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.
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.
Site works are expected to start immediately, while detailed engineering is scheduled for completion by March 2027. The terminal is expected to be commissioned by September 2028, within 24 months of the contract’s effective date.
The project has 22 of its planned 31 wells ready, with some extending more than seven kilometres underground. The wells are at different stages of completion and perforation, while pumping and flowback activities continue.
The proposed Tanga Regional Energy Hub will serve as a centre for petroleum storage, refining, logistics, trading and distribution, while complementing Uganda's planned 60,000-barrel-per-day Hoima refinery. It is also expected to strengthen regional energy security, expand fuel exports and boost cross-border trade throughout East and Central Africa.
The World Health Organization, Uganda is currently facing an outbreak of monkeypox, with the first cases confirmed in July 2024. As of early September, the country reported a total of 10 confirmed cases and 49 contacts under monitoring across various regions, including Kampala and several districts such as Kasese, Amuru, and Mayuge.