Uganda: Mulago in $6m Loss Due to Shilling Depreciation

Mulago National Referral Hospital has made a loss of $6 million (about Shs21.5 billion) due to the depreciation of the Shilling against the dollar in the recent years.

This means that per every dollar, the hospital made a loss of about Shs1,300, which leaves the hospital in a deficit to have all the facilities and the equipment of the two hospitals completed.

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