interbank and corporate sector demand for foreign currency weakens shilling
Markets

interbank and corporate sector demand for foreign currency weakens shilling

Interbank and corporate sector demand for foreign currency weakens shilling: The Uganda shilling traded lower against the U.S. dollar on Thursday amid an uptick in foreign currency demand from interbank players and the corporate sector. Commercial banks quoted the USD/UGX pair at 3700/3720 higher than Wednesday’s close of 3685/3705. Prior to the weekend, a weaker […]

Industry Markets

StanChart voted Best Performing Bank in selling Government Securities

BY PAUL TENTENA KAMPALA, UGANDA- The Governor Bank of Uganda, Emmanuel Tumusiime Mutebile has recognized Standard Chartered (StanChart) Bank Uganda as the Best Performing Commercial Bank in selling Government Securities for the month of May 2018. The award was handed out after the Governor’s monthly meeting with the Uganda Bankers’ Association (UBA) – an umbrella […]

Burundi signs African Continental Free Trade Area Agreement
EAC Industry Markets Resources

Burundi signs African Continental Free Trade Area Agreement

Burundi signs African Continental Free Trade Area Agreement Burundi was among the latest African countries that signed the African Continental Free Trade Area> Agreement on Sunday July 1. Although full implementation of the AfCFTA will still take years, Burundi’s signing of the agreement is a significant step. Sierra Leone, Lesotho, South Africa and Namibia also […]