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.
Uganda Airlines has expanded its fleet with the arrival of the first of two Boeing 737-800 aircraft acquired under a wet-lease partnership with Ethiopian Airlines as the national carrier moves to boost capacity, reliability, and regional connectivity.
Uganda Airlines has announced a new interline agreement with Airlink, Southern Africa’s leading private airline, significantly enhancing travel connectivity...