Uganda's Coffee Trade Sees Significant Growth, Boosting Economy

Bizbooq

Bizbooq

October 20, 2024 · 1 min read
Uganda's Coffee Trade Sees Significant Growth, Boosting Economy

Uganda's coffee trade has experienced a notable surge in September 2024, with a 53.8% increase in exports compared to the same period last year. The East African country exported 532,212 60KG bags of coffee, generating a revenue of $144.7 million. This growth is significant for Uganda's economy, as coffee is the country's top export and a major source of foreign exchange earnings.

The top destinations for Uganda's coffee exports were Italy, Belgium, and Germany, with Europe continuing to be the largest market for Ugandan coffee. The growth in coffee exports is expected to have a positive impact on Uganda's economy, which generated $6.7 billion in export revenue in 2023, with 25.35% of that coming from coffee exports.

This news is significant for the tech and startup community as it highlights the importance of agriculture and trade in driving economic growth in Africa. The growth of Uganda's coffee trade also presents opportunities for startups and entrepreneurs in the agriculture and logistics sectors.

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