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.
“This is a place of sacrifice. The NRM is a party of sacrifice,” President Museveni said, warning against leaders who use public office for personal gain.
National Resistance Movement (NRM) presidential candidate President Yoweri Kaguta Museveni has issued a raft of development-focused directives while campaigning...
“When you invest in Uganda or any of the brother African countries, you have the assurance of this huge and growing market. We believe in win-win solutions to human problems. The population of Africa will be 2.5 billion people in the next 25 years. The population of Uganda will be 106 million people by that time,” he said.
Research indicates that land conflicts are a major issue in Uganda, affecting around 33-50% of landholders. With these conflicts, the social stability and economic development of the country can be threatened, as agriculture accounts for a large portion of the country's labor force and GDP. Over 90% of domestic disputes in Uganda are related to land conflicts.
The increase of Uganda’s per capita income from $898 to 1146 in 2024 and the increase of the Gross Domestic Product (GDP) from $16 to $20 in 2023—all these, including many others—resulted in Uganda being recognized by the IMF as one of the fastest-growing economies.
The newly appointed board, chaired by Dr. Robert Kyamanywa, faces the challenge of addressing rampant youth unemployment that has affected countless families across the country.