Manufacturing Sector in Uganda enduring a falling currency
Uganda’s local manufacturers registered significant growth especially in cosmetics and steel sectors in face of the country’s economic slowdown and falling currency.
With almost 90 percent of raw materials being imports and dollar being so expensive due to weak Ugandan shilling local, producers are finding businesses harder than usual.
During the 23rd International trade fair in Uganda with traders showing a variety of businesses and innovations, the traders also advised each other on how to stay afloat amidst the hard economy.