As the political temperature continues to rise in the run up to the 2016 general elections, many business players are pessimistic that the shilling will depreciate further as was the case in 2011.
In 2011 inflation hit double digits up to 30% due to increased government expenditure on electoral activities.
However the Governor Bank of Uganda Emmanuel Mutebile has assured the public that the mistakes committed during the 2011 elections will not be repeated in 2016.
