I think the best thing for you now is to hold, instead of loosing ur money, till the oil dollars start streaming in then you make ur kill.
I think apart from speculative attacks on the shilling The exploration and drilling companies are eating all the dollars in that country due to high salaries paid to the expatriates.
sample this.
Quote:Sunday Vision has learnt that 20 senior employees in Tullow Oil Uganda are paid in hard (foreign) currencies wired directly to their respective bank accounts.
Five managers — Andrew Oliver, Andy Demetriou, Henry De Jager, Hermanus Steyn and Mark Morley — are paid in dollars collectively close to $1,107,587 a year.
Christian Arndt, Cyril Guerin, Heiko Fuchs and Phillipe Bouzet earn their salaries in euros estimated at 409,000 Euros per annum.
The remaining 11 managers are paid in pound sterling and their total annual salaries are about £999,067. This list includes Glover, Mekie, Edward Flett, Feroze Shahid, James McGilvray, Kenneth Berry, Kevin Wilson, Kim Breakwell, Hughes, Roger Charles and Sajjad Gill.
I know that is small change but in a country that small I think the dollar is in high demand when you factor in other overheads that these companies pay in hard currencies given that most equipments have to be imported.
Tullow will commence a trial production next month Lets hope this will help the shilling.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3