Finance

29th May- 5th June: Weekly financial markets review and outlook with Stephen Kaboyo

by Stephen Kaboyo
Stephen Kaboyo, Founder and Managing Director Alpha Capital Partners
The Ugandan Shilling this week, traded flat against a muted demand for the US Dollar. The shilling was on one hand supported by end month flows from charities and coffee export inflows coupled by Bank of Uganda liquidity mop-up operations that took out UGX839 billion equivalent to USD222 million.In the interbank Shilling market overnight funds traded at an average 5.1% while one-week funds traded

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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.