Tanna has revealed that exports of goods and services have increased by 204 per cent, from US$5.93 billion in 2022 to US$18.04 billion in 2026, driven by gold, coffee, cocoa, sugar, fish and manufactured products. Free Zone exports reached US$1.37 billion, while Foreign Direct Investment stood at approximately US$3.2 billion.
When the Uganda Revenue Authority (URA) aggressively enforces digital systems like EFRIS or increases implicit transaction levies on an economy already choked by a 4.1% inflation rate, it doesn’t create wealth but panic.