Absa Bank Uganda and Prudential Uganda have launched the Absa Family Protection Plan, a life insurance policy, designed to help families plan for the financial needs faced during the loss of a loved one who is either a member or immediate member of a family.
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Absa Bank has committed to sponsoring to a tune of sh65 million the Makerere University centenary celebrations, which were launched in November 2021.
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Absa Bank has announced a reduction in its prime lending rate for shilling denominated loans, riding on the back of an accommodative monetary policy stance by the Central Bank.
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BANKERS REPORTER Small and medium-sized enterprises (SMEs) will benefit from a Business Continuity and Survival Training and Coaching tailored to their growth. The interactive online training programme is aimed at equipping SMEs with the knowledge, skills and tools necessary to enhance their survival, recovery and continuity in light of the economic effects of the COVID-19 pandemic. The trainings, which will support SMEs in the construction, manufacturing, tourism and hospitality sectors, will be a blend of short live webinars conducted twice a month and a series of online courses available to…
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The auction spurred secondary market activity that led to a downward shift in the government securities yield curve
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the outlook is for the shilling to likely remain relatively weak trading within the 3650 – 3750 levels in the short term as activity picks up on the demand counter in the new year after the end of year wave of dollar inflows
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The currency closed the year trading at 3650 / 3660, weaker than the day’s opening of 3640 / 3650.
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As activity slows down during the festivities, the shilling is likely to maintain trading within the 3640 – 3690 range until demand picks up significantly
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The shilling is likely to hold within the 3670 – 3740 range in the next few weeks as the festivities set in and eventual shilling weakening should happen closer to the month-end and into the Election period.
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Money Markets remain liquid overall with overnight trading within the 6.75% – 7.20% levels. Bank of Uganda will hold a sh245 billion Treasury Bill auction on Wednesday that is likely to be well subscribed based on Money Market liquidity levels.
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