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<strong>Shilling starts week on strong footing</strong>

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 Trader in CIB Markets department

Markets
<strong>Shilling firms as hard currency flows in</strong>

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 trading at Absa Bank Uganda

Markets
NWSC Turns 50 Years, commits to water for all and excellent customer service

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 18 million people. NWSC was

Markets
MTN Uganda revenues hit Ugx1.68 trillion, to issue Ugx5.40 per share interim dividend for the quarter ended September 30, 2022

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 Capital noted in a report

Markets
Shilling strengthens as November starts

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 day at the 3785/3795 levels,

Breaking news
Airtel Money Uganda hit by Ugx30 billion heist  – reports indicate

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 with an amount estimated be

Markets
Bank of Uganda to auction UGX 285billion as shilling loses ground  

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 and Corporate demand, a report

Markets
NEC completes and hands over Greater Masaka Presidential Youth Hub

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 Hubs Projects under State House

Markets
UNBS simplifies and translates food standards into Alur and Acholi. Targets Micro, Small and Medium Enterprises in Northern Uganda.

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 and translated them to local

Markets
Uganda’s Asaak raises USD50 million in private capital

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 of co-investors, as well as

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