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.
This scenario did not stop with Ssemwenge or Obote and Amin’s time, but has stretch to the current as some musicians have decided to copy the old. Recently on August 12th, 2026, a locally known musician alias King Saha had an altercation with the security forces in Kampala after unlawfully holding a political rally at the city centre in pretence of rallying people for his upcoming music concert scheduled at Kololo Independence Grounds on August 14th, 2026.
In an equitable society, everyone should have equal access to these government institutions to allow equal competition but to also limit interference with these institutions.
Kampala City traders have since pushed the quest to meet President Museveni to express their discontent; however, their efforts have remained futile after Museveni postponed the meeting to unknown dates. The traders want President Museveni to halt the Chinese dominance of the economy and use of EFRIS, among others.
The Uganda People’s Congress (UPC) spokesperson, Arach Sharon Oyat, has asked all key stakeholders in the coming 2026 elections to maintain peace and remain calm.
Uganda People’s Congress (UPC) Party spokesperson Arach Sharon has confirmed that the UPC party President Jimmy Akena will be contesting for the presidency of Uganda come 2026.
The Independent Electoral Commission released the 2025/26 election roadmap, with its first activity being the demarcation of electoral areas and organizing polling stations that started on July 30, 2024.