Tag: uganda

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.

UETCL Breaks Ground on 400kV Karuma–Tororo Transmission Line

Sweden’s Ambassador to Uganda, H.E. Anna-Maria Olsson, celebrated the decade-long partnership between Uganda and Sweden in developing critical electricity transmission infrastructure.

What the Bank of Uganda’s New Loan Rates Mean...

Imported goods are costing more, as the Ugandan Shilling is weakening and already at UGX 4,000 for just 1 US Dollar. If you buy goods, spare parts, or materials from abroad, you now need a lot more Shillings to buy the same amount of stock compared to before.

President Museveni, South Sudan Seek Infrastructure, Security Solutions to...

“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.

Museveni, U.S. Tech Investor Discuss Plans to Establish Uganda...

Hosein brings experience from the technology sector, having been among the early engineers at EMC Corporation, where he contributed to the development of data-storage infrastructure that supported the global information economy. EMC grew into a major technology company with more than 55,000 employees worldwide before becoming part of Dell Technologies in 2016.

Families Demand Financial Relief as Nationwide Railway Evictions Begin

“The government is also coordinating with the Ministry of Lands to cancel any registered titles within the reserves,” Ssengendo stated, signaling an intent to legally wipe out payout claims.

Uganda to Host 2027 International Water and Development Congress

IWA leadership has expressed confidence in Uganda’s ability to organise the congress successfully, while NWSC has reaffirmed its commitment to ensuring the country is ready to welcome international participants.

Massive Rail Demolitions Begin Across Uganda to Clear Way...

“They secretly carved up URC land, printed official land titles, and sold them to unsuspecting families and developers. Believing their papers were legal, citizens spent their life savings building permanent homes and multi-story concrete buildings, which are now being destroyed,” Byamukama noted.

Uganda Calls for UN Security Council Reform and Backs...

Uganda supported negotiations on a UN Framework Convention on International Tax Cooperation to curb illicit financial flows and profit shifting.

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