Advertisement

Shilling weakens as importer dollar demand picks up

16:59 - 18 May 2016
At 1128 GMT, commercial banks quoted the shilling at 3,345/3,355, weaker than Tuesday's close of 3,335/3,345.
Advertisement

The Ugandan shilling weakened on Wednesday as importers sought dollars.

Advertisement

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.

Advertisement
Share
Subscribe
Latest Videos
Paddy Adenuga almost acquired Chevron at age 29
Business
31.01.2018
Paddy Adenuga almost acquired Chevron at age 29
Advertisement
Advertisement
More from Pulse Nigeria
Meet the Five Governors Yet to Join APC as Ruling Party Secures 31 States
News
10.03.2026
Meet the Five Governors Yet to Join APC as Ruling Party Secures 31 States
Dangote Refinery Cuts Petrol Price to ₦1,075/Litre, Diesel Falls to ₦1,430
News
10.03.2026
Dangote Refinery Cuts Petrol Price to ₦1,075/Litre, Diesel Falls to ₦1,430
Five Governors Recently Defected to APC as Party Claims Control of 31 States
News
10.03.2026
Five Governors Recently Defected to APC as Party Claims Control of 31 States
Meet Nigeria’s Highest-Paid Female CEOs Leading Billion-Naira Companies
Lifestyle
10.03.2026
Meet Nigeria’s Highest-Paid Female CEOs Leading Billion-Naira Companies
Africa Records Highest Aviation Accident Rate in 2025 — IATA report
News
10.03.2026
Africa Records Highest Aviation Accident Rate in 2025 — IATA report
BBL (Brazilian Butt Lift) and 4 Other Cosmetic Surgeries That Can Cost You Your Life
Lifestyle
10.03.2026
BBL (Brazilian Butt Lift) and 4 Other Cosmetic Surgeries That Can Cost You Your Life