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 new system is expected to reduce the distance residents travel in search of water, improve school attendance and retention, and reduce the risks faced by women and girls who often travel long distances to collect water.
Uganda’s imports from the East African Community region decreased by 2.8% to USD 264.10 million in September 2024, down from USD 271.62 million the previous month. Exports to the region also declined by 1.0% from USD 197.23 million to USD 195.22 million over the same period.
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.
The primary objectives of the consultative workshops include providing feedback on issues raised during last year's budget consultations, discussions about the budget strategy for FY 2025/26, and discussions about the strategic direction of the NDP4, the 10-fold growth strategy, and how this will translate into local economic growth.