August 26 – September 2, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

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The Uganda shilling held steady, trading within range amid low dollar appetite across all sectors. Supply was beefed up by end month conversions. The unit was quoted at 3800/10. The Kenya shilling was equally stable trading at 119.90/120, but was expected to ease on increased dollar demand from oil companies. In the fixed income market, yields remained relatively flat at 9.000%, 11.499% and 14.