The Uganda shilling came under depreciation pressure against the US dollar during the early trading session, weakening from 3680/3690 to an intraday low of 3695/3705 before recovering to close at 3685/3695. This was according to Absa Bank’s Monday market report. The move was largely driven by strong demand from interbank market participants. However, steady commodity…
KCB Bank Uganda celebrated the graduation of Senior Leaders and NextGen Leaders from its KCB Leadership Way Academy’s programmes, underscoring the Bank’s commitment to building a high-performance leadership pipeline to drive growth, innovation, and excellent customer experience across its operations. The graduation ceremony was presided over by KCB Bank Uganda Managing Director Edgar Byamah and…
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 Bank of Uganda (BoU) has announced new over-the-counter cash withdrawal limits that will take effect on 1 January 2027, in a move aimed at encouraging greater use of digital payment systems. The new limits will apply to all accounts held with supervised financial institutions. Individual account holders will be allowed to withdraw up to…
Pride Bank Limited has secured a prestigious ISO/IEC 27001:2022 certification for its Information Security Management System (ISMS). The bank officially received the certification during a press conference held on Tuesday in Kampala. Officials say the certification shows the strong commitment to international best practices in data protection and cybersecurity. The ISO/IEC 27001:2022 is the globally…
Finance Minister Henry Musasizi has told the Uganda Development Bank (UDB) to put its financing muscle behind the country’s anchor growth sectors, saying this is what will get Uganda to its target of a USD 500 billion economy by 2040. Musasizi was speaking during a meeting with UDB’s Board of Directors and management at the…
Mutundwe Data Centre When the power failed at MTN Uganda’s Mutundwe switch and data centre over the weekend, it did not just knock out one part of the network. It took down voice calls, data, mobile money and mobile learning services for customers across the country. Mutundwe is one of only two parent sites that…
Equity Group Managing Director and CEO Dr. James Mwangi (centre) receives a symbolic plaque on his appointment as the Continental Digital Public Infrastructure (DPI) Champion from AfricaNenda. Courtesy photo A new partnership between Equity Group, AfricaNenda Foundation and the Gates Foundation is set to accelerate the development of Digital Public Infrastructure (DPI) across Africa in…
TotalEnergies Marketing Uganda has recognised outstanding mechanics across its nationwide service station network through its inaugural Top Mechanic Awards, an initiative aimed at promoting service excellence and enhancing customer satisfaction. The awards ceremony, held on June 19, 2026, was organized under the company’s Premium Quality Service Project, which seeks to improve service delivery standards by…
AF Mpanga Advocates has announced the admission of Derrick Kuteesa to the firm’s partnership, marking a significant milestone in his legal career and reinforcing the firm’s commitment to developing talent from within. Kuteesa joined AF Mpanga in 2016 after completing the Bar Course and has since established himself as a leading practitioner in Banking and…
