Shilling starts week on strong footing
The local unit started the week on a strong footing supported by dollar inflows from commodity exporters, as corporate demand continued to lie low, a report by Richard Nsubuga, a…
Shilling firms as hard currency flows in
The shilling maintained trading within the 3775/3785 levels throughout the day on Tuesday with balanced activity on the supply and demand side, a report by Catherine Kijjagulwe, the head of…
NWSC Turns 50 Years, commits to water for all and excellent customer service
National Water and Sewerage Corporation (NWSC) is Uganda’s largest urban water authority providing potable water and sewerage services in 262 towns, with a customer base of 900,000 connections serving approximately…
MTN Uganda revenues hit Ugx1.68 trillion, to issue Ugx5.40 per share interim dividend for the quarter ended September 30, 2022
MTN Uganda has released its quarterly results indicating that revenues have increased 11.62% to Ugx1.68 trillion ($444.28 million) driven by double digit performance in its data and fintech segments. Crested…
Shilling strengthens as November starts
Inflows remained healthy throughout the first trading day of the new month leading to further shilling strength to touch highs of 3775/3785 during the day’s session, but later closed the…
Airtel Money Uganda hit by Ugx30 billion heist – reports indicate
News reaching Codered Uganda’s news desk is that unidentified, but believed to be powerful hackers on Friday, October 28 broke into Airtel Mobile Commerce Uganda Limited (AMCUL) systems— making off…
Bank of Uganda to auction UGX 285billion as shilling loses ground
Volatile trading during an overall quiet Friday session saw the shilling losing some ground to close the day a tad weaker at the 3810/3820 levels driven by pockets of interbank…
NEC completes and hands over Greater Masaka Presidential Youth Hub
Eng Brian Buhanda, the General Manager -NEC Construction Works and Engineering Ltd (NEC Works) has handed over the Greater Masaka Presidential Industrial Youth Hub to Eng Raymond Kamugisha -Director -Industrial…
UNBS simplifies and translates food standards into Alur and Acholi. Targets Micro, Small and Medium Enterprises in Northern Uganda.
The Uganda National Bureau of Standards (UNBS) with support from Advance Afrika under the Action for Livelihood Enhancement in Northern Uganda (ALENU) Project, has simplified food standards into easy-to-use guidelines…
Uganda’s Asaak raises USD50 million in private capital
A report by the East African Venture Capital Association (EAVCA) indicates that a 2022 US$30 million follow-on investment in two-wheeler asset financing company- Asaak -by Resolute Ventures and an assortment…