FinanceThe Big Story

MONEY MARKETS WITH STEPHEN KABOYO: UGX drops to weekly low after short-lived rebound

by Stephen Kaboyo
Board members of BOU are paid a monthly retainer of UGX 5 million

Following a short-lived rebound early in the week, the local currency fell to a weekly low, testing the resistance level of UGX3,800, undercut by a pickup in demand from market…

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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.

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