Markets


Uganda Shilling stable on low greenback demand

Uganda Shilling stable on low greenback demand

The Uganda Shilling closed the week on a firm footing against the U.S dollar, detained at the 3810/3830 levels amidst a slowdown in greenback demand from both importers and commercial
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Uganda Shilling fragile despite few hours of greenback resistance

Uganda Shilling fragile despite few hours of greenback resistance

The Uganda shilling remained frail on Tuesday, a day that saw sustained market activity on the foreign currency demand counter. After holding out for most of the day against the greenback,
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Shilling continues to frail despite Bank of Uganda’s excess liquidity mop up

Shilling continues to frail despite Bank of Uganda’s excess liquidity mop up

The Uganda Shilling traded lower at the 3795/3805 levels against the U.S dollar on Tuesday as increased bustle on the greenback demand counters dominated mostly muted supply activity. The central bank
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Uptick in activity in local FX market saw home unit trade weaker against the dollar

Uptick in activity in local FX market saw home unit trade weaker against the dollar

Uptick in activity in local FX market saw home unit trade weaker against the dollar later in the day. Commercial banks quoted the USD/UGX pair at the 3738/3758 levels, a
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EAST AFRICAN BUSINESS WEEK


Cipla Quality Chemical Industries Ltd (CiplaQCIL) has extended by two business days, the Retail Offer period published in the Prospectus relating to the Initial Public Offering. Cipla Quality Chemical Industries extends IPO by two business days August 24, 2018 11:37 am - Cipla Quality Chemical Industries Ltd (CiplaQCIL) has extended by two business days, the Retail Offer period published in the Prospectus […]
Receding demand for USD by merchant importers gives gain to shilling Receding demand for USD by merchant importers gives gain to shilling August 17, 2018 2:33 pm - Receding demand for USD by merchant importers gives gain to shilling: The Uganda shilling was a tad stronger on Thursday […]
Renewed greenback demand from manufacturing and energy sectors exert pressure on Uganda Shilling Renewed greenback demand from manufacturing and energy sectors exert pressure on Uganda Shilling August 14, 2018 1:30 pm - The Uganda shilling slumped further against the U.S dollar on Monday, closing the session at 3745/3765 weaker than Friday’s close […]