Uganda: ‘Bad’ Economy – Where Are the Opportunities?

Uganda: 'Bad' Economy - Where Are the Opportunities?

Ms Rehema Kimuli is a ginger – a hot, fragrant spice made from the rhizome of a plant – trader. Ginger is a hot cake for those who grow and trade in it.

In a good year, Kimuli says she smiles all the way to the bank.

“A bag of ginger can go up to Shs600, 000 ($166) and if the season is good, the earnings are really worthy,” Ms Kimuli shares.

However, last year’s prolonged drought affected Ms Kimuli’s business and she expects fewer supplies judging from the feedback she gets from the farmers.

One would think Ms Kimuli is going to sit and wait for a good season but this is not the case.

She said: “I have resorted to trading in seasonal crops such as beans. The reason is because the demand is big at the local market as well as the regional market.” Commodities trading Trading agricultural commodities appears to be one of the profitable ventures in the economy at the moment. The drought conditions in the country have ravaged the food production and created a supply problem. Crop failure has been reported right across the country. The presence of the army worm has also destroyed several crops. 

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