21 C
Kampala
Wednesday, April 26, 2017
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Uganda shilling gains

By Stephen Kaboyo The Uganda Shilling (Ugx) strengthened during the week and touched  a three week high on account of improved foreign exchange  inflows mainly...

Domestic economic imbalances, dollar strength, to weaken the shilling further

By Stephen Kaboyo The Uganda shilling was on the back foot in the first full trading session of the year, inching lower as both global and domestic market...

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...

Seasonal inflows from Diaspora Ugandans fell short of expectation

The Uganda shilling lost ground on resurgence of dollar demand from importers and interbank against weak foreign exchange inflows.   The seasonal inflows from Ugandans living abroad...

Uganda shilling recoups it losses amid muted demand

The Uganda shilling (Ugx.) recouped some of it losses amid muted demand and improved inflows. The unit traded in the range of 3595/3605. In the...

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...

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....

The euro is now the second-most-active currency for trade finance

Since the launch of the first SWIFT RMB Tracker in November 2011, the Chinese currency –the Renminbi (RMB) has shown stellar growth for payments,...

Uganda Shilling to slide further

The Uganda shilling kept a weak tone and touched a 12 month low to trade above the key psychological level of 3600.   The unit has...

Uganda Shilling to gain some reprieve

The Uganda shilling was on the back foot undermined by interbank and corporate demand as well as anxiety of the surprise win of Trump in...