Remittances

Ugandan Shilling Hits Greatest Low in 18 Years

Thursday, August 11, 2011
Ugandan Shilling Hits Greatest Low in 18 Years

The Ugandan shilling tumbled to almost sh2,800 per dollar-- the weakest it's been against the dollar since 1993. Meanwhile, the opposition vows to continue the walk-to-work protests to protest the rising cost of living, particularly fuel and food costs. »

Uganda’s Investment Opportunities Shine

Friday, December 31, 2010
Uganda’s Investment Opportunities Shine

Ugandans abroad can find opportunities back home to invest, from financial services to printing and publishing to tourism and education. Ugandans Abroad shares these opportunities from the "Home is Best" diaspora summit »

Money Home Soars In 2010

Thursday, December 30, 2010
Money Home Soars In 2010

Money sent home this year may have soared as high as $930 million, up from $800 million in 2010, according to Uganda's Central Bank. The recovery from the global financial crisis has helped the diaspora keep their jobs and send a significant amount of their salaries home on a regular basis. »

Shilling Strengthens Slightly Against Dollar, Could Weaken

Friday, December 17, 2010
Shilling Strengthens Slightly Against Dollar, Could Weaken

Money from the diaspora for the holidays helped strengthen the shilling slightly this week, but telecom and manufacturing companies purchasing dollars in Uganda this week pushed back against the shilling. »

Shilling Flat Against Dollar, Diaspora May Help Strengthen Shilling

Sunday, December 12, 2010
Shilling Flat Against Dollar, Diaspora May Help Strengthen Shilling

This week, the Ugandan shilling finished flat against the dollar, and weakened against the British pound. Traders hope that year-end remittances from Ugandans in the diaspora might weaken the dollar, and help the Ugandan shilling make some gains. »