Business

Gov’t suspends trade order enforcement

Government has suspended the enforcement of the controversial trade order following widespread complaints from traders, religious leaders and the Inter-Religious Council, State Minister for...

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...

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