weakens, policy rate cut eyed
Ugandan shilling weakens, policy rate cut eyed
Shilling fell slightly on Tuesday, weakened by dollar demand from commercial banks and growing expectations the central bank will cut its policy rate again after inflation fell further in December.
share trading upgrades to electronic system
Cross-border share trading upgrades to electronic system
An inter-depository transfer system that allows for the electronic transfer of cross-listed securities is expected to go live on Monday, in a move that will cut down the time it takes to move assets from one country to another.
CDSC to launch short selling, day trading
Kenya’s CDSC to launch short selling, day trading
Kenya’s Central Depository and Settlement Corporation (CDSC) is working on a raft of reforms meant to ease trading at the Nairobi bourse.