Almost a year after the formal launch of the African Continental Free Trade Area (AfCFTA), the plan is inching toward the 22-country threshold needed for implementation. The African Union envisioned the free trade zone spanning the entire continent — with a combined gross domestic product of at least $2.3 trillion — as
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The Uganda shilling was on the back foot, weakening as demand rebounded mainly from market players building positions in anticipation of dividend payments during the week ending March1, 2019. Trading was in the range of 3665/3675. In interbank money market, overnight funds traded at 7% while on week funds traded
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The Uganda shilling held steady as demand remained at a low ebb against sizable flows targeting the bond market during the week ending February 22, 2019. Trading was in the range 3665/3675. In the Interbank money market, overnight funds traded at 7% while one week traded at 10%. In the
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The Uganda shilling remained broadly stable as market players focused on settling mid month tax obligation during the week ending 15th February 2019. Demand was dull with trading confined in the range of 3665/3675, hardly unchanged from the opening session of the week. In the interbank money market, overnight funds
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The Uganda Shilling was on the front foot buoyed by subdued demand against fairly large flows from commodity exporters, trading in the range of 3665/3675 during the week ending 8th February 2019. This is about 10/= shillings stronger compared with opening session at the start of the trading week. In
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The Uganda shilling strengthened as demand remained dull with very weak appetite for dollars during the week ending 25th January 2019. On the supply side, dollar inflows improved, following renewed interest by offshore investors in the bond market. Trading was in the range of 3685/3695. In the Interbank money market,
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The Uganda shilling opened strong but ceded ground towards end of the trading week on account of reduced inflows and a rebound in demand from the energy and manufacturing sectors during the week ending 18th January 2019. Trading was in the range of 3685-3705. In the interbank money market, overnight
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By Reuters The Ugandan, Kenyan and Tanzanian currencies are likely to weaken in the coming week, while Zambia’s currency is expected to remain firm. UGANDA The Ugandan shilling is seen trading with a weakening tone in coming days on the back of demand from typical hard currency buyers in sectors
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The Uganda shilling was marginally stronger on account of interbank selloff as commercial banks squared positions ahead of the end of year holidays during the week ending 21st December 2018. Trading was in the range of 3688/98. In the fixed income market, a 195billion auction was held; the effective yields
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Some 13 largely family-owned firms are seeking to sell shares to the public, the Nairobi Securities Exchange (NSE) said on Monday, offering hope of ending a prolonged listing drought, the Daily Nation reports. The small- and medium-sized firms will be taken through a 10-month programme, which will see them access
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