Shilling strengthens on dollar inflows, improved investor sentiment
The Uganda shilling strengthened during the week, supported by robust dollar inflows from commodity exporters and offshore investors, even as corporate demand remained subdued. Market players noted that many corporates opted to preserve shilling liquidity to meet their end-of-financial-year tax obligations, easing pressure on the local unit. The shilling traded at
UPPA mourns BBS TV journalist Joseph Sseruwoza
The Uganda Parliamentary Press Association (UPPA) has expressed deep sorrow following the death of BBS TV journalist Joseph Sseruwoza. Sseruwoza died earlier today at Mulago National Referral Hospital, where he had been admitted with ulcers. His employer however said he died of blood clot. In a statement, UPPA described his
Inside Shs 652.5bn to upgrade Arua Airport
Uganda is set to boost regional air transport and unlock new economic opportunities following the approval of €155.99 million (about Shs 652.5 billion) by the African Development Bank (AfDB) Group for the upgrade of Arua Airport. The funding will support Phase I of the Uganda Airports Development Programme, aimed at
Stanbic tips manufacturers on growth at Bank’s inaugural business forum
Stakeholders in Uganda’s manufacturing sector have called for stronger collaboration, innovative financing solutions and increased investment in value addition to unlock growth and enhance the competitiveness of locally made products across regional markets. The call emerged during Stanbic Bank’s inaugural Business Forums hosted in Kampala under the theme, “From Farm to
BBS TV journalist Joseph Seruwoza passes on
A BBS TV journalist attached to Parliament, Joseph Seruwoza, has died, Daily Star can reliably report. Seruwoza, described by colleagues as a jolly and dedicated journalist, passed on earlier today at Mulago National Referral hospital where he had been admitted over ulcers. According to his employer he died of blood
dfcu Bank Anchors Collaboration Across International Schools Sector
As Uganda’s education sector confronts rising costs, increasing regulatory complexity, and shifting global standards, dfcu Bank has signaled a deeper strategic commitment to supporting institutional growth, sustainability, and long-term resilience, particularly within the country’s international schools’ segment. This position emerged during a high-level International Schools Forum hosted at dfcu’s Nakasero headquarters,
US, Iran Sign Landmark Truce Deal, Paving Way for Sanctions Relief and $300 Billion Reconstruction Plan
The United States and Iran have signed a landmark Memorandum of Understanding (MoU) aimed at ending months of hostilities and laying the foundation for a comprehensive peace agreement, in what analysts are describing as the most significant diplomatic breakthrough between the two nations in decades. The agreement, which entered into
MSMEs key to Uganda’s $500 billion economic ambition — Bagonza
Micro, Small and Medium Enterprises (MSMEs) will be central to Uganda’s ambition of growing its economy to $500 billion by 2040, the Permanent Secretary in the Ministry of Trade, Industry and Cooperatives, Lynette B. Bagonza, has said. Speaking at the Uganda Media Centre ahead of the International MSME Day 2026
Iran ties future of US deal to Washington’s compliance
Iran’s Parliament Speaker Mohammad Baqer Qalibaf has warned that the future of a newly signed memorandum of understanding between Tehran and Washington will depend entirely on whether the United States honours its commitments. Speaking to Iranian state media, Qalibaf said the agreement is anchored on a strict “action for action”
Court clears Absa Bank to sell Boss Beverages’ property over Shs 710m debt
The High court has cleared Absa Bank to proceed with the sale of mortgaged property belonging to Boss Beverages International Ltd to recover an outstanding loan of Shs 710 million. Court heard that Boss Beverages International Ltd had secured a term loan facility of Shs 400 million from Absa Bank
