By Reuters The Ugandan, Kenyan and Tanzanian currencies are likely to weaken in the coming week, while Zambia’s currency is expected to remain firm. UGANDA The Ugandan shilling is seen trading with a weakening tone in coming days on the back of demand from typical hard currency buyers in sectors
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The Uganda shilling was marginally stronger on account of interbank selloff as commercial banks squared positions ahead of the end of year holidays during the week ending 21st December 2018. Trading was in the range of 3688/98. In the fixed income market, a 195billion auction was held; the effective yields
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The Uganda shilling held steady with a bias towards mild appreciation on matched demand and supply amid tight liquidity conditions during the week ending 14th December 2018. In the interbank shilling market overnight funds traded at 6% while one week funds traded at 9%. The shilling trading range was in
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The Central Bank of Kenya (CBK) has unveiled Kenya’s new generation coins that will start circulating this Tuesday, Kenyan media reports. The new currency, which was gazetted on Tuesday, contains features that make it accessible to visually impaired people. The new generation coins, whose unveiling was presided over by President
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The shilling held steady on the back of strong dollar inflows from charities and commodities exporters against very low demand pressures in the market during the week ending December 7, 2018. Trading was in the range of 3730/40. In other economic news, the Central Bank kept the policy rate unchanged
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The Uganda shilling firmed slightly on the back of forex inflows mainly from portfolio investors targeting the local debt market during the week ending 23rd November 2018. Demand was generally flat. Trading was in the range of 3712/22. In the fixed income market, a Treasury bill auction was held with
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The Uganda Shilling was up a shade in early part of the week on subdued appetite for forex from market players but towards close of the week, the unit marginally weakened undercut by a mild rebound in demand across all sectors during the week ending 16th November 2018. Trading was
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The Uganda shilling was relatively stable, trading within range as market demand was evenly matched by the inflows during the week ending 9th November 2018. Trading was in the range of 3747/57. In the interbank money market, overnight funds traded at 6.50% while one week traded at 10% In the
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The Uganda shilling stood tall supported by sizeable dollar inflows mainly from NGO’s and commodity exporters making the supply side stronger to match the pockets of demand from the manufacturing and telecom sectors during the week ending 2nd November 2018. Trading was in the range of 3735/3745. In the Interbank
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The Uganda shilling was relatively stable, holding ground amid a sell off by commercial banks against lukewarm demand from market players during the week ending 26th October 2018. Offshore inflows also rendered some support. Trading was in the range of 3755/3765. In the interbank money market, overnight funds traded at
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