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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The Uganda Shilling was relatively stable bolstered by end month conversions amid low market demand the week ending 1st December 2017. Trading was in the range of 3620/3630. In the interbank, liquidity remained high with overnight rate dropping to 7.5% while one week traded at 9.5%. In other economic news, Inflation continued
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During the week ending 24th November 2017, the Uganda Shilling maintained a strong foothold despite pockets of demand that emerged from corporates and interbank towards the close of the week. In the early part of the week there were improved inflows in the market mainly from exports and NGO's that
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The Uganda Shilling held firm amid subdued demand as most corporates stayed out of the market on account of mid month tax payments during the week ending 17th November 2017. Trading was in the range of 3630/3640. In the interbank money market, there was plenty of liquidity. Bank of Uganda held
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The Uganda Shilling strengthened and registered substantial gains in the week ending 10th November 2017 in what was seen as market correction after overshooting through key support levels due to sentiment related to political uncertainty in the region. Trading was in the range of 3610/3620. In the money markets, there
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The Uganda shilling was volatile in the early part of the week ending 3rd November 2017, but later stabilized as corporate and interbank demand fizzled out. Trading was in the range of 3650/3660. A week earlier, the Uganda shilling drifted in narrow range after hitting a near two year low as
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The Uganda shilling drifted in narrow range after hitting a near two year low as a result of the Central Bank intervention that was triggered by demand pressures during the week ending 27th October 2017. Trading was in the range of 3655/3665 during. Market players remained square to long, taking a
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After months of stability, the Uganda Shilling continues to lose ground. During the week ending 20th October 2017, trading was in the range of 3645/3655. In the early part of the week, the Shilling was under immense pressure on account of strong demand from the interbank ,as commercial banks rushed
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Nairobi Securities Exchange (NSE) investors yesterday lost KSh11.44 billion (over UShs388bn) as the cloud of political uncertainty that has persisted since the September 1 nullification of the presidential election intensified with news that electoral agency commissioner Roselyn Akombe had resigned and fled the country, reports the Daily Nation. Dr Akombe’s decision
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