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.
President Yoweri Kaguta Museveni has officially commissioned the construction of the Kayunga–Bbaale–Galiraya Road, a transformative infrastructure project aimed at...
The $2.3 billion project, expected to take 42 months to complete, will revolutionize Uganda's transportation sector, reducing travel time and increasing efficiency.
In a statement released by the Ministry on Monday, September 2, 2024, they said that the suppliers ABS and Tumpeco have committed to airlifting new plates into the country by Wednesday, September 4, 2024
"Part of the problem with Africans is that they look at the Army as a job. The Army is not a job; it’s an obligation to defend your country. When you are defending your country, it’s not a job. Don’t bring careerism in the Army. You have an obligation to defend the country."