June 17 – June 24, 2022: Weekly financial markets review and outlook with Stephen Kaboyo
Stephen Kaboyo, Founder and Managing Director Alpha Capital Partners
The Uganda shilling edged lower against the dollar as the market remained pressured by mainly offshore demand and pockets of demand from energy and manufacturing sectors. Trading held in the range of 3760/70. In the regional currencies, the Kenya shilling eased and hit fresh lows to trade at 117:60/80 as investors remained nervous of a parallel forex market amid dollar shortages.In other notable n
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