Absa Bank Uganda has launched a new Wealth proposition designed to help customers invest, grow, diversify and preserve their wealth through a single trusted banking relationship. The launch comes at a time when Uganda’s investment landscape is experiencing significant growth. According to the Capital Markets Authority, assets under management in Collective Investment Schemes have grown…
The Uganda shilling extended its depreciation against the US dollar in today’s session, weakening from opening levels of 4020 / 4030 to close at 4045 / 4055, according to the Absa Bank Uganda’s Tuesday market report. The sustained pressure continued to stem from strong dollar demand from corporate players, with offshore investors being particularly active…
The Uganda shilling extended its losses against the dollar in today’s session, weakening from opening levels of 3985 / 3995 to an all-time low of 4030 / 4040, before staging a modest recovery to close at 4020 / 4030. According to Monday Absa Bank Uganda report, the depreciation was largely driven by strong and persistent…
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…
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…
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…
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…
