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@chimpreports Thu, 29 Feb 2024 07:55:22

Uganda’s Debt Rises by Shs 3.8 Trillion as Shilling Depreciates

Uganda’s external debt has risen by a staggering 3.5 trillion after the shilling depreciated against the dollar on Wednesday. In June 2023, Uganda’s external public debt was USD 14.23 billion. “With USD vs. UGX moving from Shs 3,700 then to Shs 3,970 today (Wednesday), it means the shilling equivalent of external debt has increased dramatically …

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