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
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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
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110 foreign exchanges and money transfer bureaux in Tanzania were shut down last month after failing to observe new regulatory guidelines. The Bank of Tanzania (BoT) made regulation changes due to money laundering activities and the need to protect the Tanzanian Shilling. In a press briefing, Eliamringi Mandari, manager Directorate
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The Uganda Shilling was stable backed up by improved forex inflows in a market characterized by very low corporate demand. Trading was in the range of 3637/3647. In the Interbank money market, overnight funds traded at 8% while one week money traded at 9:50%. In the fixed income market, trading was
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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%
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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
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The 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.
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A 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
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The 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
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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
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