Travelling in rural Uganda and interacting with the population whose farming activities are imperiled by unprecedented rainfall patterns, one is likely to hear farmers who have worked the same land...
Stanbic Bank Uganda has unveiled a new campaign dubbed Kiri SupaDupa which aims at breaking barriers to access to finance for newly employed individuals especially the youth. According to the...
The Auditor General, Edward Akol, has noted with concern that the Tilenga and KingFisher Development Area oil projects in western Uganda are behind schedule in hitting completion targets, with some...
Uganda, a major recipient of America’s foreign aid, could find herself in a tough position after the 47th President of the United States of America, Donald Trump issued an executive...
Ugandan singer and songwriter Alexander Bagonza, popularly known as A Pass, is set to hold his maiden concert on January 31, 2025, at the Kampala Serena. The event, dubbed “A...
Standard Chartered Bank has declared this October as the customer service month- What is the genesis of this initiative and why dedicate such a long period, where most businesses usually…
The local currency was up against elevated demand, trading weaker touching a key level of 3550 with the bearish mode likely to linger on. In the fixed income, yields on…
It was a sideways drift for the Uganda shilling with forces of supply and demand in the market nearly equal. Trading held in the range of 3525/35 In the fixed…
The local currency marginally pulled back, largely driven by interbank market activity while demand from other sectors of the economy remained dull. Trading was in the range of 3520/30 In…
The local currency underwent a lite volatile spin mainly driven by interbank short covering and some importer demand. Trading held in the range of 3515/30. In fixed income space, government…
The shilling gained boost along with other risk sensitive currencies as investor confidence remained high on account of global markets remaining largely flat as the US Federal Reserve is seen…
The Permanent Secretary to the Ministry of Finance, Planning and Economic Development Ramathan Ggoobi has vowed to fight corruption in the public Sector. Goobi made the remarks in his keynote…
PostBank in 2020 posted a better-than-expected performance, especially considering the impact of the pandemic on the economy. We have now crossed the first half of 2021, into the second half—…
The local currency traded unchanged, underpinned by seasonal month end flows that improved supply conditions amid sluggish demand. The currency held in the range of 3530/40. In the regional markets,…
Agriculture and manufacturing are the second and third biggest sectors in Uganda, after services, contributing 23.7% and 27.4% respectively, after services (41.5%). Regardless, when it comes to private sector credit…