Uganda buys far more from foreign countries than it sells abroad, creating a massive $4.6 billion trade gap. Because international sellers only accept US dollars, local traders are constantly scrambling to buy greenbacks, driving the dollar’s value up and shilling down.
"It is very sad to learn of the death of our brother Hon. Charles Matovu, former Member of Parliament for Busiro South, who passed on yesterday. Hon. Matovu represented his people with vigor and utmost dedication in the 11th Parliament. He was a member of the Parliamentary football team, where his tremendous contribution led us to dominate the East African Parliamentary games. My condolences go out to his family, the people of Busiro South, and the country at large. May he rest in eternal peace., Tayebwa said.
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Javier Milei, a far-right libertarian and a former television star has been elected President of Argentina, defeating Sergio Massa, a former Minister in the...
Liberian President George Weah has conceded defeat after provisional results of Friday, November 17, 2023, from the week’s runoff vote showed that Joseph Boakai...
The State Minister for Tourism, Wildlife, and Antiquities, Hon. Martin Mugarra Bahinduka, has encouraged tourists to come to Uganda because it is safe, contrary...