The Uganda Shilling maintained a stable stance, supported by end month inflows mainly from NGO's and commodities amid very low demand levels in the market during the trading week ending 31st August 2017. Trading was in the range of 3585/3595. Similarly, in the interbank money market, rates remained stable with
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Kenya’s shilling weakened 0.44 percent against the dollar on Friday after the country’s Supreme Court declared President Uhuru Kenyatta’s election win invalid due to irregularities committed by the electoral board. At 0918 GMT, less than an hour after the court’s ruling, commercial banks quoted the shilling at 103.20/40 per dollar,
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By Godfrey Kenneth Gobba If you have failed miserably at something every time you’ve tried it, then perhaps you ought to try trading forex. The business of forex trading is one of those rare endeavors where doing less is ironically one of the main keys to success. Here are what
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By Godfrey Kenneth Gobba For most of us, the safety of our money is paramount. Thus efforts to secure our money should be focused on achieving both the safety of our principal and the safety of our purchasing power. However, majority of us tend to focus primarily on the safety
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The Uganda shilling held its ground in a flat market as demand remained weak for the week ending 25th August 2017. Trading was in the range of 3595/3605. In the interbank money market, the Shilling rates were equally stable trading at 7% for overnight and 10 % for 1 week
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By Godfrey Kenneth Gobba The concept of using a financial asset as an investment solution usually makes more sense to high income earners than to low and middle income earners. For ordinary people that are struggling to make a living, financial assets tend to make more sense only if they
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The Uganda Shilling was broadly stable for the week ending 18th August 2017 supported by inflows from coffee exports and other commodities against very low demand. Trading was in the range of 3695/3605. In the interbank money market, overnight funds traded at 7% while 1 week money traded at 10%.
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The Uganda Shilling held firm against the US dollar supported by tepid demand from market players during the week ending 11th August 2017. Most traders remained short on dollars while keeping an eye on political developments in Kenya and also looking out for a signal from the policy meeting that was
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Bitcoin's value has jumped to a record high, following a month of turmoil. The virtual currency reached $3,451.86 (£2,651) per coin in Monday trade, according to the Coindesk Bitcoin Price Index. It had never crossed the $3,000 mark until the weekend. The market value of all bitcoins in existence has
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By Godfrey Kenneth Gobba For someone to have a comfortable income during their long prestigious and flamboyant corporate working career and then end up a flat broke financial vegetable during their retirement is indeed a big shame. After years of wearing expensive suites, driving fuel guzzling SUV’s, the frequent travels
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