Tag: Bank of Uganda
Pesapal Uganda receives operator license from the Bank of Uganda
Pursuant to the National Payments Systems Regulation, 2021, Pesapal Uganda has received a Payment System Operator license from the Bank of Uganda.
Pesapal has...
Uganda shilling: imbalances driving the unit weakness not about to abate...
The Uganda shilling continued to battle a range of headwinds surrendering gains post Bank of Uganda intervention.
Foreign portfolio disinvestment was the main driver...
Bank of Uganda intervenes to save struggling shilling
The Uganda shilling was under stress trading above the key psychological level of 3800 for the first time in months.
Towards closure of the...
US dollar hits its highest in 02 decades against the major...
The Uganda shilling was on the back foot undermined by an upsurge in demand from importers and interbank. The unit lost its previous week...
Shilling to sustain a positive stance: benefiting from reduced global risk,...
The Uganda shilling traded with a mild appreciation bias following a dovish Bank of Uganda monetary policy decision to keep the policy rate...
Uganda ranks fifth in Absa Africa Financial Markets Index 2021
Uganda is ranking fifth with a score of 57 out of 23 countries surveyed in the Africa Financial Markets Index 2021.
Absa Group survey, released...
Market watch: Uganda shilling to struggle to find momentum, real direction
The Uganda shilling was relatively volatile as it responded to the demand and supply imbalances in the market. Investor sentiment and trading moves were...
Shilling finds support in a fairly stable market environment
The local currency found support in a fairly stable market environment characterized by lack of vigour on the demand side against sufficient supply levels....
Shilling watch: Bank of Uganda mops up excess dollars to build...
It was a bull run for the local currency in all the trading sessions of the week, drawing support from the surge in seasonal...
Uncertainty looms over Uganda’s economic growth due to COVID-19
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Restrictive measures against the second wave of COVID-19 infections have impacted the country's economic growth prospects,...
