The Bank of Uganda has officially launched a three year pilot Domestic Gold Purchase Programme, in a move aimed at strengthening and diversifying Uganda’s foreign exchange reserves through the purchase...
The Court of Appeal has upheld a finding that Uganda Development Bank Limited (UDB) breached a financing agreement with agro-processing firm Afro-Kai Ltd, affirming the bank’s liability for withdrawing a...
As the clock ticks toward June, when the current term of Insurance Regulatory Authority (IRA) Chief Executive Officer Ibrahim Kaddunabbi Lubega is expected to expire, a quiet but palpable tension...
Uganda Airlines has announced the return to service of its aircraft, registration 5X-NIL, a Airbus A330-800neo, marking a major step in restoring long haul capacity and resuming flights to Dubai....
By mid-afternoon in Obongi Town, small crowds gather at makeshift charging points. Phones are handed over, names are sometimes scribbled down, and a fee of UGX 500 is paid, if...
The UGX closed the week steady riding on the positive sentiment generated by the news of IMF disbursement designed to assist the country deal with the economic effects of Covid-19….
Dr Phiona Atuhebwe’s story is a from the frontline healthcare worker to a confirmed case story. The only good news is that unlike thousands of gellow healthcare workers who have…
The Executive Board of the International Monetary Fund (IMF) on Wednesday, May 6th approved a disbursement of USD491.5 million (UGX1.87 trillion) under the Rapid Credit Facility (RCF) to help deal with the effects of Covid-19. According to an IMF media release, the money is to “finance the health, social protection and macroeconomic stabilization measures, meet the urgent balance-of-payments and fiscal needs…
The Stanbic Purchase Managers Index (PMI) survey report for April has shown a deterioration in business conditions following the Covid-19 induced lockdown that started on 24th March 2020. The lockdown…
As many African countries imposed restrictions on social distancing in March, a study shows majority of consumers turned to contactless card payments for necessary purchases. According to Consumer polling by…
As major airlines stay grounded due to the Coronavirus pandemic, DHL Global Forwarding has launched a dedicated 100-tonne weekly air freight service for organizations and governments shipping goods from China…
22% surge in customer deposits propels growth in customer lending and investments; creating a UGX3.4 trillion asset base, allowing Absa to overtake Standard Chartered Bank and dfcu Bank to become Uganda’s third largest commercial bank, after Stanbic and Centenary Bank.
As Uganda joins the rest of the world to celebrate World Press Freedom Day, today, Twaweza, a Non-Governmental Organization has called for all Ugandans to honour the critical role that…
After nearly 2 months of lockdown, the euphoria building up within the city as they anticipate partial easing is tangible. We stopped moving, kept quiet, crouched down, and listened to…
The deadly Covid-19 disease caused by the novel Coronavirus, may have no clear-cut treatment- but as it appears, prevention seems to be the most sustainable way of managing the disease…
