Four of the five monitored sectors in the monthly Stanbic Purchasing Managers’ Index (PMI) reported increases in output with the exception of construction as the November reading dipped to 53.9 down from 55.8 in October. Readings above 50.0 signal an improvement in business conditions on the previous month, while readings
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The local currency traded with a mild bullish bias, gaining slightly on heightened interbank and corporate activity that saw the unit trading within a narrow range of 3690/3700 during the week ending December 4, 2020.In other domestic economic news, CPI data showed a slight drop in consumer inflation in November
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Housing Finance Bank, NSSF and ABC (Agent Banking Company) officials witnessing the first NSSF contribution of Shs30,000 through HFB Agent Housing Finance Bank, National Social Security Fund (NSSF) and ABC (Agent Banking Company) have today announced a partnership that enables social security collections through agency banking. The partnership means that
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Trading taking place at the bourse/USE There are 17 companies listed on the Uganda Securities Exchange (USE). Nine of the companies are locally listed while eight of them are cross listed from the Nairobi Securities Exchange. The local companies listed on USE include Uganda Clays Ltd (UCL), Cipla Quality Chemical
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President Yoweri Museveni has revealed that Government shall organize bailouts for businesses that have been badly hit by COVID-19 pandemic. The President made the remarks Sunday evening during his special address to the nation. “As we look forward to emerging from this COVID-19 nightmare, we shall organize bailouts for businesses
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The dollar index hit an almost three-month low on Friday after strong economic data from China pushed investors toward riskier currencies and equity markets extended their rally. The dollar has fallen more than two per cent so far this month after Democratic US President-elect Joe Biden's election victory and positive
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The Bank of Uganda (BoU) Deputy Governor, Michael Atingi-Ego (pictured) has called upon both Government and the people of Mbale city to further support the Agricultural Credit Facility (ACF) so that Mbale becomes a productive city instead of being a consumption city, saying; “I pray that the growing demand
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The Uganda shilling clawed back some ground in thin trade with the money markets awash with liquidity. The home unit held steady in the range of 3680/3700. In the fixed income space, yields for a 3 year and 15 year printed at 15.50% and 15:30%, indicating an inverted yield curve.
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Housing Finance Bank Managing Director, Michael Mugabi The Bank of Uganda (BoU) has awarded Housing Finance Bank as the best performing Primary Dealer in Uganda Government Securities for the month of October 2020. The award from BoU Governor, Prof. Emmanuel Tumusiime-Mutebile was received by Housing Finance Bank Managing Director, Michael
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Stella Keitirima, Director of Stella Keitirima Enterprises, a cassava, maize and sorghum farmer and supplier (L) makes a point during a press briefing as Twesiga Sosimu of Farm Uganda Farmers' Ltd and Eria Semaganye of Kawanda Grain Millers look on. The briefing was held by farmers who supply raw materials
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