“Outlook indicates a bullish shilling amidst anticipated thin demand"
Bank of Uganda quoted the unit trading at 3,709/3719 slightly weaker than Thursday’s close of 3,707/3,717 buying and selling respectively
Uganda received $1.2b (about sh4.5trillion) in 2017 in remittances, accounting for 5% of the country’s Gross Domestic Product (GDP), according to a report...
In the fixed income market, a treasury bill auction was held with sh195 billion on offer.
Bank of Uganda data shows that the shilling closed at 3,715/3,725 buying and selling respectively on average. T
The Shilling closed the week at around 3,744.88/3,754.88 to the US Dollar
The annual headline inflation for the year ending October 2018 registered a 0.7% decline from the previous month
“The economy shrunk by 0.8% in the second quarter of the year."
The weakening UGX could be attributed to the apparent saving-investment gap of 10.1 percent of GDP
The major bulk of imports comprise motor vehicles, petroleum products, cosmetics, drugs, construction materials, alcoholic products, and clothing among...
Sign up to receive our free newsletter