
Uganda’s Central Bank Meets Again as the Shilling Battles Back From October’s Slide
Traders expect a second, smaller hike at the November 9 meeting after an emergency increase helped the shilling recover to 4,040/4,050 per dollar from 4,345/4,355.
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Traders expect a second, smaller hike at the November 9 meeting after an emergency increase helped the shilling recover to 4,040/4,050 per dollar from 4,345/4,355.
Interswitch rolls out tokenised tap-to-pay to enhance security and convenience for card payments.
Laboratory tests confirmed the Bundibugyo strain in a woman who arrived from Uganda on October 3 and fell ill four days later, with 44 contacts identified, no vaccine available for the strain and WHO recommending no travel or trade restrictions.
The Bank of Uganda raised its central bank rate by 225 basis points to 12% at an emergency meeting, citing oil prices, shilling depreciation and offshore selling of government bonds.
More stocks fell than rose across 17 African exchanges on Thursday, with Uganda leading index gains and Ghana the weakest, while attention shifted to Enoch Godongwana medium-term budget on 21 October and a possible R70 billion revenue windfall.