Katongole Co-founder of Quality Chemical Industries Limited (Qcil) at a deal signing ceremony last year. Stanbic Bank Uganda has been named the “Best Investment Bank in Uganda” by the prestigious Euromoney Awards for Excellence 2026. The honour was announced by the London based financial magazine…
Robert Kabushenga speaking during Uganda Baati Wellness session. Courtesy photo The strongest steel is forged under pressure, but even steel requires care to maintain its strength. It was this powerful analogy that shaped Uganda Baati’s Men of Steel: A Life and Wellness Conversation, an employee wellness engagement held under the Safal Circles initiative. Bringing together…
The Uganda shilling posted marginal gains against the dollar during today’s trading session, closing at 3685/3695 from opening levels of 3690 / 3700, according to Thursday’s Absa Bank Uganda Market report. The local currency’s appreciation was primarily supported by muted dollar demand, and a sustained dollar supply from exporters. Money market liquidity remained comfortable, bolstered…
