Finance

15th May – 22nd May 2020: Weekly financial markets review and outlook with Stephen Kaboyo Ugandan Shilling remains steady amidst declining imports demand- expected to remain firm in the coming days as Covid-19 related lockdown keeps forex demand in check.

by Stephen Kaboyo
Stephen Kaboyo, Founder and Managing Director Alpha Capital Partners
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The Uganda Shilling remained stable for most of the trading session, opening the week in the range of 3788/98 and closing at 3785/95 on the back of hard currency flows from the treasury auction and commodity exports amid depressed importer demand for forex.In the fixed income segment, the market continued its appeal, attracting huge uptake from an investor base that was largely domestic and some t

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About the Author

Stephen Kaboyo is the Founder and Managing Director of Alpha Capital Partners, an indigenous Ugandan firm focusing on sovereign asset management, foreign exchange trading strategies and financial markets advisory.