Stanbic Bank Chief Executive Mumba Kalifungwa pose for a photo with some leaders ahead of the Independence Marathon. Hundreds of Ugandans turned up at Metroplex Shopping Mall in Naalya on Sunday for the second edition of the Independence Marathon, held under the theme “Save a Mother” to mobilise resources for life-saving maternal healthcare. The marathon…
Delegates pose for a photo during the 15th Annual Mineral Wealth Conference held from 29th to 30th September at Speke Resort Munyonyo Equity bank has reaffirmed itas commitment to Uganda’s mining and extractive sector, with a particular focus on expanding financial inclusion among artisanal and small-scale miners. The Bank’s commitment comes as more than 1,500…
The East African Development Bank (EADB’s) decision to appoint Anne Juuko as Director General, effective October 2, 2026, brings an end to a leadership vacuum that lasted nearly two years and exposed weaknesses in the recruitment process for one of the region’s key development finance institutions. What should have been a routine succession after Vivienne…
A trial over the 2017 transfer of Crane Bank’s business to dfcu Bank opened on Monday at the High Court in London, with former shareholders led by Sudhir Ruparelia seeking about £200 million in damages. The hearing at the Royal Courts of Justice is expected to last about 16 weeks. The claimants say selected assets…
Kenyan low cost carrier Jambojet is back on the Nairobi–Entebbe corridor after a six-year absence. The airline will add a daily turboprop service to one of East Africa’s busiest short-haul markets. Its return also shows that regional demand has recovered enough to support another low fare operator. The airline, a subsidiary of Kenya Airways, first…
The Uganda shilling experienced a volatile but broadly stable week against the US dollar, as intermittent foreign-currency inflows helped offset persistent demand from corporates and offshore investors, according to Absa Bank Uganda weekly market report. According to the report, the local unit opened the week on a firmer footing, strengthening from 3 930 / 3940…
The Uganda shilling opened the month trading under pressure in Thursday’s session, weakening to new all-time lows of 3970 / 3980 in the morning, according to Absa Bank daily market report. The sharp move was largely driven by renewed interbank dollar demand, stemming from offshore investors unwinding portions of their local bond portfolios, which increased…
The Uganda shilling held steady against the dollar in today’s trading session, supported by balanced demand and supply conditions in the market, according to Absa Bank Wednesday market report. Dollar demand from corporates was adequately matched by available inflows, keeping the currency pair largely unchanged throughout the session. The dollar-shilling pair consequently closed at 3715…
Industry players have been urged to support the growth of Uganda’s mineral sector to unlock its potential through appropriate financing and investment options that will spur its growth and enable the country to attain its US$500 billion GDP target by 2040. The call was made during the 15th Annual Mineral Wealth Conference held under the…
The Uganda shilling traded on a slightly weaker footing against the US dollar in today’s session, as corporate demand for the greenback outweighed the limited dollar inflows observed in the market, according to Absa Bank Uganda Tuesday market report. With supply remaining relatively thin, the local unit came under mild depreciation pressure, pushing the USD/UGX…
