The Uganda shilling firmed in volatile trade that saw both gains and losses. On one hand commodity flows boosted the supply side while pockets of demand were seen from the energy sector. The unit held in a wide range of 3790/3825. In the regional markets, the Kenya shilling was stable trading at 119.75/95, however forecast indicate that the unit was likely to trade with a weakening basis as businesses resumed normal activity after the Supreme Court ruling on the elections dispute. In fixed income markets, yields on the 5 and 10 year bonds traded at 16.250% and 18.500%. The Uganda…
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