The Big Story

02nd May – 08th May 2020: Weekly financial markets review and outlook with Stephen Kaboyo The Uganda Shilling to gain from the news that the IMF is disbursing USD491.5 million (UGX1.87 trillion) to assist Uganda deal with Covid-19 related challenges to the economy.

by Stephen Kaboyo
Stephen Kaboyo, Founder and Managing Director Alpha Capital Partners
The UGX closed the week steady riding on the positive sentiment generated by the news of IMF disbursement designed to assist the country deal with the economic effects of Covid-19. Trading was in the range of 3795/3805. Yesterday, Wednesday, May 6th IMF announced that it had approved a disbursement to Uganda of USD491.5 million (UGX1.87 trillion) under the Rapid Credit Facility (RC

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About the Author

Stephen Kaboyo is the Founder and Managing Director of Alpha Capital Partners, an indigenous Ugandan firm focusing on sovereign asset management, foreign exchange trading strategies and financial markets advisory.