Tag: U.S. President Donald Trump

Bank of Uganda Battles Global Economic Storm to Protect the Shilling 

Business
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.

NUP’S Charles Matovu Passes on after Short Illness

National News
"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.
Agriculture

How Global Oil Surge Hits Ugandan Consumer

UNOC’s bulk procurement system and strategic fuel reserves provide some protection against sudden supply disruptions. The company is responsible for bulk petroleum imports and has a mandate to manage storage facilities and strategic reserves, measures intended to strengthen Uganda’s security of supply. However, strategic reserves cannot repeal the laws of the global oil market. If international crude prices remain elevated, the cost of replacing imported fuel eventually rises. Storage can provide breathing room but it cannot permanently insulate Uganda from international prices.
National News

Museveni Pushes U.S to Back Africa’s Industrial Growth

United States looks forward to strengthening long-standing relations with Uganda in trade, investment and regional security cooperation.
International

Nigeria insurgency: Nearly 400 sentenced for links to Boko...

Source BBC| Nearly 400 people have been sentenced in Nigeria for links with militant Islamic groups following mass trials. The...
International

US Immigration System on Hold as Trump Imposes Nationwide...

U.S. President Donald Trump has unveiled one of the most sweeping immigration actions of his administration, announcing a nationwide...
International

Trump Misses Out on Nobel Peace Prize, Venezuela Politician...

The Norwegian Nobel Committee has awarded the 2025 Nobel Peace Prize to María Corina Machado, a leading Venezuelan opposition...
International

Trump Issues New Travel Ban Targeting African and Middle...

U.S President Donald Trump signed a new executive order on Wednesday, June 4, 2025, instituting a travel ban on...
International

Hamas, Israel Resume Ceasefire Talks in Doha

Ceasefire negotiations between Israel and Hamas resumed Wednesday in Doha, Qatar, even as Israeli airstrikes continued to pound Gaza,...

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