The Uganda shilling extended its losses against the dollar in today’s trading session, pressured by strong greenback demand from the energy, manufacturing, and telecommunications sectors, according Absa Bank Market Report. According to the report, the demand outweighed the limited dollar inflows from commodity exports, remittances, and non-profit organizations. The shilling was seen trading at 3755…
The Uganda shilling extended its losses against the dollar in today’s trading session, pressured by strong greenback demand from the energy, manufacturing, and telecommunications sectors, according to Thursday Absa Market Report. The demand outweighed the limited dollar inflows from commodity exports, remittances, and non-profit organizations. The local unit opened the day trading at 3735 /…
The Uganda Shilling extended its depreciation against the Dollar today, weighed down by sustained corporate demand as business activity continues to gather pace at the start of the new fiscal year. According to Absa Bank Tuesday Market Report, further pressure stemmed from offshore investors actively purchasing the greenback while reducing portions of their holdings in…
The Uganda shilling continued to come under pressure during the trading session, weighed down by sustained corporate dollar demand mainly from the energy, and manufacturing sectors. According to Tuesday Absa Bank Uganda market report, with dollar inflows remaining insufficient to offset demand, the local unit extended its losses, weakening from levels of 3705/3715 to close…
The Uganda shilling began the week on a depreciating trend, pressured by strong corporate dollar demand from the telecommunications, energy, and manufacturing sectors, according to Absa Bank Monday Market Report. Limited dollar inflows offered little support to the local currency, which weakened to close at 3705/3715 compared to its opening levels of 3690/3700. Liquidity conditions…
The East African Development Bank (EADB) closed 2025 with profit up 51%, a loan book that grew by more than half, non-performing loans below 1%, and two international rating agencies reaffirming its investment grade status. The core lending business, the interest EADB earns on money it lends out, actually shrank in 2025. What pushed profit…
The Uganda shilling lost further ground during the week weighed down by robust demand for hard currency from local market participants, offshore investors and renewed tensions coming out of the Middle East, according to Absa Bank Uganda’s weekly report. The shilling closed the week trading at 3690 / 3700 levels compared to the week’s opening…
The Uganda shilling posted marginal gains against the dollar during today’s trading session, closing at 3685/3695 from opening levels of 3690 / 3700, according to Thursday’s Absa Bank Uganda Market report. The local currency’s appreciation was primarily supported by muted dollar demand, and a sustained dollar supply from exporters. Money market liquidity remained comfortable, bolstered…
The Uganda shilling came under depreciation pressure against the US dollar during the early trading session, weakening from 3680/3690 to an intraday low of 3695/3705 before recovering to close at 3685/3695. This was according to Absa Bank’s Monday market report. The move was largely driven by strong demand from interbank market participants. However, steady commodity…
The Uganda shilling lost ground during the week weighed down by robust demand for hard currency from local market participants, offshore investors and renewed tensions coming out of the Middle East in the recent hours of the day. According to Absa Bank Uganda weekly market report, the shilling closed the day trading at 3670 /…
