Currencies

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

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

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

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

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

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