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Day: June 17, 2022

Afreximbank: Risks to Africa’s Growth Outlook

June 17, 2022June 18, 2022 admin

After showing resilience during the COVID-19 pandemic and in the face of rising geopolitical tensions, Africa’s growth is expected to accelerate further in the near term.

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Analysis, Insights, NewsAfrica Growth Projections, Afrieximbank, Geopolitical risksLeave a comment

US Interest Tightening Expected To Weaken Uganda Shilling

June 17, 2022June 17, 2022 admin

The US central bank recently announced its biggest interest rate increase in more than two decades in a bid to intensify its fight against inflation. 

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Insights, NewsABSA Bank Uganda, Absa Post Budget, Inflation in Uganda, Mumba Kalifungwa, Stephen Kaboyo, Uganda shilling, US FedLeave a comment

EXCHANGE RATES

CURRENCY BUYING SELLING
USD3,7323,742
GBP4,6644,676
EUR3,9813,992
KES31.9332.01
TZS1.61.6
ZAR240240

PRIME LENDING RATES AS AT JANUARY 1, 2022

Stanbic Bank15.5%
Centenary Bank20%
Standard Chartered 18.3%
Absa Bank17%
Diamond Trust16%
Equity 20.5%
KCB Bank21%
Dfcu Bank20%
Baroda19%
Housing Finance 20.5%

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