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.
Private Sector Foundation Uganda (PSFU) is Uganda’s apex body for the private sector, made up of 300 business associations, corporate bodies, and the major public sector agencies that support private sector growth.
The Minister for Gender Labour and Social Development (MGLSD), Betty Amongi Ongom, has clarified that the Grow Loan Enterprise for women under the MGLSD and Private Sector Foundation Uganda (PSFU) is not money meant for startup businesses but rather money to grow already existing businesses.
The government of Uganda, with support from the World Bank, has launched the GROW project, financed by a grant from the World Bank worth USD 217 million, to boost women enterprises.