The local currency continued to lose ground as both offshore and local interbank demand exceeded month-end inflows, Richard Nsubuga, a trader at Absa bank CIB Markets department said. The shilling…
The National Social Security Fund (NSSF) withstood tough economic conditions occasioned by the residual effects of the Covid-19 lockdown, economic contraction in the quarter ended March 2022 and mass withdrawal…
Agilitee, the market leader in Artificial Intelligence, electric vehicles and the green revolution giant has commenced the roll out of electric vehicles in Zimbabwe. Most of the customers have started…
Uganda Development Bank, the country’s National Development Finance Institution, recently released its 2021 Direct Impact Report highlighting the fundamental role that the Bank continues to play toward Uganda’s sustainable socio-economic…
The Ugandan shilling was stable on Friday, with dollar inflows from commodity exports and remittances lending support, traders said. A Centenary Bank report indicates that the dollar’s surge to new…
It was quiet trading during Friday’s session as expected with the shilling opening trading at the 3805/3815 levels and closing at the 3810/3820 levels, still within a narrow range, a…
The shilling continued to swing within a narrow range, closing the day at 3805/3815 from opening levels of 3810/3820 as dollar inflows from NGOs and exporters were matched with Corporate…
The shilling weakened marginally to close Wednesday’s session at the 3810/3820 levels having opened trading at the 3805/3815 levels. Pockets of demand from Corporates and the interbank led to the…
TechPR Nigeria, a public relations and communications firm co-founded by former Editor-in-Chief of TechCabal, Adegoke Oyeniyi, has announced the appointment of Felicia Omari Ochelle as CEO.Since its inception in 2019,…
The level of savings and investment in Uganda’s capital markets has grown significantly, notwithstanding the reduction of disposable incomes as a result of the prevailing inflationary pressures, the Capital Markets…