Business

Uganda’s shilling lending rates rise to 18.73% in February 2026

Uganda’s lending rates showed mixed trends in February 2026, with the cost of borrowing in local currency inching upward while rates on foreign currency...

Gov’t launches POSTCOM online trade platform

The government has launched Postcom, a new online shopping platform operated by Posta Uganda, aimed at making it easier for Ugandans to buy and...

Uganda converts Shs7.78t central bank advance into long-term debt as borrowing pressures rise 

Government has quietly converted a Shs7.78 trillion temporary advance from the Bank of Uganda into long term public debt, a move that will see...

Absa Bank Uganda profits rise 25.1% as customer deposits surge to Shs4.6t

Absa Bank Uganda has reported a strong financial performance for 2025, posting a 25.1 percent increase in profit after tax to Shs228 billion, driven...

Speke Resort Munyonyo to host Oil and Gas Convention 2026 as Uganda nears first oil production 

The 11th Annual Oil and Gas Convention 2026 will take place later this month, bringing together key government officials, industry players and investors as...

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