Police fraternity tipped on fighting Gender Based Violence

The department of sexual and children related offences under the Directorate Of Criminal Investigations at Kibuli CID headquarters has today opened a two days training course on prevention of Sexual Gender Based Violence (SGBV) and Sexual, Reproductive…

Uganda To Use Tatu City For Benchmarking

The Uganda Parliament will use Tatu City as a benchmark for the successful implementation of Special Economic Zones (SEZ).This follows a successful visit by members of the parliamentary Budget Committee to the 5,000-acre new city.In a press statement b…

Ex VTB executive Riccardo Orcel joins British agri trader Quanton as chairman

Published by Reuters UK By Pamela Barbaglia and Jonathan Saul LONDON (Reuters) – Former VTB banker Riccardo Orcel has taken a new role as chairman of London-based agricultural trader Quanton Commodities as he seeks to revamp his career after more than a decade at Russia’s second-largest lender. It is the second chairmanship in less than […]

Uganda scoops three international tourism awards

Uganda has been crowned this year’s Grand prix and two times gold award by the International Tourism Film Festival Africa (ITFF) for its film, Explore Uganda- The Pearl of Africa.The event which was held in Cape Town, South Africa saw Uganda’s short f…

Shilling remains weak as BOU mops sh305b excess cash

The Uganda Shilling remained weak during Thursday’s session on continued interbank and pockets of corporate demand for dollars, traders said.The local unit closed the session at the 3555/3565 levels per dollar.Money markets were liquid according to Abs…

Stanbic to fund monthly oil talks

“As Uganda slowly moves closer to becoming an oil-producing nation, the likely beneficiaries need to be empowered with knowledge of both likely benefits and liabilities,” says Ann Juuko, the Stanbic Bank managing director. Oil production from the Tilen…

Dollar demand continues to weaken shilling on Wednesday

KAMPALA – Continued interbank demand for hard currency during Wednesday’s session led to further shilling weakness during the day’s trading session. The local currency touched lows of 3560/3570 from market opening levels of 3545/3555 per dollar. Money …

Total offers free training to 150 Ugandans for oil, gas jobs

Over 150 individuals with a minimum qualification of an advanced certificate are to benefit from free online training in courses ranging from basic mathematics to health and environmental safety.The training by TotalEnergies EP Uganda is a four-year pr…

Infrastructure key for e-commerce growth

If there is any sector that saw great uptake during the 2020-2022 pandemic-induced lockdowns, it was e-commerce. However, challenges remain. According to Ronnie Kawamara, the Jumia Uganda chief executive officer, e-commerce uptake is growing so fast, b…

Fitch gives Stanbic positive credit rating

Fitch, an international credit rating agency has affirmed Stanbic’s long-term issuer default rating at B+ while it maintained its ‘AAA’ rating in Uganda. The ratings simply mean the bank has the lowest expectation from the agency to default on any paym…

Shilling weakens despite month-end inflows on Monday

Despite month-end inflows, the Uganda shilling weakened marginally on Monday driven by the appetite for dollars from corporate and interbank players, traders said.The Uganda shilling shed some gains to close the day’s trading at 3525/3535 levels from a…