By Godfrey Kenneth Gobba For most of us, the safety of our money is paramount. Thus efforts to secure our money should be focused on achieving both the safety of our principal and the safety of our purchasing power. However, majority of us tend to focus primarily on the safety of our
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The Uganda shilling held its ground in a flat market as demand remained weak for the week ending 25th August 2017. Trading was in the range of 3595/3605. In the interbank money market, the Shilling rates were equally stable trading at 7% for overnight and 10 % for 1 week money. In
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By Godfrey Kenneth Gobba The concept of using a financial asset as an investment solution usually makes more sense to high income earners than to low and middle income earners. For ordinary people that are struggling to make a living, financial assets tend to make more sense only if they can comfortably
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The Uganda Shilling was broadly stable for the week ending 18th August 2017 supported by inflows from coffee exports and other commodities against very low demand. Trading was in the range of 3695/3605. In the interbank money market, overnight funds traded at 7% while 1 week money traded at 10%. In the
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The Uganda Shilling held firm against the US dollar supported by tepid demand from market players during the week ending 11th August 2017. Most traders remained short on dollars while keeping an eye on political developments in Kenya and also looking out for a signal from the policy meeting that was expected
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Bitcoin's value has jumped to a record high, following a month of turmoil. The virtual currency reached $3,451.86 (£2,651) per coin in Monday trade, according to the Coindesk Bitcoin Price Index. It had never crossed the $3,000 mark until the weekend. The market value of all bitcoins in existence has now surpassed
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By Godfrey Kenneth Gobba For someone to have a comfortable income during their long prestigious and flamboyant corporate working career and then end up a flat broke financial vegetable during their retirement is indeed a big shame. After years of wearing expensive suites, driving fuel guzzling SUV’s, the frequent travels abroad, the
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The Uganda Shilling weakened slightly on account of elevated demand from energy and manufacturing sectors but stabilized at close of the week ending 4th August 2017 as demand waned. Trading was in range of 3610/3620. In the fixed income market, BoU offered 170 billion in the Treasury bill auction. Yields slightly
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The Uganda Shilling held firm against the US dollar in the week ending 28th July 2017 supported by the Central Bank mopping of excess liquidity. Demand remained low. Trading was in the range of 3690/3600. In the fixed income market, there was no primary auction for government securities. “Shilling forecast point to
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By Godfrey Kenneth Gobba The concept of investing our money in financial assets like Stocks, Treasury Bills and Government Bonds is still very foreign to many of us and remains subject to public skepticism. Historically, the only assets we knew were land and houses, but here are three reasons why I believe
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