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 success of the Tenfold Growth Strategy, therefore, will not be measured by GDP figures alone. It will be seen in the number of businesses that grow, the industries that emerge, the products Uganda is able to export, the farmers who gain access to better markets and the jobs created for the country’s workforce.
“Now, every time the Budget is read, we hear just increments of taxes on most consumable products such as alcohol, and sugar, among others. How would you expect me to listen to something that bothers me more? The President should instead downsize the district security structures where people are fond of playing the same roles,” Kayiira said.
“He delivered a personal memoir that begins in 1959, when he visited a stock farm as a Primary Seven pupil, compared milk production figures from 1986, recounted bus fares from 1967 from Rushere to Katongore, and described sleeping next to sheaves of millet in Naama. This is an autobiography,” Centenary said.