Alpha Capital Partners Uganda

18/05/2019

watch: New economic measures in reading keep market players with limited open positions

The Uganda Shilling was stable cushioned by dollars inflows as demand remained muted on corporate mid- month tax payments. Trading was in the range of ...

BusinessFinanceShilling watch: New economic measures in budget reading keep market players with limited open positions May 18, 2019 - Advertisement - By Stephen Kaboyo The Uganda Shilling was stable cushioned by dollars inflows as demand remained muted on corporate mid- month tax payments. Trading w...

22/04/2016

The Uganda shilling gained ground on the back of offshore flows targeting the bond market amidst sluggish appetite for the green bucks. The unit traded inside the range of 3305/3315. In the bond ma…

08/04/2016

Uganda’s economy to grow at 5 percent in 2016 –IMF April 8, 2016 20 Share on Facebook Tweet on Twitter tweet In a complex global, regional, and domestic environment, affected by election-related uncertainties, Uganda’s economy continued to perform well. The International Monetary Fund has said. ‘ ‘E…

06/04/2016

Rwanda’s economic performance in 2015 remained robust, with GDP growth of 6.9 percent-IMF April 6, 2016 22 Share on Facebook Tweet on Twitter tweet An International Monetary Fund (IMF) team, led by Laure Redifer, visited Kigali from March 22–April 5, 2016 to carry out discussions with the Rwandan au…

29/05/2015

Uganda shilling surrenders ground, breaches key level

The Shilling( UGX) jumped passed the key barrier of 3050 reflecting persistent demand for the dollar from the manufacturing sector, importers and interbank. The break above the psychological level is likely to open a more significant rally towards 3100 as anxiety builds up.

Fundamentally, the weakness is on account of falling revenues from exports amid concerns of a ballooning import bill. While BOU has tried to manage the shilling levels in the money market, lower liquidity has not offered solid support but to some extent has helped to slow down the rate of depreciation.

According to Stephen Kaboyo, Alpha Capital markets boss, The depreciating currency raises the prospects of pushing up prices of consumer and capital goods more especially fuel and industry raw materials. This in turn is expected to accelerate inflation which has been steadily raising over the last few months.

The market is in the process of bearish consolidation with further weakening expected as we get closer to the end of the financial year. Any hopes of shilling recovery at this stage seem to have been wiped out, going by the trends.

23/05/2015

Market watch: Shillings trades sideways, capped at 3000

The Uganda shilling traded sideways in a jaded performance most of the week supported by shilling tightness and subdued demand in the early part of the week. In the second half of the week some pockets of demand mainly from energy and manufacturing emerged. This sideways trading is seen as a pause in the underlying weakening tone of the currency.

The shilling is capped at 3000, a formidable psychological resistance, but this level could also seen as a point where BOU keeps stepping in the market to sterilize shilling liquidity in order to contain any potential break out.

In the treasury bond market, BOU auctioned 2 and 15 year bonds. The 2 year yield marginally fell from 17% to 16.9% while the 15 year went up slightly from 17.4% to 17.5%. The current general decline in the government securities core yields is a tentative sign that flows targeting the bond could may not be significant going forward.

it is unlikely that the shilling will break out of the sideways moving trend, however near term outlook suggest a move to the higher end of the range as markets anticipate another month of volatility ahead of the budget statement for 2015/16 fiscal year.

15/04/2015

’s appointed Director of Information Centre in Lagos,

The United Nations Secretary-General -moon has appointed Uganda’s Ronald Kayanja as the Director of the United Nations Information Centre (UNIC) in Lagos, Nigeria. The Information Centre in Lagos covers Nigeria.

Since November 2011, Mr. Kayanja has held the position of UNESCO Adviser for Communication and Information in West Africa, covering Benin, Cote d’Ivoire, Guinea, Ghana, Liberia, Nigeria, Sierra Leone and Togo working on media, communication and the use of ICTs for development in those countries.

In this role Mr. Kayanja has supported capacity building of journalists, promotion of press freedom and safety of journalists, in addition to policy dialogue with member states on the use of community media. Most recently he led ’s response to the crisis in and Sierra Leone through the use of community media.

He also has United Nations mission experience, serving as Programme Officer with the United Nations Integrated Mission in Timor-Leste from June 2007 until October 2011. He worked with the UN Mission, the UN agencies, national authorities and civil society on mechanisms of strengthening the participation of media and civil society in the nascent democracy of -Leste.

He has worked as a public information officer for more than 15 years, with field experience in the Philippines, the Syrian Arab Republic, Uganda, Zambia and Timor-Leste.

Prior to joining the United Nations, Mr. Kayanja was aDirector at the Panos Institute, a major actor in media development and communication for development. He also worked as a journalist for a decade.

Mr. Kayanja holds a master’s degree in journalism from the University of Wales in United Kingdom, as well as a Bachelor of Arts in Mass Communication from in Uganda. He is married and has four children.

30/03/2015

"Bottom line is, I didn't return to Apple to make a fortune. I've been very lucky in my life and already have one. When I was 25, my net worth was $100 million or so. I decided then that I wasn't going to let it ruin my life. There's no way you could ever spend it all, and I don't view wealth as something that validates my intelligence."

30/03/2015

"Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle. As with all matters of the heart, you'll know when you find it."

30/03/2015

MTN Uganda launches “Y’ello Rose”

has launched “Y’ello Rose”a vessel to connect influential Ugandan woman to the rest of the Ugandan Women by giving them the platform to inspire, coach and make a life-long difference. ( ) aimed at providing them with the right expertise to not only start up new business ventures but to also grow and sustain their current business to ensure optimum output and profitability. This program has over the years extended to Women in Business (WiB) as well.

This was disclosed over the weekend at Serena Hotel during the awarding ceremony to recognize outstanding Women in Business.