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July 6 (Bloomberg) -- Uganda’s shilling weakened for a second day as traders in the capital, Kampala, began a strike over the rising cost of living.
The currency of Africa’s second-biggest coffee producer fell 1.6 percent to 2,590 per dollar, bringing the loss for the continent’s worst-performing currency this year to 11 percent.
The Kampala City Traders Association said today it began a two-day strike over the increasing cost of doing business after meetings with the government aimed at ending the protest failed.
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