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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

Private Companies Post Successive Rise in March-Uganda
Africa Markets

Private Companies Post Successive Rise in March-Uganda

8th April 20218th April 2021 Godfrey Ivudria Comment(0)

Private companies post a successive rise in March. There are signs that the Ugandan economy is gradually returning to the old normal. Growth and rise in business activities of the private sector, as seen at the end of the first quarter are pointing to that. The headline Stanbic Purchasing Managers’ Index (PMI) posted 53.2 in […]

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