Mutundwe Data Centre When the power failed at MTN Uganda’s Mutundwe switch and data centre over the weekend, it did not just knock out one part of the network. It took down voice calls, data, mobile money and mobile learning services for customers across the country. Mutundwe is one of only two parent sites that…
Equity Group Managing Director and CEO Dr. James Mwangi (centre) receives a symbolic plaque on his appointment as the Continental Digital Public Infrastructure (DPI) Champion from AfricaNenda. Courtesy photo A new partnership between Equity Group, AfricaNenda Foundation and the Gates Foundation is set to accelerate the development of Digital Public Infrastructure (DPI) across Africa in…
After more than 16 years as Managing Director of Centenary Bank, Fabian Kasi is leaving behind a stronger institution than the one he inherited. During his tenure, the bank expanded its footprint, grew its financial performance, embraced digital banking, and strengthened financial inclusion across Uganda. As he hands over leadership to incoming Managing Director Godfrey…
TotalEnergies Marketing Uganda has recognised outstanding mechanics across its nationwide service station network through its inaugural Top Mechanic Awards, an initiative aimed at promoting service excellence and enhancing customer satisfaction. The awards ceremony, held on June 19, 2026, was organized under the company’s Premium Quality Service Project, which seeks to improve service delivery standards by…
AF Mpanga Advocates has announced the admission of Derrick Kuteesa to the firm’s partnership, marking a significant milestone in his legal career and reinforcing the firm’s commitment to developing talent from within. Kuteesa joined AF Mpanga in 2016 after completing the Bar Course and has since established himself as a leading practitioner in Banking and…
The Uganda shilling was largely unchanged against the dollar in today’s session, holding at 3,645/3,655, according to the Monday’s Absa Bank Market Report. Trading was characterized by subdued dollar demand, with most corporate players remaining on the sidelines as market activity continues to recover in the early days of the new fiscal year. Inflows from…
By Prof. Augustus Nuwagaba, Deputy Governor Bank of Uganda Conventional economics dictates that economic growth must generate employment. Why? Because jobless growth is neither desirable nor sustainable. It is gainful employment that creates robust aggregate demand, which is a major driver of sustained economic growth. Furthermore, it is an obvious truth that robust wealth creation…
Bank of Uganda has announced a Treasury Bills auction worth UGX 350 billion, inviting investors to bid for short-term government securities under Issue No. 1232. The auction will be held on Wednesday, July 8, 2026, while settlement for successful bids is scheduled for Thursday, July 9, 2026.The offer consists of three Treasury Bill tenors. The…
The Uganda shilling registered gains during the week supported by end of Financial Year tax conversions, dollar inflows from remittance firms, commodity exporters, and offshore players amid subdued corporate demand. According to Absa Bank Uganda’s weekly market report, the local unit seen trading at 3645 / 3655 levels on Friday morning, stronger than the week’s…
Yesterday marked a significant leadership transition with the official handover from Fabian Kasi to Godfrey Byekwaso as Managing Director of Centenary Bank Uganda, as he concluded his 16-year tenure at the helm of the bank. According to the statement on Centenary Bank’s official X handle, Kasi has strengthenedthe bank’s position as Uganda’s leading indigenous bank,…
