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…
The Board of Directors of East African Breweries PLC (EABL) has today announced that Diageo PLC has agreed to sell its majority stake in EABL and its shareholding in the Kenyan spirits business, UDV (Kenya) Limited to Asahi Group Holdings (Asahi). This acquisition of EABL represents the first time a Japanese brewing major has made…
Absa Bank Uganda has today announced having achieved its commitment of planting one million trees ahead of the three-year time that was set when the programme commenced in February 2023. During the programme’s implementation, 340,590 trees were planted in 2023, and 372,641 trees were planted in 2024, and 568,086 trees were planted in 2025. This…
Absa Bank Uganda and Uganda Electricity Distribution Company Limited (UEDCL) have today announced the advancement of a five-year USD 50million, landmark financing facility to the electricity distributor to strengthen national power distribution. This landmark transaction marks a defining moment for Uganda’s energy sector, and the facility is UEDCL’s inaugural debt financing. The facility will enable…
