The Uganda shilling strengthened against the dollar today, supported by healthy dollar inflows from both local interbank participants and offshore investors, against a backdrop of subdued corporate demand, according to Absa Bank Uganda market report. According to the report, the shilling opened the trading session at 3925 / 3935, the local currency gradually gained ground…
Equity Bank Uganda is positioning itself to play a bigger role in financing businesses trading between Uganda and Kenya, with the lender committing to develop financial solutions for members of the newly launched Business Network Uganda (BNU). Speaking at the launch of the network, Equity Bank Uganda Chief Financial Officer Richard Muraguri said the bank…
The Uganda shilling opened the week trading firmer closing the day’s trading at 3925 / 3935 versus the day’s opening of 3930 / 3940, supported by subdued demand for hard currency amidst pockets of inflows from commodity exporters and charities. According to Absa Bank daily market report, the shilling remains susceptible to depreciation pressures stemming…
Uganda’s drive to add value to its agricultural and manufactured products took centre stage as more than 150 investors and business leaders from 10 countries toured local enterprises under Equity Group’s 2026 Uganda Trade and Investment Roadshow. The investors visited Zigoti Coffee Works Limited, Roofings Limited and RZ Innovations Limited on Tuesday, September 15, following…
Mark Ssempijja, the General Manager at RZ Innovations Ltd taking the Equity Trade Show delegates through a stategic tour of the factory Uganda’s expanding manufacturing sector and its potential to drive regional trade took centre stage as more than 150 investors from 10 countries visited RZ Innovations Limited and its parent company, Royikems Industries Limited,…
Finance Minister Henry Musasizi has presented the FY2027/28 Budget Strategy during the launch of the Presidential Advisory Committee on Budget (PACOB) by the Prime Minister Robinah Nabbanja. The strategy provides policy direction for preparation of the national budget and deepens implementation of the Tenfold Growth Strategy, the Fourth National Development Plan, and the Charter for…
The Uganda shilling experienced another volatile and bearish week against the US dollar, extending its recent depreciation trend. According to Absa Bank’s weekly market report, having opened the week trading at 3895 / 3905, the shilling weakened to near all-time lows of 3945 / 3955 on Friday, reflecting about 8.3% year-to-date depreciation. Dollar demand was…
Finance Minister Henry Musasizi has called on the banking sector to reduce lending rates and increase financing to productive sectors to support Uganda’s Tenfold Growth Agenda. Speaking at the 9th Annual Bankers Conference at Marriott Hotel, Nsambya, Kampala, Musasizi said Uganda’s ambition to grow its economy from US$50 billion in FY2025/26 to US$500 billion by…
Uganda’s Economic and Commercial Diplomacy (ECD) has expanded to 34 Missions Abroad following its full rollout in FY2025/26, strengthening the country’s efforts to attract investment, expand export markets and promote tourism. The milestone was highlighted by the Finance Ministry Acting Director Budget, Hannington Ashaba, during the Annual Review of ECD High-Level Meeting with Heads of…
Uganda and the World Bank have reaffirmed their commitment to accelerating implementation of the US$4.6 billion development portfolio covering 18 operations. The commitment was made during the Uganda–World Bank Country Portfolio Performance Review, convened at Sheraton Hotel to assess implementation progress, identify delivery bottlenecks and agree on practical, time-bound actions to translate development financing into…
