Nova Microfinance, a provider of inclusive financial services, has teamed up with Simba Automotives Limited, one of Uganda’s largest motorbike companies to increase access to both fuel-powered and electric motorcycles for individuals, companies, and business owners across their 65 distribution points in the country. Under this partnership, Nova Microfinance will offer flexible financing and repayment…
Absa Bank Uganda, in partnership with Junior Achievement (JA) Uganda, today flagged off the student team from Aga Khan High School, the reigning national winners of the Company of the Year (COY) competition. The students will represent Uganda at the JA Africa Regional Competition in Abuja, Nigeria, running from December 3 to 5, 2025. The…
The Uganda shilling recovered some ground against the dollar, trading at the 3620/3630 on Friday morning – from the 3635/3645, the level at which the spot market opened on Monday, according to Absa Bank Uganda weekly shilling update. Dollar selling interest dominated the trading sentiment early in the week, ahead of the Treasury Bond auction…
The Uganda shilling lost ground against the dollar for another straight week, trading at the 3,635/3,645 on Friday morning in comparison to the 3,555/3,565 opening level on Monday, according to Absa Bank Uganda weekly shilling update. The currency pair has continued to trade in a wide range with an overall bias towards a weaker local…
President Yoweri Kaguta Museveni on Thursday, 20th, November ,2025, commissioned a USD50 million cassava starch processing plant in Namasagali, Kamuli District, marking a major milestone in Uganda’s push toward industrialization and pharmaceutical self-reliance. The facility, spearheaded by Ugandan scientist and entrepreneur Dr. Matthias Magoola under Dei BioPharma Ltd., forms the first phase of what is…
By Prof. Augustus Nuwagaba, Deputy Governor, Bank of Uganda One of the things being discussed globally is the impact pathway to gainful employment as a driver of economic transformation. Policies aiming at job creation must be premised on the formalisation of informal work, skills-mix development, and digital transitions. Did you know that the informal sector…
In a celebration that mirrored King Charles III’s lifelong dedication to environmental stewardship, Tanqueray helped bring a theme of sustainability to life at the King’s 77th birthday reception last Thursday. The event, hosted by the British High Commissioner, H.E. Lisa Chesney MBE, was a tribute to nature and shared climate action, reflecting the deep and…
In a significant step towards reducing motorcycle-related fatalities and injuries on Uganda’s roads, Uganda Breweries Limited (UBL) has trained and donated safety gear to over 150 Boda Boda operators in Luzira, Kampala. The initiative, conducted as part of UBL’s Safety Awareness Week, provided comprehensive road safety training and equipped riders with essential protective gear to…
The Bell ObaFest regional tour culminated spectacularly on Saturday night, as the party life of West Nile converged for a flavorful final stop at Capital One Lounge in the heart of Arua City, highlighting the powerful music scene in West Nile. As the final regional stop before the Kampala finale on the 15th, the Arua…
Uganda Breweries Limited (UBL) has unveiled its 2025 festive gifting campaign, themed “Our brands are the ultimate gift for a cheerful season,” introducing a fresh element of personalization where customers can now engrave or label gift hampers with a name or company logo at no cost. This innovation embeds customization into the purchase journey, allowing…
