Uganda's gold exports overtake coffee earningsGold Bars [PHOTO:GETTY IMAGES]Uganda’s gold exports jumped 23 per cent last year compared to 2017, for the first time overtaking coffee as the East African country’s top foreign exchange earner, data from the central bank showed on Tuesday.The central Bank of Uganda said the country exported gold worth USD514 million last year, compared to USD418 million earned in 2017. Traditionally Uganda’s biggest export has been coffee. In 2018, coffee earnings stood at USD436 million, down 21 per cent from the previous year. A decade ago Uganda’s gold shipments stood at under USD10 million. These firms source for gold all over Africa, thus the increase in ... exports of gold,” he said.

Source: Standard Digital February 27, 2019 12:00 UTC