Shilling Weakens Slightly Amid Dollar Demand, Global Uncertainty
The Uganda shilling weakened slightly this week, trading at 3,750/3,760 against the US dollar, compared to the previous week’s opening of 3,745/3,755. The depreciation was largely driven by increased demand for hard currency from offshore players and the local interbank market, while corporate players remained on the sidelines, holding shillings
Coca-Cola Beverages Uganda introduces Coca-Cola 1L PET bottle to meet evolving consumer needs
Coca-Cola Beverages Uganda (CCBU) announced the launch of the Coca-Cola 1 Litre PET bottle, expanding its portfolio with a shareable bottle designed for everyday occasions. The new pack is priced at Shs 2,500. The 1L PET bottle offers a balance of quantity, affordability and convenience, making it ideal for families and
Young Women Drive Uganda’s Digital Economy Through Mobile Business Skills
In the busy trading centres of Kasese District, young women entrepreneurs are quietly reshaping Uganda’s economy through digital innovation, using mobile phones not just for communication, but as tools for business growth, financial management, and economic survival. Development experts say this growing shift toward digital entrepreneurship among young women has
Dfcu takes services to Busoga with anniversary medical outreach
dfcu Bank has marked its 62nd anniversary by hosting a humanitarian medical camp in Walukuba-Masese Division in Jinja District, as part of a nationwide outreach initiative aimed at improving access to healthcare in communities across Uganda. The health camp, organized in partnership with the Busoga Kingdom and Rotary District 9213, offered
Digital records strengthening women’s agency at home and in business
Women entrepreneurs and young business owners in Kikuube District are increasingly embracing digital record keeping as a way of strengthening their businesses, improving accountability, and gaining greater financial independence both at home and in their communities. Many say using mobile phones to track business transactions is helping them make informed
Kariisa Joins Standard Chartered Board as Bank Eyes Corporate Banking Expansion
Standard Chartered Bank Uganda has reaffirmed its long-term commitment to the country’s economic transformation, underscoring its strategic focus on Corporate and Investment Banking, governance, and support for Uganda’s development agenda. The reaffirmation came during the announcement of the appointment of Next Media Group Chief Executive Officer, Kin Kariisa, as an
Uganda airlines turns to leasing deal to plug fleet gaps amid expansion push
Uganda Airlines has brought in a Boeing 737-800 under a wet-lease arrangement with Ethiopian Airlines, signalling a push to sustain its expansion ambitions amid growing demand and limited in-house capacity. The aircraft, received on Tuesday, May 12, is the first of two expected under the deal and will be operated
Airtel Africa post $6.415 billion revenue
Airtel Africa Posts Record Results for FY2026, with 24% Revenue Growth and 183.5 million Customers East Africa, including Uganda, drives strong performance as mobile money subscribers surge 21% to 54 million and data traffic nearly doubles across the network. Airtel Africa has reported record financial results for FY2026, driven by
Competition Heats Up as 200 Schools Enter Stanbic Innovation Boot Camp
There is a highly competitive atmosphere at Gayaza High School, as students representing 200 schools across Uganda, begin the boot camp stage of the annual Stanbic National Schools Championships. The 11th edition of the Stanbic Bank sponsored competition is running under the overall theme ‘Powering Innovation for Job Creation’ with
MSMEs shift from collateral to data as lenders rethink creditworthiness
By Ambrose Dillan Masengere The just concluded 10X MSME Finance Exchange, convened by the United Nations Capital Development Fund (UNCDF) under the 10X Programme, explored a central question in Uganda’s financial ecosystem: what truly makes MSMEs attractive to lenders and development partners. A key takeaway from the discussions is a
