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 Museveni has used his inauguration address to push for industrialisation, value addition, and skills-based economic transformation, warning that Africa cannot achieve sustainable prosperity while exporting raw materials and importing finished products.
Beyond the political symbolism of another presidential swearing-in, Museveni’s “Kisanja No Sleep” message signals a strategic shift toward household-level economic participation, placing wealth creation, productivity, and regional market integration at the center of Uganda’s next development phase.
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.
With the budget strategy for Financial Year 2025/2026 looking at strengthening economic growth, tourism development is seen as one of the major sectors to be boasted in order to achieve accelerated growth.
the National Development Plan IV (NDP IV) will enhance the government's commitment to eradicating poverty through enormous industrialization that will also focus on job creation.