The Uganda shilling strengthened modestly against the dollar in Monday’s trading session, appreciating from opening levels of 3915 / 3925 to close at 3910 / 3920. According to Absa Bank daily market report, the gain was primarily driven by subdued dollar demand, coupled with tight shilling liquidity conditions. In the money market, liquidity remained constrained…
Absa Bank Uganda has brought together financial institutions, regulators, fintechs, data protection and information-security professionals to explore how the sector can work more closely to protect customer information as financial services become increasingly digital and interconnected. The engagement, held under the theme “Trust by Design: Embedding Privacy, Consent and Responsible Use of AI across Digital…
Stanbic Bank Uganda has appointed Diana Agaba Tukundane as Chief Information Security Officer (CISO) and a member of the bank’s Executive Committee. Agaba Tukundane has nearly 20 years of experience in cybersecurity and has been involved in strengthening the bank’s cyber resilience and protecting customer information. Her appointment comes as banks continue to expand digital…
Absa Bank Uganda, in partnership with Makerere University, has trained 17 journalists from leading media houses across the country in financial, business and data-driven reporting through the 2026 Absa-Makerere Journalism Masterclass. The two-day training, held at Makerere University, is the second edition of the masterclass under a three-year partnership aimed at strengthening capacity in specialised…
By Dr Enock Nyorekwa Twinoburyo As an investor, I am certainly thrilled by the news of NSSF’s 22.53% interest rate. A windfall reap is appreciable. For millions of members who have entrusted their savings to the Fund, such a return is welcome news. It is also a remarkable increase from the 13.5% declared last year…
Gift Shoko, the Managing Director of Equity Bank handing over a gift hamper to Hon. Rtd. General Katumba Wamala, the Chief Planter and Minister for Public Service during the launch Equity Bank, in partnership with My Tree Initiative Uganda, has officially launched the Equi Green Schools Programme at Nakanyonyi Secondary School in Mukono District on…
The Uganda shilling traded within a relatively narrow range during today’s session. Early morning dollar inflows from commodity exporters provided support to the local unit, allowing it to strengthen to levels of 3885/3895, according to Absa Bank Uganda Wednesday market report. According to the report, these gains were reversed in the afternoon as strong offshore…
L-R- Hashmaster Alice Gita Oketcho, Absa’s Billy Bisanga, Kenya Airways’ Felix Mwangangi and the Runners flagged off to Zambia Absa Bank Uganda has flagged off four runners to participate in the Absa Marathon Zambia, scheduled for 26 September 2026, in Lusaka, Zambia. The runners comprising of Peter Akwech, Isaac Masaai, Sylvia Chelangat and Abate Tadelech,…
Uganda Printing and Publishing Corporation (UPPC) has secured ISO 9001:2015 certification, strengthening its bid to win more business in Uganda and the international market. The certification means UPPC’s quality management system meets internationally recognised standards for delivering consistent and reliable services. For the corporation, the achievement comes at a time when it is working to…
By Prof. Augustus Nuwagaba (PhD), Deputy Governor Bank of Uganda When a Ugandan farmer sells a bag of coffee, the real question is not only: How much have I earned? The bigger question is: What can I purchase with the money I have earned? That is the real meaning of Terms of Trade (ToT). In…
