Despite some support from remittance inflows and commodity exporters, the Uganda shilling weakened against the dollar on Monday, according to Absa daily market report. According to the report demand from the energy and manufacturing sectors continued to exert pressure on the market. The shilling closed at 3715/3725, softer than last week’s close of 3705/3715. Money…
UBA Uganda is on the move to strengthen its Board of Directors with the appointment of Godwin Orumwense Ize-Iyamu and Harriet Nabakooza Musoke Non-Executive Directors. The appointments bring more than six decades of combined experience in banking, financial services, corporate finance, accounting, corporate governance and strategic leadership to the bank’s board. Ize-Iyamu joins the UBA…
Anant Kumar Manjithia, Managing Director of UKI Uganda Limited guiding Gift Shoko, the Managing Director of Equity Bank and the leadership of the Bank through a strategic tour of the factory in Mbale As Ugandan manufacturers look beyond the domestic market, moving money across borders efficiently is becoming as important as moving goods. For Mbale-based…
The Sino-Uganda Mbale Industrial Park is set for a further boost following a strategic partnership between Equity Bank Uganda and Tian Tang Group to expand access to finance, strengthen businesses and create more opportunities across the industrial ecosystem. Tian Tang Group has built a manufacturing ecosystem supporting more than 2,000 enterprises and providing employment to…
Standard Chartered Bank Uganda, in partnership with the Rotary Club of Muyenga Tankhill, have formally launched the Standard Chartered–Rotary Skills for Change Cohort 2026, a six-month youth empowerment initiative implemented through Einstein Rising’s Skills for Change Programme in Muyenga, Kampala. The programme will support 20 vulnerable young people, primarily young women from communities around Muyenga,…
Uganda’s improving macroeconomic stability, stronger foreign exchange reserves and anticipated oil production are enhancing the country’s prospects as an investment destination, with economic growth expected to accelerate as commercial oil production comes on stream. Economist Stella Otieno told an Equity Bank Uganda trade and investment webinar on Wednesday that Uganda had sustained economic growth of…
The National Social Security Fund (NSSF) is seeking a High Court order to take full possession of 55 acres of land at Temangalo in Wakiso District, ending a dispute that has dragged on for more than a decade. NSSF bought 463.87 acres from Arma Limited and Amos Nzevi in 2008. The land is covered by…
When Henry Musasizi, the finance minister, told Journalists on the sidelines of the Uganda Development Bank’s annual general meeting that he wants the bank’s lending rate to fall from 12% toward single digits, he seemed to describe a goal that sits awkwardly next to his own ministry’s borrowing habits. Commercial banks charge businesses an average…
Housing Finance Bank has appointed Robert M. Kusiima Mugabe as its new Chief Operations Officer (COO), bringing more than 18 years of banking experience to the role as the Bank steps up efforts to improve efficiency, strengthen its operations and expand digital services. Robert has worked across several areas of banking, including operations, treasury, balance…
Minister of Trade, Industry and Cooperatives Sanjay Tanna has challenged the Board of Directors of the Uganda Industrial Research Institute (UIRI) to expand the institution’s reach, improve service delivery and ensure more innovations developed at the institute reach the market. Tanna made the remarks during a meeting at UIRI’s Machining, Manufacturing and Industrial Skills Development…
