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 three former KCCA bosses were arrested and caged on Wednesday, October 16, 2024, following summons to appear at the CID headquarters in Kibuli, Kampala, for questioning in relation to the August 10, 2024, Kiteezi landfill disaster.
President Yoweri Kaguta Museveni fired Kisaka, together with other top KCCA officials on September 24, 2024, following an Inspector General of Government’s (IGG) report on the Kiteezi landfill disaster.
"The accused forged share certificates from MTN, the World Bank, and letters purported to be from the late and the Catholic Church showing that the bishop had shares in the World Bank, MTN, Ford Motors, and several petrol stations, which was not true."