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Tag: The Uganda shilling

The Uganda shilling remained frail on Tuesday, a day that saw sustained market activity on the foreign currency demand counter.
Markets

Uganda Shilling fragile despite few hours of greenback resistance

19th September 201819th September 2018 EABW EditorComment(0)

The Uganda shilling remained frail on Tuesday, a day that saw sustained market activity on the foreign currency demand counter. After holding out for most of the day against the greenback, the local unit buckled on the back of dollar demand from commercial banks and merchandise imports in mid trading to close the day quoted […]

The Uganda shilling remained frail on Tuesday, a day that saw sustained market activity on the foreign currency demand counter.
Markets

Shilling continues to frail despite Bank of Uganda’s excess liquidity mop up

12th September 201812th September 2018 EABW EditorComment(0)

The Uganda Shilling traded lower at the 3795/3805 levels against the U.S dollar on Tuesday as increased bustle on the greenback demand counters dominated mostly muted supply activity. The central bank absorbed excess liquidity from the local money market through a 2-day repo. However, this did little to offset bearish sentiment on the home unit […]

Markets

The Uganda Shilling extends gains against the U.S dollar

9th July 2018 EABW EditorComment(0)

KAMPALA, Uganda–The Uganda shilling extended the week’s gains against the U.S dollar on Friday as some commercial banks converted their dollar holdings to cope with the local currency liquidity squeeze. On Friday commercial banks quoted the shilling at 3825/3845, compared to Thursday’s close of 3835/3855. The shilling has rallied against the greenback in recent days, […]

Markets

The Uganda Shilling stabilized against the U.S dollar on Friday

2nd July 20182nd July 2018 EABW EditorComment(0)

KAMPALA, Uganda–The Uganda shilling closed the 2017/18 financial year at the the 3870/3890 levels against the U.S dollar as calm activity on both demand and supply counters throughout the day limited any movements in the pair. Uganda’s year on year inflation for June rose to 2.2 per cent compared from 1.7 per cent in May […]

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 […]

Markets

USD rose against major currencies as sentiment were lifted

18th April 2018 EABW EditorComment(1)

KAMPALA, Uganda–The Uganda shilling held steady at the 3680/3700 levels against the U.S. dollar on Tuesday, bolstered by low appetite for hard currency from key players as tight liquidity keyed into the local money market arena. The Central Bank injected Ugx 170.5 bio in the money market via a 2 day reverse re-purchase agreement in […]

In the market

Investment Markets

Stanbic maintains Uganda’s bancassurance market lead in 2022

22nd March 2023 EABW Editor Comment(0)

At one percent, insurance penetration in Uganda remains low, but products like bancassurance, are steadily improving public perception about the advantages of being insured and Stanbic Bank continues to hold a leading position in the market. Bancassurance is a partnership that allows commercial banks to offer insurance products to their customers, making it more convenient […]

Investors Looking to Emerging, Frontier Markets

Investors Looking to Emerging, Frontier Markets

14th March 2023 Godfrey Ivudria Comment(0)

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