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.
“We should work on three areas: working with the African Development Bank on constructing the Juba–Nimule road for business between the two countries, building the power line, and then also our two armies cooperating on securing the borders,” President Museveni said.
The President emphasised the need to ensure that economic growth translates into improved household incomes, citing government programmes such as Operation Wealth Creation and the Parish Development Model (PDM).
Bayiga proposed that the supplementary budget should be financed by cutting expenditure for State House, Defence, and the Office of the President, to prioritize food security and support to affected farmers.
The meeting was attended by ambassadors representing both permanent and non-permanent members of the United Nations Security Council, including Somalia, Denmark, the Democratic Republic of the Congo, Pakistan, Russia, the United Kingdom, France, the United States and other member states.
Museveni said Uganda is increasingly prioritising disease prevention over treatment through immunisation, improved nutrition, safe water, sanitation and community health programmes. He also highlighted the country's investment in traditional medicine research, calling for partnerships to commercialise locally developed medicines.
A total of 79 ministers took the oath of office before President Museveni at State House Entebbe as Uganda’s new Cabinet officially assumed office. Four appointees missed the ceremony due to citizenship concerns, while Janet Museveni was absent.
“The agreement we have is fundamental. We have been faithful to our part of the agreement. That is the reason why the president invited me to try first,” Mao said.