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Euro falls on weak PMI data; U.S. dollar steady.
The local unit began the week as it had closed the previous one trading within confined ranges against the U.S. dollar. In a rather quiet day, the local unit held steady versus the greenback on the back of matching flows on both the demand and supply counters, living the USDUGX currency pair unchanged for a […]
Uganda Shilling trades flat at weekend close
The Uganda Shilling traded flat against the U.S. dollar in yesterday’s session bolstered by ebbing greenback demand from the interbank players. The excess liquidity mop up by the regulator also helped in upholding the home unit to close at the 3810/3830 ranges same as previous. Prior to the weekend, market chatters allude to a range […]
How Africa Can Self-Finance its Economic Recovery
Alain Ebobissé, CASABLANCA – For Africa, the COVID-19 pandemic will likely mean negative GDP growth at unprecedented rates. In addition, several African countries are dealing with the aftermath of a commodity price collapse – another key contributor to current recessionary trends. The continent must now navigate economic recovery while building resilience to future shocks. From strengthening the healthcare […]