DSE Price Updates

                              TOL 330.00     TBL 1,800.00     TTP 510.00     TCC 1,640.00     SIMBA 1,780.00     SWISSPORT 650.00     TWIGA 1,340.00 -20.00     NICOL 305.00     DCB 360.00     KA 1,500.00     EABL 2,000.00     JHL 5,860.00    
LAST UPDATE: 24/9/2008 - 5:58PM EAT

Friday, September 12, 2008

Uganda shilling set to firm in medium term

The Citizen Correspondent, Kampala, and Agencies

Uganda's shilling will firm against the US dollar in the medium term on bigger inflows of greenbacks from foreign investors despite record inflation offsetting some of the gains, dealers say.

"Three months from now, we expect a lot of inflows from offshores, NGOs and Ugandans living abroad. This will definitely create a bit of pressure on the dollar towards the end of the year," said Ronnie Mutebi, a dealer from Bank of Africa. Donors have hailed Uganda as a beacon of macroeconomic stability after years of steady growth, but high global oil and food prices have hit East Africa's leading economies hard. More...


No comments: