June 10 – June 17, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

The Uganda shilling continued to battle a range of headwinds surrendering gains post Bank of Uganda intervention. Foreign portfolio disinvestment was the main driver of the currency weakness during the week. Trading was in the range of 3770/80. A weak shilling has a number of implications for the country’s growth prospects. It reduces the purchasing power, makes imports expensive, fuels inflatio