Uganda

On the back of strong foreign investor demand for local currency government bonds and seasonal donor inflows, the Ugandan shilling has appreciated rapidly since the beginning of May,... 2008-05-15

A bout of volatility has knocked the shilling off the appreciation path seen during H107, sending it as low as UGX1,801/US$ (at the time of writing) from the early July peak at UGX1,565/US$.

The shilling continues to look somewhat weak on a technical basis, following the 9.4% depreciation it saw between June 7 and August 22. However, it has come back somewhat, and the... 2005-09-06

Relations between the Ugandan government and its international donors have remained strained of late mainly because of the country's draft 2004/05 budget, which proposes large scale... 2004-06-01