East Africa is the fastest-growing economic region on the continent. In 2022, Uganda, Kenya and Tanzania attracted over USD13.3 billion worth of foreign direct investment (FDI). This is according to…
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The Ugandan Shilling was relatively stable with flows from commodity Exeter’s and offshore investors lending support. The unit held in a narrow range of 2715/25.In the neighbouring Kenya market, the…
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On the 16th of November 2022, the Financial Institutions (Revision of Minimum Capital Requirements) Instrument 2022 was signed into law by Uganda’s Minister of Finance, Planning and Economic Development (MFPED),…
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The Uganda shilling continued on its strengthening trend joining a global rally amid weakness of the dollar. In the local market there was a general slump in demand while supply…
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The shilling traded flat on the back of thin import appetite underpinned by low business activity. Supply was boosted by cyclical remittances. The unit held at 3740/50.In the neighboring Kenya,…
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The Uganda shilling continued to beat expectations and maintained a bullish stance supported by remittances and charities. The unit threatened to break lower the support level of 3750.In the fixed…
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The Uganda shilling reversed course and slightly strengthened as end month flows gave support amid subdued demand. The unit traded below the 3800 level for the first time in months….
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The Uganda shilling firmed in thin trade. Activity was low on both counters. The unit was quoted at 3825/35 in most of the trading sessions of the week.In other peer…
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The Uganda shilling surrendered its previous gains on revived demand by local firms for imports amid the dollar supply dearth. The unit traded at 3830/40.In other peer markets most of…
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The Uganda shilling marginally gained as it searched for a meaningful direction on either side of 3800 mark. The unit joined a global risk rally amid weakness in the US…
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