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
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
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
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
Stanbic Bank and Prudential Expand Medi-Protect to Strengthen Access to Affordable Health Cover
Stanbic Bank Uganda, in partnership with Prudential Assurance Uganda Limited, has launched an enhanced version of the Stanbic Medi-Protect health insurance solution. The expanded offering introduces broader medical benefits, higher coverage limits, and a new affordable inpatient-only option aimed at expanding access to healthcare protection for Ugandans. The upgrade comes
Stable Shilling Masks Rising Liquidity and Borrowing Pressures
The Uganda shilling remained broadly stable against the US dollar during the week, trading within the 3,755–3,775 range. However, signs point to potential appreciation in the near term, as corporate demand is expected to ease, with many firms conserving shilling liquidity to meet end-of-financial-year tax obligations. The currency pair was
Stanbic shareholders hail Karuhanga as he steps into regional role
At Stanbic Uganda Holdings Limited’s (SUHL) 20th Annual General Meeting (AGM) held at Serena Kampala Hotel, shareholders momentarily set aside routine corporate proceedings to recognise the stewardship of outgoing chief executive Francis Karuhanga, whose tenure is now culminating in a transition to regional leadership within Standard Bank Group. The acknowledgement
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
