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Bank of Uganda Battles Global Economic Storm to Protect the Shilling
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.
NUP’S Charles Matovu Passes on after Short Illness
"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.
UETCL Breaks Ground on 400kV Karuma–Tororo Transmission Line
Sweden’s Ambassador to Uganda, H.E. Anna-Maria Olsson, celebrated the decade-long partnership between Uganda and Sweden in developing critical electricity transmission infrastructure.
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