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 Museveni’s focus on agriculture as a pillar of Uganda’s economy has yielded significant gains; however, sustained progress depends on embracing government programs like the Parish Development Model (PDM) and leveraging available resources to enhance productivity. With collective effort, Uganda’s vision of becoming a middle-income country is within reach, driven by a thriving agricultural sector.
Parliament has granted leave to Charles Onen, the Gulu East Member of Parliament, to present a private member's bill to enact a law on the National Transitional Justice System, which seeks to provide a platform for reconciliation and accountability when national conflicts occur.