The Uganda shilling was on a losing streak for most of the trading sessions during the week ending 29th March 2018. This was due to an upsurge in demand from the interbank and major corporates buying dollars to meet their end month requirements ahead of the long Easter weekend. On
Read More
The Uganda shilling inched down undermined by dollar demand from energy and manufacturing sectors. The currency weakened to trade in the range of 3658/3665 at the end of week compared to 3638/3648 at opening. Bank of Uganda (BoU) was in the market mopping excess liquidity. In the interbank money market, overnight
Read More
The Uganda Shilling weakened in early part of week as corporate demand picked up, but later the unit gained strength towards close of the week 16th March 2018 supported by strong dollar inflows from commodities exporters. The closing range was 3655/3665 compared to the opening of 3660/3670. In the interbank
Read More
Uganda’s top companies are being dominated by men, leaving many women playing peripheral roles. Keith Kalyegira, the Chief Executive Officer at Capital Markets Authority says that the number of women in the boards of the listed companies is disproportionately lower than that of men “Uganda clays has 3 women
Read More
The Uganda shilling weakened on the back of significant demand for dollars from commercial banks squaring their positions, and elevated import demand during the week ending 9th March 2018. Trading was in the range 3652/3662, ten shillings above last week's closing range. In the interbank money market, overnight funds traded
Read More
The Uganda shilling held its ground and remained stable as end month flows provided support amid subdued demand during the week ending 2nd of March 2018. Trading was in the range of 3640/50. In the interbank money market overnight and one week held at previous week's rates of 7% and
Read More
The Uganda shilling weakened as the week came to an end, shedding off most of its gains, undermined by corporate and interbank demand during the week ending 23rd February 2018. Trading was in the range of 3650/3660. In the money markets, overnight funds traded at 8% while one week traded
Read More
By Aloysious Kasoma Ugandan businessmen and women have been told to explore alternative sources of funding beyond that is provided by banks. Speaking during a press briefing held Thursday at Hotel Africana to announce the forthcoming Annual Directors and Company Secretaries Conference, Keith Kalyegira, the CEO at the Capital Markets
Read More
The Uganda shilling was relatively stable, trading in a narrow range as mid month corporate tax payments kept market activity at a low ebb during the week ending 16th February 2018. Trading was in the range 3620/3630. In the interbank money market, overnight funds were priced at 8.50% while one
Read More
Britain’s export finance agency will add the naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian businesses denominated in the local currency. The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding
Read More
