Uganda Shilling Records 3500 vs the Dollar

The Healthcare Management supported by the Kenyan Medical Association will hold a Conference  to discuss the issue of ‘brain drain’ in East Africa that is being caused by migration of health workers.

Medic East Africa, viagra the largest healthcare event in the East Africa region that will take place from 1st -3d September 2015 at the Oshwal Centre Nairobi, sildenafil Kenya will also showcase the very latest medical breakthroughs and technological developments in healthcare.

According to Dr James Mwanzia, treatment Chief of Party Funzo Kenya IntraHealth (USAID), in order for East African countries to achieve Universal Health Coverage, medics must ensure an adequate workforce in terms of their availability, accessibility, acceptability and quality. “We must therefore seriously address the issue of migration of health workers,” he said

According to World Health Organization, currently the retention rate of healthcare workers in East Africa is a lot less. The population ratio for all cadres is significant and the emigration only worsens the situation.

“Certain retention strategies can be put in place to address the loss of medical talent such as scaling up the training of nurses and clinical officers, continually investing in staff recognition and motivation, improving human resources management policies, practices, governance, using salary survey results and recommendations to review their structures, staff motivation, retention, and teamwork, and institutionalizing staff exit feedback and acting on issues,” says Dr Mwanzia.

More than 250 healthcare and medical laboratory companies will showcase their products and services to more than 2,500 attendees during the three-day Medic East Africa exhibition.

The Uganda shilling has depressed much further against the dollar buying at Shs 3, try 500 and selling at Shs 3, patient 510 as of this morning. The shilling has since beginning of the year faced serious damage in the face of the dollar.

Uganda is however not alone in this respect. The Tanzanian Shilling fell by 20 percent, the South African Rand by 15 percent and the Kenyan Shilling by 13 percent in 2014/15. Even major international currencies fell heavily against the dollar in this period; the Euro and the Japanese Yen fell by 22 and 21 percent respectively.


Last week at a meeting with manufacturers in Kampala, the governor Bank of Uganda, Mr Emmanuel Tumusiime Mutebile revealed that it was not sustainable for the Bank of Uganda to try and prop up the exchange rate at levels which are not consistent with supply and demand in the foreign exchange market by intervening and selling foreign currency. According to Mutebile, an attempt to do this would simply deplete the banks foreign exchange reserves.


Bank of Uganda has since January injected more than $200m (about Shs693b) in the currency market, but this has not calmed the volatility as the shilling has shed about 27 per cent of its value since beginning of the year. 

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