The Uganda Shilling held firm against the US dollar supported by tepid demand from market players during the week ending 11th August 2017. Most traders remained short on dollars while keeping an eye on political developments in Kenya and also looking out for a signal from the policy meeting that was
Read More
The Uganda Shilling weakened slightly on account of elevated demand from energy and manufacturing sectors but stabilized at close of the week ending 4th August 2017 as demand waned. Trading was in range of 3610/3620. In the fixed income market, BoU offered 170 billion in the Treasury bill auction. Yields
Read More
The Uganda Shilling held firm against the US dollar in the week ending 28th July 2017 supported by the Central Bank mopping of excess liquidity. Demand remained low. Trading was in the range of 3690/3600. In the fixed income market, there was no primary auction for government securities. “Shilling forecast
Read More
The Uganda shilling held firm against the US dollar on the back of subdued market activity as most players stayed out of market due to mid month tax payments. Trading was in the range of 3580/3590 during the week ending 16th June 2017 In the fixed income market there was
Read More
The government of Uganda has disclosed why the Uganda Shilling will weaken further in the medium term. This is contained in the background to the budget for Financial Year 2017/18. “Over the medium term, the Shilling is expected to continue weakening on account of global financial conditions, weak current account
Read More
The Bank of Uganda (BoU), the regulator of Uganda’s financial sector has spoken out for the first time on the ongoing public debate about the recent burial of socialite Ivan Ssemwanga where lots of money (Uganda Shilling notes) where thrown into his grave. The public has come out to demand
Read More
The Uganda shilling shed its gains against the US dollar as demand picked up mainly from commercial banks building positions and a bit of import demand during the week ending 12th May 2017. Bank of Uganda (BoU) was in the market propping up the currency through repo operations. Trading was
Read More
The Uganda shilling kept a firm stance in a short trading week following Easter holidays, in a market characterized with low demand as most market players stayed out. During the week ending 21st April 2017, trading was in the range of 3610/3620. In fixed income market, Bank of Uganda (BoU)
Read More
The Uganda Shilling held firm in a short trading week with markets expecting a knee jerk reaction following Bank of Uganda (BoU)'s rate cut that was likely to stimulate demand for forex. On Wednesday, BoU cut its benchmark rate by from 11.5% to 11%, citing dismal growth in the first
Read More
Ugandan moneybag, Sudhir Ruparelia's Crane Forex Bureau has been struck off the list of registered forex bureaus in the country in what appears to be another blow to the embattled tycoon. This action was taken by the country's Central Bank on Wednesday by an the Governor, Emmanuel Tumusiime Mutebile. Three
Read More
