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.
Mace said the United States is supportive of Vietnam’s plans to host APEC in 2027 and sees the year as an opportunity to deepen economic ties in Southeast Asia. Ongoing U.S. priorities include expanding energy exports and American AI and digital technologies.
Another turning point came in 1986 when Yoweri Kaguta Museveni’s National Resistance Army captured power. Ali negotiated a peace agreement that saw UNRF fighters integrated into the national army. Returning from exile as a Major General, he began a new political journey that lasted nearly four decades under the National Resistance Movement.
"The prosperity of any nation begins with markets. Uganda Connect International Buyers Week is our deliberate strategy to bring verified international buyers to Uganda, allowing them to experience our products, meet our producers, and build a long-term commercial relationship. We are moving away from speculative trade towards demand that creates sustainable jobs, attracts investment and grows household income,” Rwabwogo said.
The program includes a Declaration of Principles that highlights national sovereignty and shared economic gains. It seeks to promote business partnerships and support conditions that attract investment across different regions, initially focusing on the Western Hemisphere.