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Currency Trends: Uganda Shilling Remains Stable As Dollar Demand Slows Down

BusinessFocus Reporter February 21, 2017February 24, 20170

The Uganda shilling remained stable amidst muted demand as most corporates stayed out of the market focusing on mid-month tax obligations during the week ending 17th February 2017. Trading was in the range of 3580/3590. In the Treasury bill auction, yields slightly dropped to trade at 12.546%, 12.910% and 13.850%

Banking

Uganda Central Bank Blames Gov’t on Rising Non-Performing Loans

Taddewo William Senyonyi February 16, 2017February 27, 20171

Uganda’s Central Bank, the Bank of Uganda (BoU) has said delayed payments by government to its suppliers have greatly contributed to the increasing Non-Performing Loans (NPLs) in the banking industry. This is contained in the Financial Stability Report (FSR) for the year to June 2016 released on January 02, 2017.