Is the shilling too strong to boost Ugandan exports?

In 2024, the Ugandan shilling remained relatively stable, showing a slight bias toward appreciation. The stability was supported by continued inflows from coffee exports, remittances, portfolio investments and foreign direct investment (FDI), which supported demand for foreign currency and mitigated pressure on the exchange rate.

PREMIUM Business

Farmers examining coffee cherries in a garden. Experts say a retracement in coffee prices could be a significant risk to the economy in the coming two years

Ali Twaha

Journalist @New Vision