Uganda Shilling Holds Steady Amid Global Economic Uncertainty
The Uganda shilling remained stable against the US dollar over the week, trading within the 3765/3775 range, unchanged from its opening levels, according to Richard Nsubuga, Acting Head of Trading, CIB Markets at Absa Bank Uganda. He attributed the stability to a balance between demand and supply in the foreign
Leaders Call for Stronger Environmental Governance, Youth Action on Climate Justice
Leaders in Kawempe Division have called for stronger environmental governance and increased youth participation in addressing climate change, as its impacts continue to intensify across Uganda. The call comes amid growing challenges, including shifting rainfall patterns, prolonged droughts and extreme flooding, which are threatening food security and displacing vulnerable communities.
Lubega appointed managing director of MTN Mobile Money Uganda
The Board of Directors of MTN Mobile Money (U) Limited has appointed Phrase Lubega as the new managing director, subject to approval by the Bank of Uganda. The appointment is expected to strengthen the company’s efforts to expand financial inclusion and digital financial services across the country. Lubega brings more
Redefining the Value of Spiritual Tourism in an Age of Global Health Risks
Every year on June 3rd, the global spotlight falls squarely on the Namugongo Uganda Martyrs. Thousands of pilgrims from different parts of Uganda and regions trek to the Namugongo Shrine. The Pilgrimage is about honoring the Ultimatum of King Mwanga ii, the defiance led by Charles Lwanga, the walk to
Peace, Economy Take Centre Stage in Museveni’s National Address
President Yoweri Kaguta Museveni has declared that peace and stability remain Uganda’s greatest achievements, using his State of the Nation Address at Kololo Independence Grounds to outline his government’s priorities at the start of a new term. Addressing the nation, Museveni said sustained security across the country has laid a
OPM Officials Arrested Over $10,000 Bribes in Refugee Status Scam
A multimillion-shilling bribery scheme in which desperate asylum seekers were allegedly forced to pay between $5,000 and $10,000 for refugee status has led to the arrest of six senior officials from the Office of the Prime Minister (OPM). The arrests, carried out by the Inspectorate of Government (IGG), target officials
Kampala Community Gains Digital Skills and Internet Access as New Learning Hub Opens in Katwe
Students, youth, and residents in Kampala’s Katwe community now have enhanced access to digital skills, internet connectivity, and modern learning resources following the launch of a new digital learning hub. The facility, located at Katwe Noor Secondary School, provides learners and surrounding community members with computers, online resources, and digital
Chamber of Mines Rally Stakeholders to Unlock Uganda’s Mining Wealth
Uganda’s mining sector may be sitting on immense untapped wealth, but stakeholders say turning that potential into real economic gains will require urgent reforms, stronger institutions, and decisive action. This was the central message at a high-level policy roundtable convened by the Uganda Chamber of Energy and Minerals (UCEM) at
NCBA Bank Champions Stronger Financial Markets at Dealers’ Forum
NCBA Bank Uganda has reaffirmed its commitment to strengthening Uganda’s financial markets, following its participation in the ACI Uganda Dealers’ Meeting held on May 29 at Arirang Hotel in Kampala. The high-level meeting convened treasury dealers, regulators, and financial sector players to discuss the evolving role of global markets in
Govt Pays 559 Households in Shs 80bn Cattle Restocking Plan
With just weeks to the end of the financial year, government has so far paid only 559 out of the targeted 16,000 households under the Shs80 billion Cattle Restocking Programme for Acholi, Lango, and Teso sub-regions, the Office of the Prime Minister has said. Each beneficiary is supposed to receive
