The Uganda shilling slipped against the US dollar during the week ending 25th May 2018 undermined by a surge in demand mainly from fuel importers , some corporate players as well as interbank. Trading was in the range of 3735/3745. In the interbank money market rates held steady with overnight
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The Bank of Uganda (BoU) on Monday announced that the method of pricing treasury bills and bonds in the primary auctions will change to one of a single price from the current multiple prices with effect from July 2, 2018. In the single price method, the respective securities in the
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The Uganda shilling was firm against the dollar amid low market demand for forex during week ending 11th May 2018. Trading was in the range of 3710/3720. In the money markets overnight and one week rates held at the previous week's level of 5% and 9% respectively. In the fixed
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Business people are set to benefit from the inaugural Mkutano investment conference as discussion will focus on how to sustain economic development using the capital markets. David Ofungi, Founder and CEO of DERO, the curators of Economic Mkutano conference due to take place on Tuesday 15, May 2018 in Kampala
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The Uganda shilling held steady in a short trading week ending 6th April 2018 as demand remained muted against adequate inflows . Trading was in the range 3710/3720. In the money markets, overnight funds traded at 5% while one week held at the previous week’s rate of 9%. In the
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The Uganda shilling was on the back foot against the dollar, trading above the 3700 key level on both buy and sell side, pressured by low fx supply amidst an uptick in demand mainly from commercial banks, manufacturing and energy sectors. During the week ending April 27, 2018, trading was
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Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday. The stronger-than-expected recovery in remittances — payments that are key to supporting the economies of many poor countries — was driven
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The Uganda shilling dipped following an uptick up in corporate and interbank demand during week ending 20th April 2018. Trading was in the range of 3695/3615. In the interbank money market, rates held at previous week's level to trade at 5% for overnight funds and 9% for one week. In
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The Uganda was stable as the downtrend paused and the currency held at the key support level 3700 during the week ending 13th April 2018. Stability was expected to be short-lived as there was momentum gathering for another spike on back of import demand and higher levels of liquidity in the money
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Stanbic Bank Uganda Ltd has been awarded the best performing bank in Uganda government securities for the Year 2017. And this makes Stanbic bank the winner for the sixth consecutive year. Speaking at the Annual Award Event for the Best Performing Commercial Bank of the Year in Government Securities held
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