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The Taata Owen Complex along Main Street in Jinja City, one of the modern buildings reshaping the city’s skyline. PHOTO | DENIS EDEMA
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Dollar dilemma: Reserves in the vault, vultures at the doorIn September, the Shilling lost 3.7 percent of its value in a single month, averaging Shs3,869 to the dollar, and it has since crossed the Shs4,000 mark, a closely watched danger sign.
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Shilling slump: Govt slashes travel, fuel budgets by 50% in sweeping austerity driveConfirming the market volatility, Mr Stephen Kaboyo, a financial analyst and Partner at Alpha Capital Partners, noted that the brief slide to the Shs4,500 mark represents the currency's weakest...
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Oil slips from near six-months highs despite supply concerns
Prices had settled nearly $3 higher on Friday after Houthi attacks in Saudi Arabia stoked energy supply concerns