Tag Archive

Shilling Strengthens Slightly Against Dollar, Could Weaken

By ugandansabroad

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. »

This Week’s Hot Sheet: News From Home

By ugandansabroad

Leaked diplomatic cable says U.S. ambassador wanted a travel ban posed on Mbabazi and Onek, Iryn Namubiru named the top diva for 2010 by the Afro Pop Diva Awards, Bebe Cool launched his "Big Size" album, 9 radio stations refuse Besigye adverts, IPC says government recruiting militias for 2011, and workers leave cars at... »

Shilling Flat Against Dollar, Diaspora May Help Strengthen Shilling

By ugandansabroad

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. »

October– A Sweet Month For Consumers Back Home?

By ugandansabroad

Ugandans Abroad hopes to keep the diaspora informed on what's going on with the Ugandan economy back home. »