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 President is of the view and has guided that we should not subject the pay of medical workers to tax the way it is done to the soldiers and other armed forces,” Baryomunsi said.
A total of 79 ministers took the oath of office before President Museveni at State House Entebbe as Uganda’s new Cabinet officially assumed office. Four appointees missed the ceremony due to citizenship concerns, while Janet Museveni was absent.