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.
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.
Uganda has many renewable energy resources that can be used for energy production and the provision of energy services. These resources include bioenergy, through biomass and biogas, water or hydro, solar, geothermal, and wind energy potential.
Research indicates that land conflicts are a major issue in Uganda, affecting around 33-50% of landholders. With these conflicts, the social stability and economic development of the country can be threatened, as agriculture accounts for a large portion of the country's labor force and GDP. Over 90% of domestic disputes in Uganda are related to land conflicts.