The Uganda shilling has come under tremendous upward pressure rising above the Ushs 2530 to the dollar from the strong trading level of Ushs 2460 to the dollar in a single trading session propelled by the passing of the anti gay legislation.
At the Alpha Capital Partners, the Managing Director Stephen Kaboyo said, “traditionally, grants and concessional loans are an important source of government financing. Following the 2012, OPM financial challenges, donors re-aligned their aid strategy and began providing direct project grants and loans and reduced budget support grants.
