A number of Ugandans don’t know that one can accumulate wealth through investing in various asset classes regulated by the Capital Markets Authority. In fact, low and middle income earners as well as Small and Medium Enterprises (SMEs) wrongly believe that Capital Markets are designed for wealthy individuals and giant
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Old Mutual Ltd. shareholders are split on whether the South African insurer should pony up and settle with Chief Executive Officer Peter Moyo (pictured) or run the risk of a 250 million rand ($16.5 million) damages claim. All Weather Capital (Pty) Ltd. is up for a settlement if it will
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The Uganda shilling held its ground against the dollar during the week ending 4th October 2019, trading slightly stronger compared to the previous week. The unit was supported mainly by commodity in flows amid sagging demand from the major market players. Trading was in the range of 3675/3685. In the
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The Uganda shilling was stable in the first half of the trading week ending 27th September 2019, maintaining a narrow range supported by inflows mainly from nongovernmental organizations end of month conversions, but mildly weakened in closing session as some demand mainly from the manufacturing sector emerged. Trading was in
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The Uganda shilling held steady, deriving support from substantial inflows mainly from commodity exporters during the week ending 20th September 2019. Trading was in the range of 3665/3675. In the interbank shilling markets, both overnight and one week rates held at the previous week’s level of 7% and 10% respectively.
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The Uganda shilling strengthened, establishing a new support level of 3650 during the week ending 13th September 2019. Market activity was underpinned by low appetite for Forex from commercial banks and importers. The unit was also supported by inflows from offshore investors participation in the treasury bill auction. Trading was
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The Uganda shilling held its ground on account of sagging demand as interbank market players unwound positions. Trading was in the range of 3675/3685. In the shilling interbank market, overnight funds quoted at 7% while one week funds traded at the previous level of 10%. In the fixed income market,
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The Uganda shilling was relatively stable all week trading within a range of 3683/3693 supported by end month flows from commodity exporters and charities. In the local shilling market, overnight funds were quoted at 7% and one week held at previous week’s average of 10%. In the fixed income market,
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The Uganda shilling mildly strengthened on the back of improved inflows mainly from the commodity exporters during the week ending 23rd August 2019. Trading was in the range of 3685/3695, a touch stronger compared to opening levels of 3690/3670. In the interbank money market overnight funds traded at 7% while
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The Uganda shilling held steady against the dollar amid muted demand and it further consolidated its position following the Central Bank neutral monetary policy stance during the week ending 16th August 2019. Trading was in the range of 3685/3695. In the Interbank money market, overnight funds quoted at 7% while
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