Inflows from Ugandans abroad rose to $1.4 billion (about Shs5 trillion), surpassing traditional earners like tourism and coffee, and reinforcing the growing importance of diaspora remittances to Uganda’s economy. However, this figure still falls short of the country’s potential. The Uganda Bankers’ Association (UBA) believes remittances can grow tenfold to $14 billion (Shs50 trillion) over […]
