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.
According to the Premier League, some sponsorship payments were partly funded by ADUG but were recorded as commercial revenue generated by Manchester City. The commission also found that other arrangements were used to reduce the club’s reported expenses.
The Premier League trophy, which has eluded Arsenal for 22 years and which City have dominated in recent seasons, now remains within touching distance for the Gunners, yet the champions continue to refuse surrender.
The citizens’ winning crisis leaves them eight points behind Premier League leaders Liverpool, following their 3-2 win at Southampton on Sunday, November 24, 2024.