Shadrach Kolya

Skilled Financial and Markets Analyst | Writer | Managing Partner at Edge-Brookes Advisory

[Shadrach Kolya @shadkolya]

@MegafmGulu @GERALDREMMY2017 @tolit_ivan @OLARASAMUEL8 @Jlobalo @ChristopherOol3 Someone inform them that it's a free market/competition economy. Yalelo could even a bigger claim to operation because they are duly registered and pay higher rent and taxes.

[Shadrach Kolya @shadkolya]

@DuncanAbigaba The World Bank does not think $3 buys the same basket of goods in Kampala and New York. The $3 is a standard PPP-adjusted international poverty line designed to account for differences in purchasing power across countries. But your argument could be valid if well reconstructed.

[Shadrach Kolya @shadkolya]

@Kelele_ug This is what you get when you advocate for free education.

[Shadrach Kolya @shadkolya]

Another factor to watch is corporate dollar demand. As businesses increase purchases of USD for imports, fuel and external payments, this could keep additional pressure on the Shilling, particularly if inflows do not rise at the same pace.

[Shadrach Kolya @shadkolya]

The Shilling is trading around Shs3,930/$ as of 16 September, nearing the Shs4,000 psychological level.

Meanwhile, oil price (Brent Crude Futures @ $102) remain elevated amid renewed Middle East tensions, increasing pressure on Uganda’s fuel import bill and dollar demand.

[Shadrach Kolya @shadkolya]

@SpireJim There has been more corporate demand for the dollar in Uganda this month vis-a-vis less supply of the same. It's worsened by events in the middle east. Crude oil is priced at a high $102 and has risen by 18% thus more imported inflation and pressure on the shilling.

[Shadrach Kolya @shadkolya]

@KayanjaMp @FabrizioRomano Pep?

[Shadrach Kolya @shadkolya]

@HakiimsWampamba Thank you sir. Very soon!

[Shadrach Kolya @shadkolya]

@KickDetox Continue consoling yourself

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[Edge-Brookes Advisory @edgebadvisory]

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[Shadrach Kolya @shadkolya]

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[Shadrach Kolya @shadkolya]

@willCITY__ Ifb

[Shadrach Kolya @shadkolya]

@deserve256 @nemvicx @Johnblanshe_m Defamation on the premise of authentic documents? 😂

[Shadrach Kolya @shadkolya]

@RupareliaSudhi You've really milked this account