The Uganda Shilling is forecast to strengthen further against the US Dollar in the coming week, helped by inflows from NGOs and from offshore investors participating in debt auctions. Stanchart bank financial markets department quoting the weekly close of trading ended Friday February 14, 2014,said commercial banks quoted the currency rate at Ushs 2,463/2,468 to the dollar stronger than last week’s close of Ushs 2,468/2,473.
At the Alpha Capital Partners, the Managing Director Stephen Kaboyo said, the shilling traded sideways in a market characterized by low market activity.
Kaboyo said, “ mid week some demand emerged as oil companies were seen in the market but the demand was not strong enough to change the course.
