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…
Absa Bank is proud to announce the official unveiling of its new branch in Nansana, located at Sibyangu Plaza. This launch is part of the bank’s continued commitment to expanding its footprint across Uganda. The opening ceremony brought together key players in the financial sector, including representatives from the Bank of Uganda, regulators, local government…
Absa Uganda has today hosted an industry-wide workshop focused on the critical importance of data privacy in the digital age. The event was held at the Golden Tulip Hotel in an effort to boost and uphold the highest standards of ethical banking and customer protection. Under the theme, “Data Privacy is a Driver of Customer…
Absa Bank Uganda has flagged off five runners to participate in the Run Your City Series, scheduled for 24 September 2025, in Johannesburg South Africa. The runners are among the eight winners across the men and women categories from the 2024 and 2025 Absa KH3-7 Hills Run, an event that continues to rally thousands of…
