The Uganda shilling was relatively stable supported by end month flows from charities amid subdued demand during the week ending 3rd July 2018. Trading was the range of 3690/3700. In the interbank money market, overnight funds traded at 6% while one week traded at 9%. In fixed income market, Shs
Read More
Two government agencies, Uganda Revenue Authority (URA) and Uganda National Bureau of Standards (UNBS) have assured Ugandans that there is no ‘bad’ sugar on the Ugandan market. This is after a government newspaper, The New Vision run a story on Friday 3rd August, 2018 titled “BANNED KENYA SUGAR SNEAKED INTO
Read More
A new report has revealed that the increasing number of foreigners engaging in petty trade has infringed on the economic space and livelihoods of Ugandan citizens. These aliens (foreigners) range from refugees, commercial and professional immigrants and even illegal immigrants in some cases. This revelation is contained in report of
Read More
Nicholas Kasozi has signed a three-year deal with KCCA FC becoming the club’s fifth signing since the break, the Club said on its official website. Kasozi who plays as a defensive midfielder spoke to KCCA FC website shortly after signing. “This is a dream come true for me as a
Read More
Pamper them, put a smile on their faces and make more money from them. That’s exactly what Ugandan banks are doing to the rich as competition in the banking industry intensifies. Many banks have opened up exclusive outlets for the rich with classy lounges, free Wi-Fi internet, tea and most
Read More
The Bank of Uganda (BoU) Governor, Prof. Emmanuel Tumusiime-Mutebile has revealed that Uganda’s banking sector is improving steadily supported by the recovery in economic growth. He made the remarks during Uganda Bankers Association (UBA) Informal Dinner held on Friday at Golden Tulip Hotel, Nakasero. “I am pleased to report that
Read More
The Uganda shilling traded in a tight range, slightly weakening on account of commercial banks squaring positions during the week ending 27th July 2018. Inflows were sufficient to keep the volatility in check. Trading range was 3785/3795. In the interbank money market, overnight funds traded at 6% while one week traded
Read More
Telecom giant Airtel Uganda Friday afternoon announced that it had partnered with Buganda Kingdom’s struggling K2 Telecom in a move that will see subscribers of the latter enjoy all the services offered by Airtel. As part of the agreement, people in Buganda will get an opportunity to buy a co-branded
Read More
President Yoweri Kaguta Museveni has hailed the role played by the Indian community in Uganda’s economic growth. To date, there is a sizeable community of people of Indian origin living in Uganda, but they are vibrant and holds an important position in the economy and political life of this country, Museveni
Read More
President Yoweri Museveni has asked Narendra Modi, the Prime Minister of India to allow revived Uganda Airlines to fly directly to India. Below is Museveni’s inspiring message; I welcome His Excellency Narendra Modi, the Prime Minister of India, and his delegation, to Uganda on a two-day state visit. It is
Read More
