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.
Born in Prestatyn, Wales, on May 31, 1938, to a railway signalman and a domestic helper, Prescott left school at the age of 15 to work as a trainee chef and then as a steward on the Cunard Line before entering politics.
Makerere University Guild President, Vincent Lubega Nsamba, has asked HE Yoweri Kaguta Museveni to regularly visit the university to provide ideological guidance to the students.