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Ugandan shilling steady as commercial banks’ panic buying slows

Comments (0) Africa, Business, Latest Updates from Reuters

KAMPALA (Reuters) – The Ugandan shilling was stable on Wednesday as a recent panic purchase of dollars by commercial banks subsided after a central bank intervention on the sell side earlier in the week and subdued demand among corporate clients.

At 1002 GMT commercial banks quoted the shilling at 3,400/3,410, little changed from Tuesday’s close of 3,405/3,415.



(Reporting by Elias Biryabarema; Editing by George Obulutsa)

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Ugandan police arrest opposition leader Besigye, fire teargas

Comments (0) Africa, Latest Updates from Reuters, Politics

KAMPALA (Reuters) – Ugandan police on Monday arrested opposition leader Kizza Besigye and fired teargas to disperse hundreds of his supporters in capital Kampala, a witness said, in a move likely to stoke tensions ahead of Thursday’s presidential election.

Besigye was arrested after the police asked him and his supporters to use a different route during their march into central Kampala, according to a witness at the rally.

“They wanted him to use another road which was far away from where he wanted to go. Police then started firing teargas and arrested (Besigye) with two other opposition leaders,” said the witness.


(Writing by Drazen Jorgic; Editing by Toby Chopra)

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