September 16 – September 23, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

The Uganda shilling was in a sideways consolidation phase with minor bearish pressure but was showing signs of reversing as pockets of demand kept emerging. The unit held in the range of 3820/30, while in Kenya, the unit continued to trade at an all time low of 120.55/75, on increased dollar demand from oil importers and the global dollar strength. In other African markets, the three African bi