Business

Uganda’s Shilling Has Lost a Fifth of Its Value This Year. Here’s What the Government Plans to Do About It.

Uganda’s currency has taken a serious beating in 2026, sliding from Shs 3,604 to around Shs 4,500 per US dollar in just seven months. Finance Minister Henry Musasizi has gone before Parliament with a plan, and it starts with the government tightening its own belt. The question is whether that will be enough.