Kenya’s planned agricultural produce exchange is scheduled to go live in February next year, the Trade and Investment Ministry said in a disclosure. The ministry said the Kenya National Multi Commodities Exchange (Komex) is scheduled to commence mock trading on January 29, 2024 and go live on February 26, 2024.
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It’s been a tumultuous four years for U.S. commodity industries that found themselves a key focus of the White House through its aggressive trade policy agenda. From steel and aluminum tariffs to grain subsidies to boosting exports of liquefied natural gas, very few corners of the global commodities market eluded
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The Uganda Shilling remained stable for most of the trading session, opening the week in the range of 3788/98 and closing at 3785/95 during the week ending May22, 2020. The local currency was supported by hard currency flows from the treasury auction and commodity exports amid depressed importer demand for
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The Uganda Shilling gained significant ground on account of offshore inflows coupled with interbank unwinding long dollar positions during the week ending 5th October 2018. The latest shilling rally came amidst Central Bank monetary policy tightening on worries over growing inflationary pressures. Trading was in the range 0f 3770/3780. In
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The Uganda shilling inched down undercut by a pickup in demand from local and offshore players during the week ending August 17, 2018. The volatile urgency touched fresh lows to trade at 3765/3775. In the interbank money markets overnight and one week funds held at the previous week's level of
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The Uganda shilling held its ground and remained stable as end month flows provided support amid subdued demand during the week ending 2nd of March 2018. Trading was in the range of 3640/50. In the interbank money market overnight and one week held at previous week's rates of 7% and
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The Uganda Shilling carried losses early in the week as demand soured breaching a technical level during the week ending 12th January 2018. Trading was in the range of 3660/3670. The sustained weakening triggered the Central Bank intervention on the sell side, an action that calmed the markets and restored stability.
Read MoreIran's leading automobile manufacturer Saipa Group is eyeing the Ugandan market as an entry point into a much bigger eastern, central and southern African market. Speaking at the Uganda-Iran Economic Forum in Kampala, Saipa's Vice President for International Affairs and Export, Mohsen Dastkhosh Javan, said they are keen on entering
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Apple has revealed a high-end smartphone with an "edge-to-edge" screen that has no physical home button. The iPhone X - which is referred to as "ten" - uses a facial recognition system to recognise its owner rather than a fingerprint-based one. Apple said FaceID can work in the dark by
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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
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