Tag: Inflation

The kidnappers held her captive for nearly three weeks, demanding up to $1 million before accepting about $200,000 (approximately UGX 700 million). During her captivity, they cut off two of her fingers and sent them alongside a video of her pleading for help to pressure her family into paying the ransom.
Akena referred to historical statements by President Museveni acknowledging the destruction of food supplies and the destitution of about 2.7 million people during that period. He argued that the loss of cattle deprived communities of daily nutrition, household income, school fees, draft power, and soil fertility, leaving effects that continue to be felt today.

Masaka Coffee Farmers Decry Rampant Theft amid Inflation

The situation in Buwunga highlights a broader trend affecting coffee farmers across Uganda, where rising prices have made coffee not just a valuable crop but also a target for crime.

Ambassador General Balya Calls Upon Ugandans in S. Sudan...

The government has over the years attracted huge foreign direct investments to the economy, which has led the GDP to grow very fast with inflation being at single-digit 3%, which is a sign of a stable economy.

Former TV Star Wins Argentina’s Presidential Elections

Javier Milei, a far-right libertarian and a former television star has been elected President of Argentina, defeating Sergio Massa,...

BOU Maintains CBR at 9.5% for October, Predicts Economic...

The Bank of Uganda’s monetary policy committee has maintained lending rates at 9.5 percent for the month of October. According...

Recent articles

spot_img