Uganda Money Markets Archives

Stephen Kaboyo, Founder and Managing Director Alpha Capital Partners

January 4 – February 11, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

The Uganda shilling was relatively volatile as it responded to the demand and supply imbalances in the market. Investor sentiment and trading moves were see-sawing most of the sessions. Trading was in

February 11, 2022

Banking & Financial Services·Business & Markets

November 19 – November 26, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

The Uganda shilling got a boost from export flows as well end month conversion that lifted up the local unit to trade at 3550/60. In fixed income markets, yields on government securities

November 26, 2021

Banking & Financial Services·Business & Markets

November 12 – November 19, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

The Uganda shilling surrendered some ground shedding off at least 15 units on the back of heavy demand from fuel importers stocking up for end of year. Trading was in the range

November 19, 2021

Banking & Financial Services·Business & Markets

August 13 – August 20, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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 the range

August 20, 2021

Banking & Financial Services·Business & Markets

July 30 – August 6, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

The shilling was a touch stronger at the close of the week, well supported by sufficient flows that kept demand in check. Major players quoted the shilling at 3540/50. In the fixed

August 6, 2021

Banking & Financial Services

July 23 – July 30, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

The shilling was slightly firmer for the good part of the week as seasonal end month flows mainly from commodities exporters and remittances offered support. However towards the end of the week,

July 30, 2021

Banking & Financial Services

February 19 – February 26, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

The Uganda Shilling held steady with supply side showing strong response against tepid demand. Trading was in the range of 3665/75. In other UGX peer currencies, the trend was similar following comments

February 26, 2021

Banking & Financial Services

September 4 – September 11, 2020: Weekly financial markets review and outlook with Stephen Kaboyo

The local currency backtracked mid-week pausing the stable stance in the previous sessions. The shilling breached a key level of 3,700 on the sell side as demand surged mainly from importers, retail

September 11, 2020

Banking & Financial Services

10th – 17th July 2020 Weekly financial markets review and outlook with Stephen Kaboyo

The local currency traded marginally stronger, pulling away from the key technical level of 3700, with both counters trading below that level as supply conditions improved, against subdued demand. Bid and ask

July 17, 2020

Banking & Financial Services

15th May – 22nd May 2020: Weekly financial markets review and outlook with Stephen Kaboyo

The Uganda Shilling remained stable for most of the trading session, opening the week in the range of 3788/98 and closing at 3785/95 on the back of hard currency flows from the

May 22, 2020

Banking & Financial Services