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.
According to Mukula, Uganda believes in the free and orderly movement of people, goods, services, and capital within the framework of regional laws and protocols, stating that it will continue to stand for the dignity of African brothers and sisters because Africa belongs to Africans.
Turning to security, Museveni argued that Africa's future strength will depend on political unity, saying individual countries may not have the capacity to compete globally in areas such as space and maritime security.
Under the new system, successfully registered foreign nationals will be issued Alien Identification Numbers (AINs) and Alien Identification Cards, which will serve as official identification documents for foreign residents in Uganda. The validity period of each card will correspond with the duration of the holder’s immigration permit or authorized stay.
The Speaker of Parliament, Rt. Hon. Anita Among, has officially flagged off the Uganda parliamentary sports team as they set off for Mombasa, Kenya, to participate in the 14th East African Community (EAC) Inter-Parliamentary Games.