Ugandan shilling flat as election uncertainity subdues economic activity

February 19, 2016 11:35 AM

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KAMPALA, Feb 19 The Ugandan shilling was stable on Friday on the back of subdued economic activity as a lot of businesses in the capital remained closed amid fears of post-election chaos.

At 1041 GMT commercial banks quoted the shilling at 3,420/3,430, unchanged from Wednesday's close. The markets were closed on Thursday as the country held a presidential election in which president Yoweri Museveni is seeking to extend his 30-year grip on power. "Most businesses are still closed beca...

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