Treasury Bond Auction Sees Yield Surge, Undersubscription at 78%
The Uganda shilling traded sideways over the past week, briefly touching session highs of 3645/3655. Mid-week tax remittances provided support for the local unit, though buying interest from entities in the energy sector applied downward pressure. The currency closed the week marginally weaker at 3655/3665. Analysts anticipate that the shilling
Deported Ugandan Ambassador Declines New Posting, Reaffirms UPC Loyalty
Joy Ruth Acheng, the former Ugandan High Commissioner to Canada and former Woman MP for Kole District, has publicly declared that she has never been a member of the ruling National Resistance Movement (NRM) party. Acheng was expelled from Canada in September 2024, after being declared persona non grata on
UBA Names Agutamba Chairperson of Peer Committee on Marketing and Communication
The Uganda Bankers Association (UBA) has appointed Stanbic Bank Uganda’s Country Manager for Reputation and Corporate Communication, Ken Agutamba, as the new Chairperson of the Peer Committee on Marketing and Communication. He succeeds Jude Kansiime of DFCU Bank. The committee plays a critical role in shaping collective communication strategies and
More than 7.2 million Ugandans live below absolute poverty line- New survey
At least 16.1% of Ugandans live below the absolute poverty line of US$1 (Shs 3,652) per person per day, according to the newly released Uganda National Household Survey 2023/24. The survey, conducted by the Uganda Bureau of Statistics (UBOS), covered 17,350 households across 1,735 Enumeration Areas (EAs). These EAs were
Global Flagship Initiative for Food Security Brings Together International Stakeholders to Address Global Hunger
On May 12-13, global leaders and experts convened in Bonn, Germany, for the first stakeholder meeting of the Global Flagship Initiative for Food Security. With an estimated 735 million people affected by hunger, the need for urgent, science-driven, and sustainable solutions has never been clearer. The Flagship Initiative offers a unified
Absa Bank wins two awards at the 2025 Global Banking and Finance Awards
Absa Bank Uganda has been honoured with two prestigious accolades at the 2025 Global Banking and Finance Awards: “Best CSR Bank Uganda” and “Best Community Engagement ESG Initiative in Uganda”. These awards recognise Absa Bank Uganda’s broad and sustained impact across key areas, including the One Million Trees Initiative aimed
Pictorial: Frank Gashumba Finds Love Again, Introduced in Sembabule
Frank Gashumba, Co-Founder of Sisimuka Uganda, Co-Founder of the Council for Abavandimwe, and Vice Chairman of the Patriotic League of Uganda (PLU) for the Central Region, has reportedly found a new soulmate. Gashumba, who previously separated from the mother of his well-known daughter—media personality and brand ambassador Sheila Gashumba—was introduced
Heavy Security Deployment Ahead of Scrutinisation of UPDF Bill
There is a heavy deployment of police and other security agencies ahead of the scrutinization of the Uganda People’s Defence Force (UPDF) Amendment Bill 2025. On Tuesday, the government tabled the controversial bill following a resolution by the ruling National Resistance Movement (NRM) to support a proposal allowing the trial
Electoral Commission Extends Voter Register Display for 620 Polling Stations
The Electoral Commission has extended the display period of the voters’ register for 620 polling stations across the country. This announcement was made by Justice Simon Byabakama, Chairperson of the Electoral Commission. Last month, the Commission began displaying the National Voters Register in preparation for the 2026 general elections. The
Museveni Appoints Dr. Charles Olaro as Director General of Health Services
President Yoweri Museveni has appointed Dr. Charles Olaro as the new Director General of Health Services, the Daily Star can reliably report. The Ministry of Health has confirmed his appointment. Dr. Olaro has been a cornerstone of Uganda’s health sector, bringing years of dedicated service as a senior consultant surgeon.
