The Ugandan Private Sector registered an improvement in Business conditions in October. There were increases in output, new orders, employment numbers and stock purchases. The headline Stanbic PMI index registered a 52.8 reading. Releasing the October Stanbic PMI findings, Jibran Qureishi, Stanbic Bank’s Regional Economist for East Africa revealed, “We
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The Uganda shilling was volatile in the early part of the week ending 3rd November 2017, but later stabilized as corporate and interbank demand fizzled out. Trading was in the range of 3650/3660. A week earlier, the Uganda shilling drifted in narrow range after hitting a near two year low as
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The Uganda shilling drifted in narrow range after hitting a near two year low as a result of the Central Bank intervention that was triggered by demand pressures during the week ending 27th October 2017. Trading was in the range of 3655/3665 during. Market players remained square to long, taking a
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Equity Bank Uganda has opened its 32nd branch across the country; an exclusive banking outlet along Buganda Road dubbed the ‘Supreme Banking’. The branch was launched in an exquisite cocktail event attended by selected businessmen and influential fellows of the corporate community. The branch has a classy lounge with free
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After months of stability, the Uganda Shilling continues to lose ground. During the week ending 20th October 2017, trading was in the range of 3645/3655. In the early part of the week, the Shilling was under immense pressure on account of strong demand from the interbank ,as commercial banks rushed
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Kwesé TV, Africa’s newest broadcast network on Tuesday launched its dynamic satellite TV service in Uganda, bringing a whole new world of premium sports and general entertainment content to market. Kwese’s entry will be closely watched by already existing players such Star Times, MultChoice (Dstv and GOtv), Azam and Zuku
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The Uganda Shilling weakened and breached the key resistance level and traded above the 3600 during the week ending 13th October 2017, driven by the surge in demand from importers and inter-bank. After months of stability, trading was in the range of 3620/3630. In inter-bank money market, overnight funds traded
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Uganda’s leading Hotel and Safari Lodge have been named at the World Travel Awards 2017 held on Tuesday evening in Kigali, Rwanda. Kampala Serena Hotel was voted as the best in Uganda for the 5th consecutive year. It beat of stiff competition from Hotel Le Petit Village, Laico Lake Victoria
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Uganda Telecom (UTL) and WIOCC Tuesday announced a major Internet capacity partnership that will facilitate delivery of more data capacity and faster speeds in Uganda, while further lowering the cost of the internet to millions of Ugandans. The initiative was launched at a media briefing held at the Kampala Serena
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October 9, 2017 marks 55 years since Uganda attained independence from Britain. However, the desire to be politically, economically and socially independent largely remains a dream. While it’s true that Uganda has witnessed unprecedented political turmoil (largely caused by Ugandans themselves) which has negatively devastated the economy, many Ugandans still
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