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 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…
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…
“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…
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 …
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…
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, 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…
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…
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…
As the world marks Earth Day, activists in Africa are calling for wealthier countries to take responsibility for climate change and do more to help developing countries cope with the repercussions.In Africa, the climate crisis is threatening the liveli…
As part of initiatives aimed at alleviating the perils of climate change, MTN has pledged its commitment to achieve net zero emissions by 2040. In this commitment, MTN has set science-based targets to achieve a 47% average reduction in absolute emissi…
In a market with too many applicants and not enough jobs, getting experience is a catch-22; you need it to get jobs, you need a job to get it. It is not once that employers in Uganda have voiced their grievance of employing youth armed with theoretica…
