Uganda’s import bill jumps to $2.28b in August
Uganda’s formal private sector import bill surged by 43.5 per cent to $2.28 billion in August 2026, up from $1.59 billion in July, driven largely by increased imports of mineral products, petroleum, machinery and industrial inputs. The sharp increase widened the country’s trade deficit and raised demand for foreign exchange,
Gov’t approves Shs19b for Kampala traders hit by floods
More than a year after floods swept through Kampala’s central business district, destroying merchandise and crippling businesses, government has approved Shs18.99 billion in financial assistance for 1,841 traders who lost their goods. The money, approved by Cabinet on November 9, is part of a Shs20 billion package announced by President
Absa Bank ordered to return couple’s land titles, pay Shs200m
A banking transaction involving a US$300,000 loan to a company has ended in a costly legal battle for Barclays Bank of Uganda Limited now Absa Bank Uganda , with the High Court ordering it to surrender two properties belonging to a Kampala couple and pay damages. The bank had retained
Wendi launches Shs100,000 weekly rewards campaign to boost digital transactions
Pearl Bank’s mobile wallet, Wendi, has launched a promotional campaign offering customers cash prizes, fuel vouchers, smartphones and household appliances in a bid to encourage more Ugandans to embrace digital financial services. Dubbed Wendi Ku Win, the campaign rewards customers who make transactions worth more than Shs10,000 through the mobile
Shilling makes dramatic recovery, gains 5% against dollar
The Uganda shilling has staged a strong recovery against the US dollar, appreciating by about five per cent in a week as increased foreign currency inflows and subdued corporate demand eased pressure on the local currency. The shilling, which opened the week at Shs4,243/4,353 against the dollar, strengthened steadily to
Pearl Bank wins two gold awards at 2026 FiRe Awards
Pearl Bank has won two top awards at the 2026 Financial Reporting (FiRe) Awards, securing recognition for its integrated reporting and performance in the banking services category. The bank received the Gold Award for Integrated Report of the Year and recognition in the Financial Services Reporting category for Banking Services
BoU shuts down national payment systems
The Bank of Uganda (BoU) has shut down key national payment systems for four days to undertake a major upgrade of the country’s financial infrastructure, a move that will temporarily disrupt interbank transfers, electronic funds transfers and cheque clearing. The shutdown, which takes effect at 5pm on Thursday, November 5,
CCBA invests in Africa’s leadership potential through EDGE
Thirty-one leaders from across 12 African countries have graduated from Coca-Cola Beverages Africa’s (CCBA) EDGE Senior Leadership Acceleration Programme, marking the completion of the programme’s second generation and the first pan-African EDGE cohort. Created by CCBA, EDGE is the company’s flagship senior leadership development programme. Building on previous participation from
DKT Uganda launches nationwide ‘Sex Mobile’ caravan to boost HIV awareness
DKT International Uganda has launched a nationwide outreach campaign dubbed the ‘Sex Mobile’ caravan aimed at raising awareness about HIV prevention, promoting safe sex and improving access to sexual and reproductive health services. The campaign, which will run for several months, will see a specially equipped mobile van travel across
EACOP Hands Over Sanitation Facilities and Sports Equipment to Kabonera Community
The East African Crude Oil Pipeline (EACOP) Ltd., the company spearheading the development of Uganda’s crude oil export pipeline, has today opened new and sanitation facilities to Kabonera Community in Kabonera Village, Kyotera District with the aim of improving public health, and sanitation of the surrounding communities of Kabonera, Nabigasa, Kabugimbi,
