Uganda's portfolio investment account deteriorated in the three months to July, with net outflows rising to $194 million from $75.6 million. Shutterstock
Uganda’s capital inflows are weakening largely as a result of offshore investment outflows on domestic debt securities, declining budget and project support loans and banks increasing their placements of deposits abroad, according to the Bank of Uganda (BoU).
Through its latest state of the economy report for September, BoU says while foreign direct investments (FDIs) have been strong other financial flows have weakened substantially and weighed on forex reserves.
