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.
"Very many people have been arraigned in court on corruption charges but all these are pawns and just being used to be sacrificed. The main people to be charged and sent behind bars are Anita Annet Among, the former speaker and the Hon. Adolf Mwesige, the clerk to parliament who also happens to be the accounting officer at parliament and no single coin can be released without his knowledge. These two are the main culprits and we will all be happy if charged in court and then remanded for the massive corruption we have seen at parliament,” Olanya said.
The Commission, led by Chairperson Winnie Agnes Kabogoza-Musoke, presented its annual report for Financial Year 2023/24 and asked Parliament to increase its budget from the current Shs12.1 billion to UGX 21.8 billion to meet their targets.
In a kleptocracy, corrupt politicians enrich themselves secretly outside the rule of law, through kickbacks, bribes, and special favors from lobbyists and corporations, or they simply direct state funds to themselves and their associates.