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Stock Market / Finance in Uganda

  • Uganda: Interest On External Debt Rises to Shs250b

    UGANDA, 2016/04/30 Uganda is projected to pay Shs250b in the next financial year in interest payment for the country's external deficit. The all, according to the Parliament Finance Committee, will rise from the Shs170b government paid this financial year. This means that each of the 34 million Ugandans - a lot of of whom earn less than Shs300,000 monthly - would have to, figuratively pay Shs440,000 to repay Uganda's Shs14.915 trillion external deficit.

  • Uganda Market expects stable rate as inflation eases

    UGANDA, 2013/11/05 Bank of Uganda is expected to keep the rate of its key monetary instrument steady next the of rate inflation eased in the month of October. BOU will make an announcement on the Central Bank Rate for the month of November, with some experts in the market expecting an unchanged rate, but most importantly with a wider section of the traders and public hoping the rate will boost credit increase as the festive season begins. "Considering the fact that there was a marginal decline in inflation, an indication that inflationary pressures are tapering off, one could take a view that BOU is almost at the edge, ready to lower the CBR," said Stephen Kaboyo, managing director at Alpha Capital.

  • Ugandan Shilling Stable

    UGANDA, 2013/06/03  The Ugandan shilling was stable on Tuesday ahead of Treasury bill and bond auctions this and next week at which interest from foreign buyers could offer the currency support, traders said. Commercial banks quoted the shilling at 2,600/2,610, unchanged from Monday's close. "End-month conversions are providing some relief to the shilling amidst a lull in customer appetite," said Thaib Lubega, trader at Stanbic Bank.

  • International Monetary Fund (IMF) for Uganda

    UGANDA, 2013/01/15 The Executive Board of the International Monetary Fund (IMF) today completed the fifth review under the Policy Support Instrument (PSI) for Uganda. The PSI for Uganda was approved on May 12, 2010and aims at maintaining macroeconomic stability and alleviating constraints to increase. The IMF’s framework for PSIs is designed for low-gain nations that may not need, or want, IMF financial assistance, but still seek IMF advice, monitoring and endorsement of their policies. PSIs are voluntary and request driven
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