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.
"The prosperity of any nation begins with markets. Uganda Connect International Buyers Week is our deliberate strategy to bring verified international buyers to Uganda, allowing them to experience our products, meet our producers, and build a long-term commercial relationship. We are moving away from speculative trade towards demand that creates sustainable jobs, attracts investment and grows household income,” Rwabwogo said.
The program includes a Declaration of Principles that highlights national sovereignty and shared economic gains. It seeks to promote business partnerships and support conditions that attract investment across different regions, initially focusing on the Western Hemisphere.
“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.