Equity Bank Uganda is positioning itself to play a bigger role in financing businesses trading between Uganda and Kenya, with the lender committing to develop financial solutions for members of the newly launched Business Network Uganda (BNU). Speaking at the launch of the network, Equity Bank Uganda Chief Financial Officer Richard Muraguri said the bank…
The Uganda shilling opened the week trading firmer closing the day’s trading at 3925 / 3935 versus the day’s opening of 3930 / 3940, supported by subdued demand for hard currency amidst pockets of inflows from commodity exporters and charities. According to Absa Bank daily market report, the shilling remains susceptible to depreciation pressures stemming…
Finance Minister Henry Musasizi has presented the FY2027/28 Budget Strategy during the launch of the Presidential Advisory Committee on Budget (PACOB) by the Prime Minister Robinah Nabbanja. The strategy provides policy direction for preparation of the national budget and deepens implementation of the Tenfold Growth Strategy, the Fourth National Development Plan, and the Charter for…
Uganda’s Economic and Commercial Diplomacy (ECD) has expanded to 34 Missions Abroad following its full rollout in FY2025/26, strengthening the country’s efforts to attract investment, expand export markets and promote tourism. The milestone was highlighted by the Finance Ministry Acting Director Budget, Hannington Ashaba, during the Annual Review of ECD High-Level Meeting with Heads of…
Uganda and the World Bank have reaffirmed their commitment to accelerating implementation of the US$4.6 billion development portfolio covering 18 operations. The commitment was made during the Uganda–World Bank Country Portfolio Performance Review, convened at Sheraton Hotel to assess implementation progress, identify delivery bottlenecks and agree on practical, time-bound actions to translate development financing into…
Pearl Bank whose purpose is to foster prosperity for Ugandans has reaffirmed its ambition to become Uganda’s leading indigenous, digitally driven and impact-focused financial institution, as the Bank accelerates lending to productive sectors, expands financial inclusion and aligns its growth strategy with Uganda’s long-term economic transformation agenda. Pearl Bank Managing Director Julius Kakeeto said the…
A delegation of Equity Members touring the Coffee Processin plant at Zigoti Coffee Works Limited Equity Bank Uganda is exploring expanded commercial credit support for Zigoti Coffee Works Limited as the family-owned company seeks to increase coffee production, value addition and access to new markets. These discussions followed an Equity Bank visit to Zigoti’s farm…
The Uganda shilling extended its losses today touching the session’s low of 3920 / 3930 in the mid-trading hours of the day before retracing, closing the day at UGX 3890 / 3900 levels, according to Absa Bank daily market report. Demand was primarily driven by corporates in the manufacturing, energy and telecom sectors, with offshore…
Minister of Trade, Industry and Cooperatives Hon. Sanjay Tanna and Equity Bank Executive Director Claver Serumaga in the middle along with delegates at Equity Bank Trade and Investment Roadshow More than 150 business leaders, investors, policymakers and private-sector players from 10 nationalities have converged in Kampala for the 2026 Uganda Trade and Investment Roadshow, seeking…
UWA and the Wildlife Conservation Society (WCS) have officially launched the Ishasha Collaborative Management Partnership, aimed at strengthening conservation, restoring the lion population and improving the management of the Ishasha sector in Queen Elizabeth Protected Area. The partnership brings together UWA and WCS in a long-term collaborative approach that will focus on strengthening protected area…
