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Uganda Shilling recovers losses against greenback
The Uganda shilling recouped some of its losses against the greenback yesterday backed by end month flows from merchant exporters. Commercial banks quoted the local unit at the 3660/3680 bracket stronger than previous close. Ahead of the weekend, we expect a range bound session within the 3660/3700 band amid high levels of liquidity in the […]
Diminished Foreign Currency Demand improves Uganda Shilling trading
The Uganda Shilling traded flat against the U.S. dollar on Tuesday amid a mixture of diminished foreign currency demand and an overall market lethargy. A lull in activity across the demand and supply counters left the home unit stuck within the 3745/3765 handle versus the buck. “We see a familiar narrative with a bullish tinge […]
Standard Chartered appoints new Head of Corporate Finance for Africa and the Middle East
Along with his new responsibilities as Head of Corporate Finance, AME, Abbas’ will also expand his role as Head of Project & Export Finance DUBAI, United Arab Emirates, June 2, 2020/ — Standard Chartered (www.SC.com) has announced that Abbas Husain has been appointed Regional Head of Corporate Finance, Africa and the Middle East (AME). Bringing […]