The Uganda shilling held steady, trading within range amid low dollar appetite across all sectors. Supply was beefed up by end month conversions. The unit was quoted at 3800/10. The…
The Uganda Shilling pared losses after struggling for momentum against a bullish dollar. The shilling rally was driven mainly by domestic factors that dented demand. Trading was in the range…
Bank of Uganda has issued Xente Tech Ltd, a financial technology platform that simplifies payments and finance for businesses, with a Payment Systems Operator (PSO) license. The development opens up…
A Djibouti-based bank, Salaam African Bank (SAB) has acquired Uganda’s Top Finance Bank Limited (TFB). Bank of Uganda (BoU), the financial sector regulator announced the acquisition today on Monday 8th…
The shilling was in a risk off trade as foreign institutional investors continued to reduce their exposure to riskier assets. The currency tested the 3900 level and later retreated to…
PostBank Uganda, a financial institution that is committed to empowering lives and transforming livelihoods, has launched its new smart ATMs in a bid to get more Ugandans financially included through…
Housing Finance Bank last week sponsored a Breakfast Meeting at Serena Hotel, Kigo aimed at identifying untapped opportunities for the Ugandan economy to recover through foreign direct investment. Under the…
The perpetual decline of the shilling continued with the unit touching record lows, inching towards the 3900 levels as offshore investors dollar demand coupled by oil importers demand intensified. The…
The Uganda shilling slumped to an all time record low against the dollar, breaching a crucial psychological level of 3800 on increased demand mainly from offshore portfolio investors exiting the…
The Uganda shilling weakened early in the week and later recouped some losses in choppy trading as mid month tax payments took away appetite for dollars. Trading was in the…