Figures released by the Ministry of Finance, Planning and Economic Development, indicated a range of export products continue to suffer from the effects of COVID-19.
Export earnings hit to $207.15m in April, down from $315.52m in March 2020. Coffee, one of Uganda’s leading exports by 19.5%, fetching the country only $36.9m in April from $45.8m in March.
COVID-19 lockdowns by governments left several business hubs, hotels and restaurants empty.
According to economic experts at PwC: “China is a major market for Uganda coffee and Uganda was to be the portrait country at this year’s Expo. This was going to give our country a great opportunity for increased awareness, visibility and market penetration in the China and Asia Pacific speciality coffee market.”