Standard Chartered and Absa Bank Uganda, a wholly owned subsidiary of the Absa Group, have entered into an agreement for the sale of Standard Chartered Uganda’s Wealth and Retail Banking (WRB) business portfolio in Uganda. This follows Standard Chartered’s 27 November 2024 announcement of its intention to explore a potential sale, in line with the…
In a move to advance sustainable mobility and economic empowerment, NOVA Microfinance, a leading provider of inclusive and green financial services, has partnered with Spiro, a pioneer in electric mobility solutions. The partnership aims to make electric motorbikes more accessible and affordable for individuals and small business owners across Uganda by offering flexible financing and…
Code Forces, a group that emerged winner at the Absa GirlCode 2025 hackathon in Kampala, has emerged as the third on the continental level, in which eight African cities competed. This was during the recently concluded 11th edition of the annual GirlCode-Hackathon on 12 October 2025 that was organised by Absa in partnership with GirlCode,…
The Uganda shilling traded at 3490/3500 by mid-morning today, Losing Approximately 1.80% Against The Dollar This Week. The local unit’s consolidation seen last week in the strong region of 3425/3435 gave way to a sharp decline, after the offshore market players bought dollars from the spot market. This is according to Absa Bank Uganda weekly…
ITHUBA Uganda, the proud operator of the Uganda National Lottery, has launched a transformative Corporate Social Investment (CSI) Empowerment Programme aimed at uplifting Uganda’s boda boda riders through financial inclusion, digital skills development, and entrepreneurship. The new initiative, developed with the support of the Boda Boda Association of Uganda, is designed to give riders more…
Uganda Breweries Limited (UBL) has launched its 2025 Sustainability Report, themed “A Sustainable Future in Every Drop.” The report highlights UBL’s integrated approach to sustainability across its value chain, with a particular focus on the Pioneer Grain-to-Glass Sustainability Pillar. This pillar demonstrates the company’s commitment to regenerative agriculture, water stewardship, and accelerating the journey to…
Out of the UGX72.38 trillion for FY 2025/26, UGX. 20.18 trillion was released in Q1. UGX.18.43 trillion has been released in Q2, resulting in a cumulative release of UGX.38.61 trillion, which is 53.4% of the approved budget, according to the Ministry of Finance Acting PSST, and Deputy Secretary to Treasury Patric Ocailap. During the press…
Absa Bank Uganda, in partnership with GirlCode, successfully hosted the 2025 GirlCode Hackathon, empowering 50 women tech enthusiasts in Uganda. The event was part of a continent-wide hackathon spanning 30 hours and engaging 700 women across 8 African cities, focused on fostering innovation, collaboration, and skills development in the fintech sector. The hackathon provided a…
CNOOC Uganda Limited is pleased to announce the successful first harvest of the high-yielding WDR-73 rice variety under its Innovative Livelihood Restoration Program for Crop Production. The harvest, which commenced today in Kikuube District, represents a significant milestone in enhancing food security and restoring the livelihoods of Project Affected Persons and host communities in the…
Absa Bank Uganda is pleased to announce the reintroduction of its custody services, marking a significant milestone in the bank’s commitment to supporting the growth and development of Uganda’s capital markets. This strategic move aims to provide institutional investors with secure, efficient, and compliant solutions to safeguard their assets and facilitate seamless investment operations. Speaking…
