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.
Recent reports indicate a troubling surge in violence linked to land disputes in Bukomansimbi and surrounding areas, particularly in Greater Masaka. Police recently reported that between July 22 and August 23, 2024, at least 15 people had been killed in attacks attributed to land conflicts, with many incidents occurring in Bukomansimbi, Lwengo, and Masaka districts.
The government has emphasized its commitment to address terrorism and violet extremism, underscoring the crucial role of peace, security, and defense in achieving sustainable economic development and national unity.