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Gold sees value of Uganda’s imports from Tanzania soar

A report by the Ministry of Finance indicates that Uganda now sources more imports from Tanzania than any other East African Community (EAC) member state.

In details contained in the June Performance of the Economy report, the Ministry of Finance indicates that during the 12 months to May, 83.9 percent of Uganda’s imports sourced from within EAC were from Tanzania, making it the country’s biggest source of imports in the region.

During the period, the report indicates, out of the $532m (Shs1.9 trillion) worth of imports sourced from within East Africa, $446.7m Shs1.6 trillion) were sourced from Tanzania, primarily due to a sustained increase in gold and rice imports.

However, the report doesn’t indicate how much gold Uganda imported from Tanzania.

Kenya has for years been Uganda’s largest source of imports within East Africa. However, the increase in gold imports, which was first recorded in 2021, now places Tanzania ahead of Kenya in terms of import sources.

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