Uganda shilling a touch weaker as players eye demand uptick


KAMPALA (Reuters) – The Ugandan shilling was a touch weaker on Wednesday amid expectations of a pick up in demand from importers as businesses re-open after the long holiday.

At 0700 GMT commercial banks quoted the shilling at 3,710/3,720, compared to Monday’s close of 3,705/3,715.

Reporting by Elias Biryabarema; Editing by Maggie Fick

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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