The Uganda shilling inched up against the dollar, benefiting from subdued trading activity as market players held onto the local currency in preparation of mid-month tax payments. Trading was in…
The shilling powered to its firmest in the last full trading week of year, trading below 3650, building on its recent gains as market flows increased against subdued demand. In…
The local currency traded with a mild bullish bias, gaining slightly on heightened interbank and corporate activity that saw the unit trading within a narrow range of 3690/3700.In other domestic…
The Uganda shilling clawed back some ground in thin trade with the money markets awash with liquidity. The home unit held steady in the range of 3,680/3,700. In the fixed…
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…
Utility company Umeme has pledged to expedite the connection of power lines at Sino Industrial zone located in Western Uganda. Selestino Babungi, the Umeme Managing Director, speaking during a recent…
The home unit (Uganda Shilling) was kept on the edge, mildly dropping, knocked by sustained demand against lacklustre flows. Out turn was also in line with market expectation that the…
The Uganda shilling was on the back foot as demand mostly from merchandise importers surged mid-week and drove the local unit to test record lows of 3730/50. In the fixed…
The local currency hit pockets of volatility in early trade but price action became less intense towards the end of week as demand subsided. Mid-month tax payments did little to…
The Uganda shilling tumbled to trade near a two month low undermined by a surge in corporate and importer demand as the country opened up its entry points. At the…
