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…
April 15 – April 22, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

Stephen Kaboyo, Founder and Managing Director Alpha Capital Partners



