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.
“The agreement we have is fundamental. We have been faithful to our part of the agreement. That is the reason why the president invited me to try first,” Mao said.
The King of Tooro, Oyo Nyimba Kabamba Iguru Rukiidi IV, has celebrated his 29th coronation anniversary at his Royal Karuzika palace in Fort portal City in the Tooro region.