Gov’t to issue corporate bonds to fund state-owned enterprises
Government is exploring plans to issue corporate bonds in the upcoming financial year as a strategy to raise capital for state-owned enterprises, and to rejuvenate the country’s underperforming corporate bond market. The proposal, however, faces significant hurdles, chief among them being the lack of credit ratings for most state enterprises,
Ugandan Shilling Stabilizes Amid Balanced Market Activity and Central Bank Intervention
The Ugandan shilling maintained a stable trading range between 3660 and 3675, supported by subdued and balanced market activity. This stability follows a significant market correction from last week’s local unit lows of 3730/3740, and a gradual appreciation that closed the week at 3660/3670. The Bank of Uganda intervened in
