Stephen Kaboyo, Founder and Managing Director Alpha Capital Partners

The Uganda shilling was wobbly on uptick of interbank demand as business activity picked up following an Easter holiday break. Trading held in the range of 3525/3535.In the bond market, yields continued to hold flat with strong demand from market players. The 3-year traded at 12.350% while the 15-year printed at 14.500%. Despite the uncertainty about the future fiscal path, domestic bond valuations continue to offer compelling returns.In regional markets, the Kenya shilling was seen edging lower trading at 115.45/65, on energy sector demand with low levels of supply, while the Tanzania shilling was broadly stable, supported by agriculture export…

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