Uganda Witnesses Surge in Remittance Inflows
International News
April 9, 2024
As remittance inflows to Uganda surge, individuals like student Mohammed Faye are experiencing the direct impact of this financial phenomenon. Jane Nalunga, Executive Director of the Southern and Eastern Africa Trade Information and Negotiations Institute, highlights the significance of this trend for the country's economy. The increased remittances indicate growing financial support from Ugandans abroad, potentially boosting investment and consumption within the country.