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.
Citing U.S. data from 2024, she said IP-intensive industries generated $11.4 trillion in GDP, 44 percent of private-sector output, supported 65.8 million jobs, and accounted for more than 80 percent of commodity export value. Copyright-intensive sectors, including music, delivered the highest earnings premium, with workers earning 130 percent more than those in non-IP industries.
Payne, an English singer who rose to fame as a member of the pop boy band One Direction, made his debut as a singer in 2008 when he auditioned for the British television series, The X Factor.