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Shilling depreciates against dollar on first day of trading week
The Uganda shilling depreciated on the first trading day of the week closing at the 3675/3695 levels lower than previous. Renewed dollar demand from interbank players and merchant importers exerted undue pressure on the local unit amid a dearth of much anticipated inflows from charity organisations. We expect a similar narrative today with a bias […]
89% Occupancy Rate-Real Estate Market Report
February 10, Kampala – A new real estate sector report compiled by Stanbic Properties Uganda Limited, a subsidiary of Stanbic Uganda Holdings Limited, as at the end of December last year, indicates that average occupancy from surveyed buildings was recorded at 89% for Grade A, 83% for Grade B and 74% for Grade C buildings. […]
Steady dollar inflows elevate local currency performance
Steady dollar inflows into the local market amid a decline in foreign currency demand elevated the shilling in yesterday’s trade. The local unit rose by 5 shillings against the greenback during the session, with the USDUGX currency pair closing the day within the 3690/3710 bracket. We expect the home currency to clamp onto further gains […]