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Shilling weakens as importer dollar demand picks up

At 1128 GMT, commercial banks quoted the shilling at 3,345/3,355, weaker than Tuesday's close of 3,335/3,345.

The Ugandan shilling weakened on Wednesday as importers sought dollars.

Following a period of uncertainty during the February elections and its aftermath, business confidence has picked up, fuelling demand for imports and foreign exchange, traders said.

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