Kagame Closed the Common Border with Uganda in 2019 – UGX is the Best Performing Currency in EAC and 3rd Best in Africa while FRW is Collapsing

By David Himbara

General Paul Kagame is not pleased with the news from neighbouring Uganda. First, the Ugandan military is currently involved in joint military operations with its Democratic Republic of Congo (DRC) counterpart in pacifying the eastern DRC that is normally Kagame’s playground. Second, the Ugandan government is currently building roads in DRC to promote trade in an effort to recover from the Kagame damage of shutting the common border with Uganda in 2019. And now, it is widely reported that the Uganda shilling is the best performing currency in East Africa against the dollar, whereas the Rwandan franc is the worst-performing currency in the region. Meanwhile, Uganda’s shilling is Africa’s third-best performing currency in 2021. Closing a border in the 21st century is costly – Stay tuned.

 

About Chris Kamo

Great Lakes Post is a news aggregation website run by Chris Kamo and the site consists of links to stories for from all over the world about life and current events .

View all posts by Chris Kamo