Bank Of Baroda Uganda Marks Corporate Responsibility Activity Week With Nationwide Community Initiatives

Bank of Baroda (Uganda) Limited recently celebrated its Corporate Responsibility (CR) Activity Week with a series of impactful initiatives focused on environmental conservation, healthcare, education, and community welfare across Uganda. As part of its environmental conservation efforts, the Bank conducted a tree-planting exercise at Merryland School, where staff planted over 300 trees. The initiative sought…

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Pressure On Uganda Shilling Continues

The Uganda shilling continued to come under pressure during the trading session, weighed down by sustained corporate dollar demand mainly from the energy, and manufacturing sectors. According to Tuesday Absa Bank Uganda market report, with dollar inflows remaining insufficient to offset demand, the local unit extended its losses, weakening from levels of 3705/3715 to close…

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Uganda Shilling Begins A Week On Depreciating Trend

The Uganda shilling began the week on a depreciating trend, pressured by strong corporate dollar demand from the telecommunications, energy, and manufacturing sectors, according to Absa Bank Monday Market Report. Limited dollar inflows offered little support to the local currency, which weakened to close at 3705/3715 compared to its opening levels of 3690/3700. Liquidity conditions…

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Government Launches Five-Year Strategy To Strengthen Gaming Sector Regulation

The launch/courtesy photo The National Lotteries and Gaming Regulatory Board (NLGRB) has launched its Strategic Plan for FY2025/26–FY2029/30, setting out an ambitious roadmap to strengthen regulation, curb illegal gaming, enhance responsible gaming and increase the sector’s contribution to Uganda’s domestic revenue over the next five years. The Board also unveiled its Service Delivery Standards and…

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Euromoney Names Stanbic As Uganda’s Best Investment Bank

Mumba Kalifungwa, the Chief Executive Stanbic Bank Uganda, with Emmanuel Katongole Co-founder of Quality Chemical Industries Limited (Qcil) at a deal signing ceremony last year. ​Stanbic Bank Uganda has been named the “Best Investment Bank in Uganda” by the prestigious Euromoney Awards for Excellence 2026. The honour was announced by the London based financial magazine…

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Strength Beyond the Workplace: Uganda Baati Champions Men’s Wellbeing

Robert Kabushenga speaking during Uganda Baati Wellness session. Courtesy photo The strongest steel is forged under pressure, but even steel requires care to maintain its strength. It was this powerful analogy that shaped Uganda Baati’s Men of Steel: A Life and Wellness Conversation, an employee wellness engagement held under the Safal Circles initiative. Bringing together…

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Weekly Update: Shilling Loses Ground, Weighed Down By Robust Demand For Hard Currency

The Uganda shilling lost further ground during the week weighed down by robust demand for hard currency from local market participants, offshore investors and renewed tensions coming out of the Middle East, according to Absa Bank Uganda’s weekly report. The shilling closed the week trading at 3690 / 3700 levels compared to the week’s opening…

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Uganda Shilling Posts Marginal Gains

The Uganda shilling posted marginal gains against the dollar during today’s trading session, closing at 3685/3695 from opening levels of 3690 / 3700, according to Thursday’s Absa Bank Uganda Market report. The local currency’s appreciation was primarily supported by muted dollar demand, and a sustained dollar supply from exporters. Money market liquidity remained comfortable, bolstered…

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