Covid-19 impact on Uganda Shilling

November 13 – November 20, 2020: Weekly financial markets review and outlook with Stephen Kaboyo

CEO ReporterBanking & Financial ServicesNovember 20, 2020November 20, 2020

The local currency weakened, pausing an advance in the previous sessions that saw the currency on the gaining side. Markets players were seen earlier in the week reposition. The unit…

Bank of Uganda further expected to cut Central Bank Rate to below 8 per cent

Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryJune 7, 2020June 7, 2020

Ahead of the Central Bank’s announcement of its June 2020 Monetary Policy, experts have predicted that Bank of Uganda, will further cut its Central Bank Rate (CBR), in a bid…

10th – 17th APRIL 2020: Weekly financial markets review with Stephen Kaboyo

Stephen KaboyoBanking & Financial ServicesThe Big StoryApril 17, 2020April 17, 2020

The forex market was calm with the UGX trading flat for most of the trading sessions as market activity was at the lowest ebb. Market players were seen on the…

MONEY MARKETS WITH STEPHEN KABOYO: UGX drops to weekly low after short-lived rebound

Stephen KaboyoBanking & Financial ServicesThe Big StoryApril 10, 2020April 10, 2020

Following a short-lived rebound early in the week, the local currency fell to a weekly low, testing the resistance level of UGX3,800, undercut by a pickup in demand from market…

MONEY MARKETS WITH STEPHEN KABOYO: BoU expected to cut April 2020 CBR; Shilling stabilises after a string of losses

Stephen KaboyoBanking & Financial ServicesThought LeadershipApril 3, 2020April 3, 2020

BOU to cut the policy rate for April 2020 Globally Central Banks have reacted en masse to prop up their economies in the face of the Covid-19. BOU is expected…