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Tag: The Uganda Shilling devalues further against U.S dollar on Friday

Markets

The Uganda Shilling devalues further against U.S dollar on Friday

28th May 201828th May 2018 EABW EditorComment(0)

BY CBA KAMPALA, Uganda–The Uganda Shilling remained on the back foot, devaluing further against its U.S dollar counterpart on Friday as greenback demand from importers and the energy sector persisted. The USDUGX pair traded within the 3732/3755 band from 3730/3750 levels earlier. This week, market charter alludes to a vulnerable local currency as dreary activity […]

In the market

Kenya-Somalia Border Mandera to Opened After Ten Year
Africa Markets

Kenya-Somalia Border Mandera to Opened After Ten Year

3rd February 2023 Godfrey Ivudria Comment(0)

Plans for the reopening of the Kenya-Somalia border in Mandera are nearing conclusion, with the renovation of the Customs Border Control Point set to begin soon. This follows a series of high-level consultations between the two countries with the intent to advance new spheres of shared interests, particularly cross-border trade and regional security. Interior Cabinet […]

EAC Kickstarts Verification to Admit Somalia

EAC Kickstarts Verification to Admit Somalia

30th January 2023 Godfrey Ivudria Comment(0)

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