Britain’s export finance agency will add the naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian businesses denominated in the local currency. The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding
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The Uganda Shilling was stable backed up by improved forex inflows in a market characterized by very low corporate demand. Trading was in the range of 3637/3647. In the Interbank money market, overnight funds traded at 8% while one week money traded at 9:50%. In the fixed income market, trading was
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The Uganda shilling was relatively stable on account of liquidity tightness and weak corporate demand during the week ending 2nd February 2018. Trading was in the range of 3620/3630. January inflation dipped to 3.0% from 3.3% at the same time Core, the closely watched indicator also dropped to 2.6% from 3.0%
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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.
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The Uganda Shilling started off the year on a weaker tone, undermined by strong demand from the energy and manufacturing sector. The shilling traded in the range of 3640/3650. In the fixed income market, Shs140 billion was on offer. Yields came out at 8.307%, 8.217% and 8.978% for 91, 182
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By Stephen Kaboyo 2017 has been patchy with respect to economic activity. There was a general slowdown in almost all sectors of the economy. A number of economic factors inhibited economic expansion for much of the year and these were; weak consumer demand, weak currency, inflationary pressures driven by high food prices
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Bitcoin resumed its slide Thursday, dipping below $14,000 as the cryptocurrency’s dizzying drop from a record set 10 days ago intensified. The latest blow to the world’s biggest cryptocurrency came from South Korea, where the government said it was eyeing options for stamping out a frenzy of speculation, including a potential
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The Uganda Shilling strengthened against the dollar on the back of strong inflows mainly from Diaspora and nongovernmental organizations during the week ending 22nd December 2017. Demand remained muted in a market slowdown ahead of the holidays. Trading was in the range of 3600/3610. In the money market overnight funds
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The Uganda Shilling remained stable but leaning towards a mild appreciation on the back of inflows from NGOs and Diaspora remittances amid sparse trading during the week ending 15th December 2017. Trading was in range of 3605/3615. This is ahead of Monday’s Monetary Policy meeting which is expected to continue the
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The Uganda shilling strengthened marginally, primarily supported by Central Bank mopping up of excess liquidity in the money markets amidst low demand for the greenback during the week ending 8th December 2017. Trading was in range of 3610/3620. In the coming week, Bank of Uganda will hold the final Monetary Policy
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