In Uganda Shilling stable on weak economic activity

At 0915 GMT commercial banks quoted the shilling at 3,345/3,352 unchanged from Friday's close.

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Ugandan Shilling play

Ugandan Shilling

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The Ugandan shilling was stable on Monday, with tepid economic activity slowing importer demand for hard currency.

At 0915 GMT commercial banks quoted the shilling at 3,345/3,352 unchanged from Friday's close.

"The common sentiment is that there's significant slowdown in economic activity and as a result we're witnessing an extreme slowdown in (dollar) demand on the corporate side," said David Bagambe, trader at Diamond Trust Bank.

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