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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.

UTCL Receives Major Investment from UAE to Enhance Services

This partnership is expected to improve Uganda’s communication technology and enhance the quality of services available to the country with a population of over 46 million people. With this capital, UTCL seeks to ensure that it regains its foothold in the telecommunications industry, ultimately benefiting consumers and contributing to economic growth across the nation.

Ssuubi, the Metalic Box Legend Makes a Vast Return...

Henry Ssuubi’s optimistic future has not just begun after him attaining and being awarded a Bachelors of Science in...

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