Uganda Coffee Exports Hit Record $2.2 Billion Revenue
The Story
Uganda's coffee sector has hit an unprecedented milestone, earning the country about $2.2 billion (Shs8.2 trillion) in export revenues last year. This is the highest return ever recorded from the crop. The information was provided by the Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi. Ggoobi said the strong coffee performance reflects a broader surge in Uganda's export earnings, which have reached a historic high.
Perspective
According to the Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, the strong coffee performance reflects a broader surge in Uganda's export earnings. The report from PML Daily highlights this as an unprecedented milestone for Uganda's coffee sector, noting it is the highest return ever recorded from the crop.
Why This Matters
This record income from coffee exports represents a significant achievement for Uganda's agricultural sector and national economy. The revenue contributes directly to the country's historic high in overall export earnings, bringing foreign currency into the economy.
What's Next
The source articles do not mention any specific future events, plans, or next steps related to this development.