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 government of Uganda is well conversant that coffee is a critical part of the economy, and its importance is growing with over 1.8 million households growing coffee, which contributes nearly a third of the country's export earnings, paying for critical infrastructure like roads, hospitals, and schools.
The Katikkiro’s response gives Buganda’s opinion on the debate over the UCDA amendment bill, which has sparked a broader conversation about the relationship between the central government and Buganda, as well as the implications of the bill for Uganda’s vital coffee sector.
The National Coffee (Amendment) Bill, 2024, will be carried on to the Bills Committee stage for clause-by-clause scrutiny after 159 members voted in its favor against 77 opposing members.
On the day of the coronation, Kyagulanyi and his team were seen in the Bugisu subregion, where he met with the Bamasaba cultural leader in Mbale just a few days before the beginning of this year's Mbalu festival, a key event among the Bamasaba people of eastern Uganda.