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 Uganda Bureau of Statistics (UBOS) has celebrated the release of the 2024 National Housing and Population Census final results within just four months, noting it as a new benchmark for efficiency.
The Presidential CEO Forum (PCF), an initiative, has urged more private investors to invest in Northern Uganda, stating that it has a lot of potential to contribute to the growth of the economy of Uganda.
The accounting officers of government ministries, departments, and agencies have been directed to ensure strict efficiency and timely accountability.
The...