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 letter falsely claimed that the President had directed the Minister to renew Nation Oil Distributors Limited’s contract to continue managing MV Kalangala for another 15 years. Male allegedly delivered the forged letter to the Ministry of Works and Transport, the Ministry of Justice and Constitutional Affairs, and the offices of Nation Oil Distributors Limited in Ndeba,” SHACU said.
The $2.3 billion project, expected to take 42 months to complete, will revolutionize Uganda's transportation sector, reducing travel time and increasing efficiency.
In April 2024, Karuma Bridge was temporarily closed to heavy vehicles after an assessment established defects on its structures. The government has since contracted National Enterprise Corporation (NEC) and China Seventh Railway Group to repair the defects.
In a statement released by the Ministry on Monday, September 2, 2024, they said that the suppliers ABS and Tumpeco have committed to airlifting new plates into the country by Wednesday, September 4, 2024
King Mswati III of Eswatini, Swazland has made an honorable visit to the Busoga Kingdom, where he was welcomed by Kyabazinga King Nadiope IV and his wife, Inhebantu of Busoga, Jovia Mutesi.