Currencies

Jay Sakaria (R), the Business Development Manager at Goldstar Insurance and Moinuddin Mohammed, the  Sales Manager at Hisense Uganda launching the Electronics Appliances cover  Goldstar Insurance in partnership  Goldstar Insurance has launched a cover for Electronic Appliances in a move that will revolutionize the insurance industry. Speaking at the launch

The home unit opened 2021 in a downward spiral, undermined by a surge in demand from major market players taking positions ahead of the national elections. The shilling inched down to trade in the range of 3675/85 during the week ending January 8, 2021.In the regional markets, the Kenya shilling slightly

The local currency was flat at close of week having eked out some previous gains as market players retreated in preparation of mid month tax payments.  Trading remained in a narrow band of 3675/3685. In the fixed income market, it was a silent week in the absence of a primary

The local currency traded with a mild bullish bias, gaining slightly on heightened interbank and corporate activity that saw the unit trading within a narrow range of 3690/3700 during the week ending December 4, 2020.In other domestic economic news, CPI data showed a slight drop in consumer inflation in November

The Uganda shilling clawed back some ground in thin trade with the money markets awash with liquidity. The home unit held steady in the range of 3680/3700. In the fixed income space, yields for a 3 year and 15 year printed at 15.50% and 15:30%, indicating an inverted yield curve.

The local currency weakened, pausing an advance in the previous sessions that saw the currency on the gaining side. Markets players were seen earlier in the week reposition. The unit traded in the range of 3700/3710 during the week ending November 20, 2020.In the fixed income segment of the market,

The Uganda Shilling steadied following a weakening streak that saw the unit test record levels. The shilling firmed, reflecting subdued demand that prevailed for most of the trading week.  Sentiment toward the local currency was largely driven by a mix domestic factors on one part and external events, in particular

The home unit was kept on the edge, mildly dropping, knocked by sustained demand against lacklustre flows. Out turn was also in line with market expectation that the shilling would remain bearish based on the global perspective that as the US went into elections, the uncertainty around the election results

The Uganda shilling was on the back foot as demand mostly from merchandise importers surged midweek and drove the local unit to test record lows of 3730/50 during the week ending October 30, 2020. In the fixed income market segment, yields on government bonds edged higher on both 2 year