Close-up of ripe cocoa pods from Cameroon, highlighting sustainable farming practices for global chocolate markets.
Uganda recorded a sharp rise in export earnings in February, driven by strong performances in gold and coffee shipments. Export revenues climbed 66.8% year-on-year to $1.4 billion, up from $839.3 million in the same period last year, reflecting both higher volumes and favorable global prices. As Africa’s leading coffee exporter, Uganda continues to benefit from steady demand, while its growing role as a gold processor and exporter is adding momentum. The surge in gold earnings was fueled by rising global prices, as investors turned to the metal as a safe-haven asset amid geopolitical tensions. This growth underscores the country’s growing role as a regional economic player, even as it navigates the volatile global commodities market.
CNBC Africa