Uganda Baati has unveiled a refreshed brand campaign for Dumuzaz, one of Uganda’s most iconic roof sheet brand, reaffirming its legacy as the country’s trusted roof sheet for generations of homeowners. Built on the campaign theme “Amabaati Ameeru, Amawangaazi”, the initiative seeks to reconnect Ugandans with a brand that has long been synonymous with quality,…
Uganda’s economy is growing strongly with low inflation, but a widening budget deficit and rising debt costs remain key weaknesses ahead of the long-awaited start of oil production later this year, the International Monetary Fund (IMF) said. The IMF’s Executive Board concluded its 2026 Article IV consultation with Uganda on July 27, praising robust growth…
The Bank of Uganda has launched a new guide that shows how much it costs to borrow dollars using shillings. It is called the Uganda FX Swap Curve, and it will help banks, businesses and investors understand the market better. “The Uganda FX Swap Curve is a reference benchmark derived from quotations submitted by commercial…
In the group photo is the MD of Master Grain Millers Limited, Hajji Swammit Itaaga, (in the middle standing next to Equity Bank Board Chairman Henry Rugamba(Army Green Shirt) ) and Equity Bank Managing Director Gift Shoko When Master Grain Milling Limited produced its first bag of wheat flour in 2013, the business was a…
Capital expenditure, including leases, jumped 62.7% to UGX 455.1 billion, as the company accelerated network builds and fiber expansion. Capex excluding leases rose 44.6% to UGX 317.7 billion. MTN Uganda Limited reported that its first half profit after tax rose 37.7% to UGX 367.5 billion, helped by higher revenue and a smaller tax bill, as…
Stanbic Bank has launched access to China’s Cross-Border Interbank Payment System (CIPS), allowing Ugandan businesses to settle trade transactions directly in Chinese yuan (renminbi/RMB) and reducing reliance on the US dollar. This development positions Stanbic, part of the Standard Bank Group, as the first financial institution in the country to offer the integration. It was…
Martha Alle Mwesigye/ Courtesy photo Opportunity Bank Uganda has appointed Martha Alle Mwesigye to its Board of Directors, bringing more than 16 years of experience in leadership, organisational management and corporate governance. Mwesigye joins the Board as the bank continues to grow its business, strengthen its operations and widen access to financial services. She has…
By Laura Bahemuka, Head MSME and Retail Products at Pearl Bank The evolution of banking from what it was, brick-and-mortar, to what we are witnessing today is all thanks to the growth in technology and innovations that have enabled digitisation in banking, so that more people are ushered into formal financial services through self-serve options….
The Uganda shilling strengthened modestly last week, supported by robust hard currency inflows from commodity exporters, remittances, and non-governmental organizations, which outweighed prevailing demand for foreign exchange from corporate entities. According to Absa Bank Uganda weekly market report, the local unit was quoted at 3725 / 3735 on Friday morning, compared to 3745 / 3755…
NCBA Group Plc has posted a 12.2% increase in first-half profit as East Africa’s economic recovery fueled lending and customer deposits, helping the regional lender offset a sharp increase in provisions set aside against potentially bad loans. Net income rose to KSh12.4 billion in the six months ended June 30 from KSh11 billion a year…
