August 26 – September 2, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

The Uganda shilling held steady, trading within range amid low dollar appetite across all sectors. Supply was beefed up by end month conversions. The unit was quoted at 3800/10. The Kenya shilling was equally stable trading at 119.90/120, but was expected to ease on increased dollar demand from oil companies. In the fixed income market, yields remained relatively flat at 9.000%, 11.499% and 14.