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Remittances triple since 2005, but shrink as share of Uganda’s rapidly growing economy
Uganda’s economy gets a significant boost as remittances from its diaspora hit $1.42 billion (5.1 trillion shillings). Explore the growth, key sectors, and efforts to maximize these crucial inflows. KAMPALA, Uganda — Money sent home by Ugandans working abroad, a crucial lifeline for households, has surged threefold to $1.42 billion annually since 2005, yet the flows now account for a smaller percentage of Uganda’s dramatically larger economy, ac…
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Remittances triple since 2005, but shrink as share of Uganda’s rapidly growing economy
Uganda’s economy gets a significant boost as remittances from its diaspora hit $1.42 billion (5.1 trillion shillings). Explore the growth, key sectors, and efforts to maximize these crucial inflows. KAMPALA, Uganda — Money sent home by Ugandans working abroad, a crucial lifeline for households, has surged threefold to $1.42 billion annually since 2005, yet the flows now account for a smaller percentage of Uganda’s dramatically larger economy, ac…
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