Macro Analysis /

Ugandan shilling outperforms its East African peers in May

  • Inflation dynamics were in focus yesterday with May inflation data being released for Kenya and Uganda

  • Notwithstanding the broad-based decline in the dollar last month, East African FX was mixed in May

  • Lawmakers say Kenya is heading towards default unless the government revamps its debt

Kieran Siney
Kieran Siney

Head of African Markets

ETM Analytics
1 June 2021
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