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.
To the Smart Life Flexi launch, NSSF is integrating educational programs designed to enhance financial literacy among the people of Uganda. These programs will be focusing on personal finance, including management, retirement, and investments, and ultimately empowering individuals with the knowledge they need to make informed financial decisions.
The past serving Army commander and the President for the Alliance for National Transformation (ANT), General Mugisha Muntu, has on some occasions asked General Muhoozi to retire from the army if he is to engage in politics.
As the senior officers embark on this significant transition, they are encouraged to embrace the opportunities that retirement brings, contributing positively to their communities and ensuring a prosperous future.