The Uganda shilling posted a modest appreciation in today’s trading session, supported by muted dollar demand in the interbank market, according to Thursday Absa Bank market report. The local currency also benefited from sustained inflows from remittances and the commodities sector, closing at 3715 / 3725, firmer than the previous session’s close of 3720 /…
Standard Chartered Uganda in partnership with Innovation Village, Village Capital and Future Lab, has unveiled 20 women-led, tech-enabled startups selected for Cohort 2 of the Women in Tech Uganda Accelerator Programme. This is a high-impact initiative advancing inclusive innovation, women’s economic participation and Uganda’s digital transformation agenda. The 2026 cohort brings together founders building practical…
For many families, managing healthcare involves more than visiting a doctor. There are appointments to remember, medical records to keep, prescriptions to track and different healthcare providers to deal with. In many homes, much of this responsibility falls on mothers, who often coordinate healthcare needs for children and other family members. This is the gap…
The Uganda shilling strengthened against the US dollar in today’s trading session, supported by subdued greenback demand from most corporate players, according to Absa Bank Uganda’s Wednesday market report. According to the report, the local currency also benefited from continued inflows from remittances and the commodities sector, closing at 3720/3730 compared to the previous session’s…
NIC Holdings Limited has appointed Professor Samuel Sejjaka and Simon Kusiima Mwebaze as Non-Executive Directors, in a change that also sees two directors leave the company’s board. Sejjaka and Mwebaze join the board with experience in corporate governance, finance, investment management and strategic leadership. The company says their experience will add to the board’s oversight…
CNOOC Uganda Limited has celebrated the graduation of 101 Ugandan trainees who successfully completed a four-month vocational skills training programme implemented under the company’s Resettlement Action Plan (RAP) and National Content Skilling and Capacity Development agenda for the Kingfisher Oil Development Project. The graduation is another milestone in CNOOC Uganda’s ongoing investment in Ugandan human…
East Africa’s ambitious drive toward rapid industrialisation is crashing on a fragmented, legacy financial system that fails to move capital as fluidly as goods across regional borders. Despite the registered regulatory milestones under the EAC Common Market Protocol, economic experts and private sector leaders warn that the region’s credit and payment architecture remain locked in national silos. This structural mismatch inflates…
The shilling weakened further today as interbank participants moved aggressively to cover short dollar positions amid sustained hard currency demand from corporate clients, according to Absa Bank daily updates. Strong demand from the energy and manufacturing sectors continued to weigh on the local unit, outweighing inflows from remittances and commodity exporters. As a result, the…
Hima Cement Limited (Tororo Grinding Station) and the Safal Uganda Baati Foundation (SUBF), have entered a partnership to provide life-changing vocational skills training to vulnerable, out-of-school youth in Nyangole Sub county -Tororo District. Hima Cement Limited -Tororo Grinding Station will work with Tororo district local government through Nyangole Sub County to profile, select and prioritise…
Uganda’s property market entered 2026 balancing a robust 6.4% GDP growth projection against a backdrop of global volatility and significant domestic shifts. According to the Knight Frank Uganda’s performance review of Kampala’s property market over the first half of 2026, while external shocks from the Middle East conflict lifted fuel prices and pushed annual inflation…
