CNOOC Uganda Limited has launched a 10 day digital skills training program jointly aimed at introducing the Buhuka community primary students to computers and digital technology at a young age and to equip learners and community members with the skills needed to participate in the rapidly growing digital economy. The training is being conducted in…
Two years ago, Jessica Muteteri’s salon business was on life support. Rent arrears loomed, utility bills piled up like stormy clouds, and staff wages tightened around her enterprise “like a chokehold,” she recalls. The glow of entrepreneurship had dimmed into a daily struggle for survival, living hand-to-mouth. Then came a lifeline: through a friend, Muteteri…
Stanbic Holdings Plc has announced a leadership transition that will take effect at the end of February 2026. Patrick Mweheire will retire as Chief Executive and Director of the Company effective 28 February 2026, concluding a tenure that began on 3 March 2020. During his leadership, he played a central role in executing the Company’s…
Equity Bank Uganda has strengthened its internal capacity to attract new clients and mobilize green finance opportunities following an intensive training under the Uganda Green Enterprise Finance Accelerator (UGEFA). The three-day Green Loan Product Development Training, facilitated by UGEFA’s Green Finance Experts, brought together 20 operational staff from across the bank’s key departments such as,…
Absa Bank Uganda has today launched a new Retail and Business Banking campaign anchored on financial literacy, aimed at helping individuals and small businesses make smarter borrowing decisions and use credit as a tool for sustainable growth. The campaign responds to a broader insight across Uganda’s lending landscape; many Ugandans access credit without a clear…
Uganda has jumped into the 3rd position in the Absa Africa Financial Markets Index (AFMI), a leap from the 4th position in 2024. The index evaluates 28 countries, looking at factors such as market depth, access to foreign exchange, and macroeconomic stability. According to AFMI 2025, Uganda scored 66 points, behind only South Africa (86)…
The Uganda shilling appreciated during the first full trading week of 2026. According to Absa Bank Uganda weekly market updates report, having opened at 3615 / 3625, the shilling experienced strong appreciation pressures largely attributed to heavy portfolio inflows that outclassed existing demand from corporate entities in the manufacturing, telecom, and energy sectors. Richard Nsubuga,…
The Uganda shilling opened the first trading day of 2026 weaker, pressured by strong demand for hard currency from corporates in the energy and manufacturing sectors, according to market analysts. Richard Nsubuga, Absa Bank Uganda’s Ag. Head of Trading said that after closing 2025 on a firm footing at 3615/3625, early Friday demand pushed the…
The Uganda shilling closed Tuesday 30th December 2025 at the 3615/3625 levels, 5 shillings lower compared to the opening of 3610/3620 in a quiet trade on Monday, according to the market update from Absa Bank Uganda. According to Richard Nsubuga, the Ag. Head of Trading, the session saw balanced but thin trading activity with most…
When the hills above his home began to rumble in the night of 29th September 2025, Francis Mangusho of Tuikat Sub-county, Kweeni District, barely had time to react. His house, where he lived with his wife and two children, and the farm that sustained him and his family were wiped out by mudslides following heavy…
