The Uganda shilling started off to a flat start amid thin demand and as markets opened for the year. Remittances flow remained the main source of supply. Trading was in the range of 3660/3670 in the week ending January 3rd 2020. In the fixed income market, a Treasury bill auction
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Equity Group Holdings (EGH)’s plans to acquire banking assets of Atlas Mara in four African hangs in balance after binding transaction agreements between the two parties expired. On 29 April 2019, EGH announced that it had entered into a binding term sheet (the Binding Term Sheet) pursuant to which EGH
Read MoreDfcu’s Founder Shareholder CDC Officially Sells Its Shares To Danish Gov’t
dfcu Limited (‘dfcu”) has informed its shareholders and the public that CDC Group PLC, a Development Finance Institution owned by the British Government, headquartered in London has sold all the 74,580,276 shares it held in dfcu to the Investment Fund for Developing Countries (“IFU”), a Development Finance Institution owned by
Read MoreDfcu limited has revealed that one of its significant minority shareholders will exit the company. In a customary statement dated 13th December 2019, dfcu informs shareholders and the general public thus: “dfcu Limited (“the Company”) advises its shareholders and the general public that a significant minority shareholder has received and
Read MoreHARD TIMES! Cipla Quality Chemical Industries Warns Shareholders To Expect Losses
Cipla Quality Chemical Industries Limited (CiplaQCIL), a pharmaceutical manufacturing company in Uganda has issued a profit warning informing shareholders that the company is likely to record losses this year. A profit warning is a warning declaration issued by a listed company to investors through a stock exchange. It warns investors that
Read MoreZimbabwe To Begin Circulating New Currency As Economic Crisis Deepens
Zimbabwe's central bank is due to begin circulating new banknotes on Monday, which it says will help to ease a severe cash shortage as the country suffers a deepening economic crisis. The bank has played down fears that the move will fuel inflation, insisting that the new two- and five-
Read MoreThe Uganda shilling appreciated mildly in the last trading session of the week ending 8th November 2019 with improved forex supply as market demand became less intense. Trading was in the range of 3695/3705. In the interbank shilling market, overnight funds traded at an average of 6% while one week
Read MoreThe Uganda shilling hit a bit of volatility, trading sideways as pockets of demand emerged amid low fx supply in the week ending 1st November 2019. The unit traded above the support level of 3700 for most sessions of the week. In the interbank money market, there was sufficient liquidity
Read MoreThe shilling traded in a stable range in the week ending October 18, 2019 as mid month corporate taxes limited the demand for dollars in a tight market. Trading was in the range of 3673/3685. In the local shilling market, overnight funds quoted at 6% while one week funds traded
Read MoreThe Uganda shilling ceded some ground mid week following a surge in demand from the interbank and corporate players during the week ending 11th October 2019. At closing session trading was in the range of 3688/3698 compared to the week’s opening of 3670/3680. In the interbank money market overnight funds
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