A call to action for central banks to start CBDC issuance
A new report by Giesecke+Devrient and the Official Monetary and Financial Institutions Forum [OMFIF] reveals that it’s time for the decisive step to deploy central bank digital currencies. The payments services industry is experiencing a period of dynamic change. New entrants from beyond the banking sector are rapidly developing products
Shilling Holds Steady Against the Dollar Amid Strong Inflows
The Ugandan shilling remained stable against the dollar throughout the week, supported by strong inflows from commodity exporters and remittance firms, which outpaced corporate demand. By Friday morning, the local currency was trading at 3668/3678, strengthening from the week’s opening levels of 3677/3687. In the near term, we expect the
Housing Finance digital solutions transforming customer experience
Aware of the stark reality that the global economy is increasingly getting digitized, Housing Finance Bank is setting the pace in Uganda through their digital campaign that comes with incentives for customer adoption to mobile banking, e-commerce and other related services. In an exclusive interview with John B.Kaweesi, the bank’s Head
Gov’t proposes Shs 57.441 trillion budget for financial year 2025/2026
The government has tabled the Budget Framework Paper ahead of the 2025/2026 fiscal year. The paper was presented by Henry Musasizi, the Minister of State for Finance. According to the Budget Framework Paper, the estimated budget for the next financial year stands at Shs 57.441 trillion, a reduction from the
Uganda shilling holds strong against the dollar amid sector demand and global market influences
The Uganda shilling opened the week on a strong note, trading at 3645/3655 against the U.S. dollar. It briefly hit 3640/3650 before stabilizing back at 3645/3655 during the early session. Continued dollar inflows from the agri-commodity sectors especially coffee and cocoa as well as inward remittances, helped the dollar maintain
Tecno’s Phantom V Fold2 5G, Phantom V Flip2 5G awarded for design excellence
Global technology brand, Tecno has once again showcased its prowess in designing excellence by securing two prestigious “excellent product design” awards at the German Design Awards 2025. The Tecno Phantom V Flip2 5G and Phantom V Fold2 5G were both honored in the Computer and Communication category, reflecting the brand’s
UBL celebrates festive season through ‘buckets of cheer’ campaign
Uganda Breweries Limited (UBL) under its vast beer portfolio ushered in the festive season with the launch of its “Buckets of Cheer” campaign, a heartwarming initiative designed to bring people together, spread joy, and create memorable celebrations across Uganda during this special time of year. Through this initiative, UBL invites
