EABW Editor
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The U.S. dollar eased on Tuesday, but still remained near a 16-month high in anticipation of Federal Reserve rate hikes.
Markets

Greenback demand slumps Shilling performance

EABW Editor

The Uganda shilling surrendered some of its gains in yesterday’s session underpinned by an uptick in greenback demand by interbank players. The local FX market was quite in the morning with no movements in the currency, late emergency buyers saw the local unit shrink within the 3730/3750 bracket. Ahead of the weekend, outlook remains for […]

Movit, KikuubOOnline Partner for E-Commerce
Africa ICT Markets

Movit, KikuubOOnline Partner for E-Commerce

Godfrey Ivudria

Kampala, 27th July 2021: Movit Products the Leading Manufacture of Baby Care, Hair Care and Skin Care Products in Ugandan has Tuesday, July 27th announced a partnership with KikuubOOnline where Movit customers will access MPL products on the KikuubOOnline store. This was revealed at KikuubOOnline Offices in Ntinda industrial area. The partnership is aimed at […]

The Uganda shilling appreciated further against the U.S. dollar in yesterday’s session lifted by a sell-off wave as commercial banks sought to trim their hard currency positions.
Markets

Fading greenback demand elevates Uganda Shilling at weekend close

EABW Editor

The Uganda shilling appreciated further against the U.S. dollar in yesterday’s session lifted by a sell-off wave as commercial banks sought to trim their hard currency positions. The fading greenback demand elevated the local unit to close higher at the 3750/3770 levels, stronger than Wednesday’s close of 3765/3785. Prior to the weekend, we expect a […]