The Uganda shilling was relatively stable on account of liquidity tightness and weak corporate demand during the week ending 2nd February 2018. Trading was in the range of 3620/3630. January inflation dipped to 3.0% from 3.3% at the same time Core, the closely watched indicator also dropped to 2.6% from 3.0%
Read MoreMarkets
The name is enough to spread mayhem among South African traders. And all Viceroy Research is willing to disclose is that they’re three people working out of New York to protect investors. Stocks including Africa’s largest generics drugmaker and biggest real estate investment trusts were sent reeling this week on speculation
Read MoreThe Uganda Shilling carried losses early in the week as demand soured breaching a technical level during the week ending 12th January 2018. Trading was in the range of 3660/3670. The sustained weakening triggered the Central Bank intervention on the sell side, an action that calmed the markets and restored stability.
Read MoreA share surge at Country Garden Holdings Co., China’s largest developer by sales, has sent Vice Chairman Yang Huiyan’s wealth up by $2.1 billion (UShs6.7 trillion) -- and that’s just in the first four trading days of the year, Bloomberg reports. Yang, controlling shareholder of Country Garden, saw her fortune
Read MoreThe Uganda Shilling started off the year on a weaker tone, undermined by strong demand from the energy and manufacturing sector. The shilling traded in the range of 3640/3650. In the fixed income market, Shs140 billion was on offer. Yields came out at 8.307%, 8.217% and 8.978% for 91, 182
Read MoreUganda Shilling Was Vulnerable In 2017: How Will It Perform In 2018?
By Stephen Kaboyo 2017 has been patchy with respect to economic activity. There was a general slowdown in almost all sectors of the economy. A number of economic factors inhibited economic expansion for much of the year and these were; weak consumer demand, weak currency, inflationary pressures driven by high food prices
Read MoreBitcoin resumed its slide Thursday, dipping below $14,000 as the cryptocurrency’s dizzying drop from a record set 10 days ago intensified. The latest blow to the world’s biggest cryptocurrency came from South Korea, where the government said it was eyeing options for stamping out a frenzy of speculation, including a potential
Read MoreThe Uganda Shilling strengthened against the dollar on the back of strong inflows mainly from Diaspora and nongovernmental organizations during the week ending 22nd December 2017. Demand remained muted in a market slowdown ahead of the holidays. Trading was in the range of 3600/3610. In the money market overnight funds
Read MoreThe Uganda Shilling remained stable but leaning towards a mild appreciation on the back of inflows from NGOs and Diaspora remittances amid sparse trading during the week ending 15th December 2017. Trading was in range of 3605/3615. This is ahead of Monday’s Monetary Policy meeting which is expected to continue the
Read MoreThe Uganda shilling strengthened marginally, primarily supported by Central Bank mopping up of excess liquidity in the money markets amidst low demand for the greenback during the week ending 8th December 2017. Trading was in range of 3610/3620. In the coming week, Bank of Uganda will hold the final Monetary Policy
Read More