00:00Uganda's export earnings surged in October, nearly doubling to $1.5 billion compared with the same period last year, according to official figures.
00:12The sharp increase was largely driven by strong performances in coffee and gold exports.
00:18Coffee, Uganda's leading export and a key source of foreign exchange, continued to benefit from favorable global prices and rise in shipment volumes.
00:28Over the past year, coffee earnings have hit record levels with Europe, remaining the main destination for Ugandan beans.
00:37Gold export also made a significant contribution to the October gains.
00:43Revenues from gold more than triple year-on-year reflected higher export volumes and firm international prices for the precious metal.
Comments