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.
“Real estate and the law must work hand in hand. Building on a solid legal foundation is what allows investment to prosper and the sector to grow,” Nabakooba noted.
The sensitization meeting’s objectives included raising awareness, promoting healthy practices, engaging stakeholders, and fostering community support by building a supportive environment for those seeking to quit smoking.
The directive aims to protect consumers from predatory lending practices and ensure that borrowing remains accessible and fair. By establishing a clear interest rate cap, the government seeks to foster a more equitable and fair financial environment for individuals seeking loans.
At the beginning of October 2024, several evictees returned and started setting up camp-like settlements and makeshift structures, insisting not to leave the wetland till they are compensated, despite several warnings from NEMA.
Uganda police continues to issue a warning to the public to desist from quick money by running to accidents involving trucks carrying products that are inflammable in order to avoid cases of death caused by blasts or fire explosions.