Uganda inflation hits 3-year high as shilling crisis threatens Kenya’s Ksh162B export market

Uganda’s inflation surge to a three-year high is raising fresh concerns for Kenyan manufacturers and exporters, with the weakening Ugandan shilling threatening to undermine purchasing power in Kenya’s largest export market in Africa.Consumer prices in Uganda rose by 5.8 per cent in October, up from 4.6 per cent in September, as food and energy costs increased, according to the Uganda Bureau of Statistics (UBOS).