Diaspora inflows may help Uganda shilling

LONDON, Dec 15 – Kenya’s and Uganda’s shillings are likely to strengthen next week due to waning demand for dollars as the year comes to a close. The Ugandan shilling may also be helped by foreign currency inflows from the diaspora.

AFRICA FX WEEKAHEAD-E.Africa shillings to firm vs dollar

NAIROBI, Dec 8 – East Africa’s shillings are likely to firm next week, continuing their bounce from record lows against the dollar over the last few months, as monetary tightening takes effect and dollar-consuming businesses wind down towards the end of the year.