The local currency backtracked to hit record lows on demand jitters, testing a key level of 3600. Demand was mainly from oil importers and some interbank activity. In fixed income,…
The local currency was up against elevated demand, trading weaker touching a key level of 3550 with the bearish mode likely to linger on. In the fixed income, yields on…
Just weeks after Bank of Uganda withdrew its UGX397 billion Supreme Court case against Dr. Sudhir Ruparelia and his Meera Investments Limited, today the Supreme Court handed the central bank,…
The Constitutional Court has outlawed Section 118 and 124 of the Financial Institutions Act (2004) which previously gave the Bank of Uganda uncontrolled and unaccountable powers to freeze bank accounts…
The local currency traded unchanged, underpinned by seasonal month end flows that improved supply conditions amid sluggish demand. The currency held in the range of 3530/40. In the regional markets,…
The local unit was relatively stable with a bit of interbank demand that emerged well managed by the available supply in the market as players squared off. Trading held in…
President Yoweri Museveni has eased the no movement lockdown instituted last month for 42 days. The President said that the decision to relax the lockdown was reached after the national…
Bank of Uganda (BoU) has reduced by half the maximum value that can be written on cheques to banks and other financial institutions. Currently, amounts written on cheques are limited…
Alan N. Lwetabe, CFA, CAIA, CIPM; has joined the Deposit Protection Fund of Uganda (DPF) in the capacity of Director of Investments from 1 July 2021. He joins the DPF…
It was sideways trading for the local currency crossing over into the new fiscal year, largely underpinned by a sharp slowdown in demand as Covid-19 lockdown measures kept business activity at…
