What a dollar above sh4,000 means for you

“For a large company, that can mean higher working capital requirements. For a smaller business, it may mean increasing prices, delaying an order or borrowing more money. Eventually, part of that additional cost can reach the consumer through more expensive machinery, medicine, spare parts, building materials and other imported goods.” If these businesses pass on higher import costs, prices in the market rise. That squeezes household budgets even for people who never touch a dollar.

Deputy Speaker Thomas Tayebwa directed the ministers of finance and energy to provide Parliament with a statement on the concerns.