Ali Twaha

Kampala

Business and Finance Journalist at New Vision Uganda

Financial Journalist @newvisionwire || #DataScientist #Introvert #Moderator ||

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Articles

Pebuu Africa expands into West Africa

3 weeks ago | newvision.co.ug | Ali Twaha

________________Pebuu Africa, a tech company known for its work in field management and financial inclusion, has expanded into three new West African markets including; Nigeria, Ghana, and the Democratic Republic of Congo (DRC). The strategic move represents a major step in the company’s broader mission to improve access to financial services across the continent.
Weekly market wrap: stock market slows ahead of budget week

3 weeks ago | newvision.co.ug | Ali Twaha

________________Trading activity dropped sharply at the Uganda Securities Exchange (USE) with only eight counters changing hands and total turnover falling to sh110m in 1.43 million shares. The is a steep decline from sh1.5b in nearly 19 million shares traded the previous week according to market data from Crested Capital. Next week, the finance minister Matia Kasaija is expected to deliver the budget for the fiscal year 2025/26.
Currency updates from Wednesday’s session

3 weeks ago | newvision.co.ug | Ali Twaha

________________Balanced demand and supply kept the shilling at bay, trading at 3635 / 3645 levels all day. Money markets were liquid today with overnight and one-week trades averaging at 10.00% and 10.42% respectively. Effective yields from today’s Treasury bill auction dropped on the 91-day and 182-day maturities by 25 and 7.2 basis points, respectively, clearing at 12.005% and 12.627%, respectively, compared to the previous auction.
Uganda Securities Exchange extends Umeme trading suspension

3 weeks ago | african-markets.com | Ali Twaha

The Uganda Securities Exchange (USE) has extended the suspension of Umeme shares from trading until June 12 as the company continues to dispute a compensation claim with the government. The extension follows Umeme’s June 2 notice saying talks with the government over a $292m compensation claim had failed to reach an agreement. The 20-year Umeme concession for electricity distribution ended after February 28 2025.
Currency update from Monday’s session

3 weeks ago | newvision.co.ug | Ali Twaha

________________The Uganda shilling opened the month trading marginally weaker against the dollar, with pressure seen coming from corporates in the manufacturing sector who bought hard currency on the day, traders said. The local unit closed the day trading at 3635 / 3645 levels compared to the day’s opening of 3628 / 3638. Money markets were liquid today with overnight trades averaging at 7.51% according to market data from Absa.
USE extends Umeme trading suspension

3 weeks ago | newvision.co.ug | Ali Twaha

KAMPALA - The Uganda Securities Exchange (USE) has extended the suspension of Umeme shares from trading until June 12 as the company continues to dispute a compensation claim with the government. The extension follows Umeme’s June 2 notice saying talks with the government over a $292m compensation claim had failed to reach an agreement. The 20-year Umeme concession for electricity distribution ended after February 28 2025.
Weekly Market Wrap: Turnover hits sh1.5 billion

3 weeks ago | newvision.co.ug | Ali Twaha

KAMPALA - Trading activity on the Uganda Securities Exchange rose this week to shsh1.5b in turnover, up from sh67.57m the previous week, according to a market report from Crested Capital. The surge came from MTN Uganda and Stanbic Holdings shares, which together accounted for nearly 98% of the total value traded. MTN was the most active counter with sh798.61m of weekly turnover. Stanbic followed with sh663.4m of total trades.
I own only two acres of land in Kampala - Gen Saleh

4 weeks ago | newvision.co.ug | Ali Twaha

KAMPALA - At the ongoing fourth edition of the Musevenomics conference, Gen Salim Saleh said that ownership of land in Kampala needs to be investigated in order to make it productive. Amidst a broader discussion about land being the most distorted factor of production in the economy, Gen Saleh noted that, contrary to public opinion, he doesn’t own a lot of land in Kampala. Land is “a very interesting subject which I think really needs to be studied, needs to be funded and studied,” Gen Saleh said.
Currency updates from Thursday’s session

4 weeks ago | newvision.co.ug | Ali Twaha

________________Dollar inflows from portfolio investors helped the Uganda shilling register more gains against the Greenback on Thursday, traders said. The local unit closed the day trading at 3625 / 3635 levels compared to the opening of 3630 / 3640. Money markets were liquid today following the redemption of the May 2025 treasury bond and coupon payments, with overnight and one-week trades averaging at 8.41% and 10.68%, respectively according to Absa.
Damali Ssali appointed GAIN Uganda country director

1 month ago | newvision.co.ug | Ali Twaha

KAMPALA - Damali Ssali has been appointed country director for the Global Alliance for Improved Nutrition (GAIN) in Uganda. GAIN is a Swiss foundation launched at the United Nations in 2002 to tackle malnutrition. It works with governments, businesses and civil society to improve food systems. Ssali has over 18 years of executive experience spanning financial services, trade, private sector development and innovation across Africa.