KAMPALA: The Ugandan shilling was a touch weaker on Friday amid expectations of higher demand for dollars from importers in the telecommunications and energy sectors.
At 0911 GMT, commercial banks quoted the shilling at 2,625/2,635, a tad down from Thursday's close of 2,620/2,630.
"There's anticipation of significant demand for dollars from telecommunication and energy corporates," said Faisal Bukenya, head of market making at Barclays Bank.
The shilling, which has been under pressure in recent weeks from the suspension of aid by some foreign countries over an anti-gay law enacted earlier this year, is 4 percent down against the greenback in the year to date.
The US and other major western donors have cut or withheld aid to Uganda to protest against the law, which calls for lengthy jail sentences for a range of gay sex offences.
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