19 C
Kampala
Tuesday, August 22, 2017
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2016 Year in Review and Outlook for the shilling

By Stephen Kaboyo 2016 has been a rather challenging year. There was a general slowdown in almost all sectors of the economy.   A number of economic...

Shilling to weaken further amid interest rate hike in the U.S

The Uganda shilling continued to slide touching the lowest level seen in the recent past undermined by strong corporate demand, energy sector and telecoms....

Uganda Shilling gyrates as the Dollar drops

The Uganda shilling gyrated within a range, weakening as demand surged on account of interbank buying and importers forex needs. In the money market,...

Uganda shilling trades within a narrow range

The Uganda shilling traded within a narrow range as most market players remained out of the market. Liquidity remained tight in the money market....

Uganda shilling to remain stable in the coming weeks

(adsbygoogle = window.adsbygoogle || ).push({}); The shilling recovered from the previous week losses backed up by Bank of Uganda liquidity mop up...

Uganda stock market: winners and losers

There was more activity on the Ugandan bourse this week with 21.8 million shares changing hands to generate a turnover of Ugx. 5.12Bn ($1.52Mn)...

Uganda shilling weakens

(adsbygoogle = window.adsbygoogle || ).push({}); The Uganda shilling weakened slightly on account of elevated demand from energy and manufacturing sectors but stabilized at...

Panic buying expected, as the Shilling faces more pressure

The Uganda Shilling depreciated to a three month low as demand surged mainly from energy and manufacturing sectors and the interbank.   The shilling breached a key...

Mild weakening for the shillings as BoU mops excess liquidity

The shilling traded sideways and remained in a relatively narrow range as demand was on and off. The Central Bank was in the market...

Uganda Shilling to remain volatile

The Uganda shilling continued to soften against the dollar on the back of a rebound in demand mainly from the importers.   In the early part of...