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.
As Uganda searches for sustainable pathways toward industrial growth and youth employment, investments in electric mobility and manufacturing are increasingly becoming more than business ventures — they are emerging as tests of the country’s readiness for a modern, innovation-driven economy. Whether Gagan Gupta’s model succeeds may ultimately depend not only on investment capital, but on Uganda’s ability to build the infrastructure, accountability, and policy stability needed to turn economic ambition into measurable public impact
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.