Some of the shine seems to be coming off the Nigeria-based e-commerce firm Jumia. The New York Stock Exchange (NYSE) started selling shares in the company to great fanfare last month. On Thursday, their price plunged 18%. This was after an investor report, by Citron Research, questioned whether the company
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The Uganda shilling ended the week ending 3rd May 2019 on a weaker tone on elevated demand mainly from the interbank as the effects of end month conversions that had improved supply conditions in the market were wearing off. Trading was in the range of 3753/63 at close of the
Read MoreAt the close of the trading week ending 26th April 2019, the shilling showed signs of weakness, undercut by an upsurge in demand from the interbank and corporate sector. Trading was in the range of 3740/50 compared to the opening levels of 3725/35. In the interbank money market, overnight funds
Read MoreThe Uganda shilling traded stable supported by portfolio and commodity flows as demand remained muted in a short trading week ahead of a long Easter weekend. Trading was in the range of 3730/3740. In the money market, the average interbank lending rates held at 7% and 10% for overnight and
Read MoreGovernment of Uganda borrows funds from the public. Bank of Uganda (BoU) is an Agent of Government to collect money (since 1969). The public/lenders place funds with government through their Central Securities Depository (CSD) accounts opened at BOU. The following are the instruments auctioned and used for fiscal purposes (prior
Read MoreThe Uganda shilling weakened mid-week undercut by strong demand mainly from the interbank players building positions in anticipation of corporate activity on account of dividend payments during the week ending 12th April 2019. At the close of the week, the shilling however stabilized as some market players squared and there
Read MoreAfrican Alliance Uganda Ltd has exited Uganda’s stock market after 15 years of offering brokerage services. The company is licensed by Capital Markets Authority (CMA) as a Stock Broker and Investment Advisor. However, at the end of this month, the company will cease to operate its stock brokerage business arm
Read MoreThe Uganda shilling traded close to a one week low on account of a slight upward trend in market activity during the week ending 5th April 2019. Demand was mainly from corporates and interbank players. At close of the trading week, trading was in the range 0f 3730/3750 compared to
Read MoreThe Uganda shilling opened the trading week ending 22nd March 2019 holding steady with demand and supply evenly matched but came under slight pressure mid- week as import demand rebounded. Trading was in the range of 3700/3701. In the interbank money market, overnight funds traded at 7% while one week
Read MoreThe Uganda shilling lost ground earlier in the week on account of elevated demand from energy firms, manufacturing and importers. However, mid-week the unit stabilized on receding demand and traded in the range of 3700/3710 during the week ending 15th March 2019. In interbank money markets, overnight funds traded at
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