Covid-19 impact on Uganda Shilling Archives

Stephen Kaboyo, Founder and Managing Director Alpha Capital Partners

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

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 traded in

November 20, 2020

Banking & Financial Services

Bank of Uganda faces scrutiny after cancelling the National Payments Switch tender, raising concerns over transparency, influence peddling, and procurement integrity. Allegations of favoritism and government interference spark debate on fair competition and financial sector governance in Uganda.

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

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 to stimulate

June 7, 2020

Banking & Financial Services·The Big Story

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

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 fence as

April 17, 2020

Banking & Financial Services·The Big Story

Board members of BOU are paid a monthly retainer of UGX 5 million

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

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 players as

April 10, 2020

Banking & Financial Services·The Big Story

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

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 to move

April 3, 2020

Banking & Financial Services·Thought Leadership