The Uganda shilling recovered some of the losses recorded earlier in the week, supported by a slowdown in corporate demand for the Greenback, which helped ease pressure on the local unit, according to Absa Bank Monday market report. The currency strengthened during the session, closing at 3770 / 3780 compared to opening levels of 3785…
Stanbic Bank Uganda staff members led Sam Bulenzi (R) Stanbic Bank Head of Coverage pose for a group photo during the launch in Kampala Stanbic Bank Uganda has launched ‘Stay Switched On’, a new anti-fraud awareness campaign aimed at equipping customers with the knowledge and tools needed to protect themselves against the growing threat of…
The Uganda shilling extended its depreciation streak against the US dollar in today’s session, weighed down by sustained interbank demand for the greenback, according to Absa Bank Uganda’s Monday market report. Ongoing geopolitical tensions in the Middle East, including renewed exchanges between the US and Iran, did little to support the local currency. End-month inflows…
Housing Finance Bank has appointed Dorothy Namutebi as its new Head of Mortgage and Consumer Banking. Namutebi joins the role with more than 22 years of experience in the banking industry, having worked across mortgage banking, retail banking and sustainability. She will lead the Bank’s mortgage and consumer banking business, with responsibility for driving growth,…
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…
The Uganda shilling weakened further today, depreciating from opening levels of 3735 / 3745 to close the day at 3750/3760 against the dollar, according to Thursday Absa Bank market Report. The bank’s acting Head of Trading Richard Nsubuga attributes the decline was driven to strong corporate demand for hard currency from the energy, manufacturing, and…
