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 said returnees are travelling aboard a special Uganda Airlines charter flight fully funded by the Government of Uganda, in what officials described as the first phase of a broader evacuation exercise.
Turning to security, Museveni argued that Africa's future strength will depend on political unity, saying individual countries may not have the capacity to compete globally in areas such as space and maritime security.