In Uganda 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.

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Ugandan Shilling play

Ugandan Shilling

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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.

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

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