Equity Bank Uganda and Guru Nanak Oil Mills (U) Limited are stepping up efforts to reduce the use of cash in Uganda’s grain trade, beginning with aggregators who handle large payments between farmers, traders and processors. The move is intended to address the security risks that come with moving large amounts of physical cash from…
The Uganda shilling experienced a volatile month against the US dollar, initially appreciating before reversing course sharply toward the end of the period, according to Absa Bank Uganda weekly market report. Richard Nsubuga, the bank’s Ag. Head of Trading says the local currency opened the month at 3745 / 3755 and steadily strengthened to a…
Uganda’s latest Treasury bond auction attracted more than Sh1 trillion in accepted bids, with investors showing particularly strong appetite for the five-year government security. The Bank of Uganda offered Sh990 billion through the reopening of three Treasury bonds; a two-year, five-year and 15-year paper at an auction held on August 26. By the close of…
While transaction volumes increased by just over a third, the value of transactions grew much faster, rising from Shs25 trillion to Shs41.3 trillion. The value of transactions processed through Uganda’s agent banking network rose by 65.2 per cent to Shs41.3 trillion in the year to March 2026, reflecting the growing use of agents for deposits,…
Under the new strategy, World Vision Uganda has set an ambitious goal: contributing to the sustainable wellbeing of more than five million vulnerable children and their families Four decades ago, amid the ashes and uncertainty of the Luwero Triangle in 1986, World Vision Uganda began a journey of hope. What started as a response to…
Health minister Dr Chris Baryomunsi on Thursday received a certificate of recognition from the World Health Organisation Regional Office for Africa (WHO-AFRO) for Uganda’s successful response to the 2026 Ebola outbreak. The Ministry of Health said the award recognises the country’s efforts in interrupting transmission of Ebola disease caused by the Bundibugyo virus and completing…
United Bank for Africa Plc (UBA) has appointed Emmanuel N. Nnorom as its new Group Chairman, bringing back to the top of the bank’s leadership a veteran executive with more than 40 years of experience in business and finance. Nnorom, a chartered accountant, has spent more than eight years in senior leadership roles within the…
The Equity Bank Executive leadership led by the Managing Director , Gift Shoko pose for a photo after a strategic engagement with the Madi West Diocesan team led by the Rt Rev Charles Collins Andaku The Madi-West Nile Diocese of the Church of Uganda and Equity Bank Uganda are seeking to deepen their long-standing relationship…
The Uganda shilling remained broadly stable against the dollar but exhibited signs of vulnerability, trading within the 3728 – 3738 range throughout the day, according to Wednesday Absa Bank Uganda market report. The Head of Trading at the Bank Richard Nsubuga says Dollar inflows from commodity exporters and charitable organizations continued to provide support; however,…
Standard Chartered Bank Uganda has donated USD 50,000 (approximately UGX 186 million) to Save the Children International – Uganda to support communities affected by the recent Ebola crisis and strengthening prevention efforts to help protect children, families and frontline communities from future public health threats following Uganda’s declaration as Ebola-free. The funding will strengthen risk…
