Uganda’s export earnings surged in October, nearly doubling from a year earlier as higher global prices lifted revenues from key commodities. According to the finance ministry, merchant goods exports climbed to $1.5 billion, up sharply from about $770 million in October 2024. Coffee played a central role, with Uganda—Africa’s largest exporter—benefiting from sustained price gains on the global market. Gold receipts rose even faster, more than tripling year-on-year to nearly $965 million, buoyed by strong safe-haven demand and a weaker US dollar. Together, these high-value exports propelled the East African nation to its record export earnings for October, highlighting how favorable international markets are strengthening its trade position.
CNBC Africa
