Markets

Oil Falls for Second Day on Weak Demand Outlook

Global oil prices dropped on Tuesday, January 7, extending a two day decline after last week’s rally. Analysts linked the…

By Amnon Jakony

Christmas Costs Climb for Tanzanian Consumers

(Dar es Salaam) - A surge in market prices for essential goods, including food and clothing, has been observed across…

Uganda Shilling Dips to 3700 Before Closing Slightly Stronger

Uganda Shilling Briefly Hits 3700 Due to Dollar Demand and Tight Liquidity

(Kampala) - The Uganda shilling fluctuated during Wednesday's trading session, briefly hitting the 3700 mark before closing at 3685/3695, amid strong…

The Uganda shilling weakened against the US dollar on Monday due to increased corporate demand, especially from the energy sector, and a lack of significant dollar inflows.

Shilling Drops as Energy Sector Leads Demand

(Kampala) - The Uganda shilling weakened on Monday as corporate demand increased, particularly from the energy sector, following the completion…

USE Market Activity Drops 67%, Umeme and MTN See Major Trades

Major Decline in USE Trading as MTN, Umeme Stocks Dominate

(Kampala) – The Uganda Securities Exchange (USE) saw a significant decline in equities turnover this week, with a drop of…

The Uganda shilling remained stable in Thursday’s session at 3665/3675 against the dollar due to low trading activity during the mid-month tax period.

Mid Month Taxes Keep Uganda Shilling Stable

(Kampala) - The Uganda shilling opened and closed Thursday’s trading session unchanged, holding steady at 3665/3675 against the U.S. dollar.…

The Uganda shilling experienced a volatile session on Tuesday, weakening due to strong demand from the energy sector before partially recovering, with money markets showing tight liquidity.

Dollar Demand Weakens Uganda Shilling’s Position

(Kampala) – The Uganda shilling started the trading session on Tuesday at 3662/3672 against the US dollar, but soon lost…