MUZIRA JOSHUA: Shilling at Record Lows: How Currency Weakness Is Squeezing Ugandan Households and Small Businesses

What the report says

Small businesses and households dominate Uganda’s economy, but as the shilling weakens each day, hitting record lows and depreciating by about 12% or more against the American Dollar, the cost of living is rising faster than expected. The weak Uganda shilling means imports arrive at high prices. As a growing economy, Uganda has industries that […] The post MUZIRA JOSHUA: Shilling at Record Lows: How Currency Weakness