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…
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…
Standard Chartered and the Government of Uganda today signed a financing agreement for the upgrade of Kitgum-Kidepo Road, in a move that will strengthen connectivity, support regional trade and unlock tourism potential in North and North-Eastern Uganda. The agreement was signed at the Ministry of Finance, Planning and Economic Development in Kampala. The ceremony brought…
The National Lotteries and Gaming Regulatory Board (NLGRB) is managing the cessation of National Lottery operations by ITHUBA Uganda Limited under its statutory and regulatory mandate and in accordance with the applicable licence and concession framework. NLGRB has been engaging with ITHUBA Uganda Limited regarding its financial and operational position and received formal notification that…
Centenary Bank, a member of Centenary Group, launched GonzaPay, a secure, bank-backed digital wallet. Developed by Centenary Technology Services (Cente-Tech), the Group’s technology subsidiary, together with technology partner Drakma Limited, GonzaPay was unveiled at Next Media Park, Naguru. The platform is designed to bridge the gap between Uganda’s cash-heavy economy and modern digital finance, and…
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…
Equity Banks Virginia Ssemakula and Mawokota North MP Amelia Kyambadde planting a tree at the school Equity Bank Uganda and My Tree Initiative have strengthened their partnership to advance environmental conservation and climate resilience through a major tree planting exercise at Kyasanku Hill College in Kasanje, Mpigi District, reinforcing the Bank’s contribution to Equity Group’s…
Every June, the world celebrates Dairy Month, highlighting the vital role of dairy farming in improving nutrition, creating employment, and driving economic growth. In Uganda, the dairy sector supports millions of livelihoods and contributes significantly to the country’s agricultural GDP. Yet, ticks and tickborne diseases remain a major obstacle to increased productivity and profitability. Through…
The Uganda shilling pared back some of the losses recorded earlier in the week, supported by subdued dollar demand and a renewed influx of foreign currency supply on the interbank market, according to Thursday Market Report by Absa Bank Uganda. The local unit found footing as corporate dollar demand remained relatively light. The USD/UGX pair…
Uganda’s second school term is well underway but many headteachers are still wresting with a familiar problem; keeping the school running while waiting for parents to finish paying fees. Slaries, food, scholastic materials and facility upkeep all demand immediate attention, yet the money often comes in slowly. To help bridge this gap, Equity Bank Uganda…
