Ugandan shilling to weaken due to increasing dollar demand
2,078 views · Published 17 January 2018 · 2:14 · Indexed 19 October 2026
Channel: CGTN Africa · 2018 · News & Politics
The Ugandan shilling is expected to weaken in the coming days. Financial Analysts attribute the weak shilling to the increase in demand for dollars from the manufacturing and energy sectors. But some attribute the depreciating currency to external factors that are forcing offshore investors to exit the local market. CGTN's Michael Baleke has that report. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
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