Shilling Gains as Portfolio Investors and Exporters Drive Market Moves
A combination of strong inflows from portfolio investors and commodity exporters helped the local unit register gains against the Greenback during the week, Richard Nsubuga, Trader CIB Markets Absa Bank Uganda said. The shilling touched February highs of 3660 / 3670 levels on Thursday morning, a level which attracted
AfDB Partners with Interpol to Combat Financial Crime and Strengthen Anti-Corruption Efforts in Africa
The African Development Bank Group has taken a significant step forward in its fight against corruption and financial crime by signing a Letter of Intent with the International Criminal Police Organization (Interpol). The Bank Group is the first multilateral development bank to establish such a collaboration with Interpol. The Letter
Scottish Africa Business Association Embarks on Pioneering Trade Mission to Kenya
The Scottish Africa Business Association (SABA) is excited to announce a trade mission to Kenya to explore new business opportunities for Scottish companies and institutions, supported by the Scottish Government. This mission will take place from May 12- 16, and will focus on key sectors that promise mutual growth and
Delist Uganda from Anti-Money Laundering grey list- Speaker Tayebwa
Deputy Speaker of Parliament Thomas Tayebwa has urged the European Union Parliament to expedite the process of removing Uganda from its anti-money laundering and terrorism financing grey list. Uganda has been on the list since 2016. Tayebwa made the request while meeting the Deputy President of the European Union
How to choose a brand ambassador for your company
Adidas’ recent signing of NFL star Patrick Mahomes aims to challenge Nike’s U.S. dominance, while SPRIBE’s UFC partnership boosts market reach. But how do ambassadors fuel expansion? Delasport’s success with Ronnie O’Sullivan showcases how the right athlete enhances visibility, credibility, and audience engagement. The role of a sports ambassador A
Uganda Breweries donates investments worth Shs 30m to empower and women in Luzira
Uganda Breweries has donated items worth Shs 30M to the Luzira Youth and Women community. The donation includes 400 plastic chairs, 10 tables, 2 portable mini-sound systems, and 4-fifty-seater tents which will serve as revenue-generating assets through hire towards community development initiatives. While handing over the items to the Youth
Wendi facilitates disbursement of Shs 520 billion to over 10,000 SACCOs
Wendi Mobile Wallet, a payment platform developed by PostBank has facilitated the disbursement of Shs 520 billion to 10,589 Savings and Credit Cooperatives (SACCOs) across Uganda, marking a significant milestone in the country’s financial inclusion journey. According to George Kiyingi, Head of Agent Banking and Fintech Distribution at Wendi, the
Oil & Gas: Worker Killed by Falling Steel at Central Processing Facility in Buliisa
As Uganda prepares to produce its first oil this year, a tragic workplace accident has occurred at the Central Processing Facility (CPF) in Kasinyi Village, Ngwedo Sub County, Buliisa District. Maxwell Atuganyira, 30, an employee of Steadfast Crane Services—a subcontractor under Essar Crane Services Company—was fatally injured on Tuesday afternoon
Wendi Mobile Wallet Digitizes PDM Payments
Wendi mobile wallet developed by PostBank has revolutionized the payment process for the Parish Development Model (PDM) program through its innovative digital platform. By leveraging cutting-edge technology, Wendi has successfully digitized PDM payments, reducing processing time, increasing efficiency, and promoting financial inclusion. Prior to the introduction of Wendi, PDM payments
AFC and CEXIM Strengthen Partnership to Drive Trade and Infrastructure Growth Across Africa
Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, has signed a Memorandum of Understanding (MoU) with the Export-Import Bank of China (CEXIM) to deepen collaboration in financing strategic infrastructure and trade projects across Africa. The agreement builds upon an existing relationship between the two institutions, dating back to 2018,
