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The shilling keeps depreciating against the dollar. Here's what Ugandans are doing about it

The shilling keeps depreciating against the dollar. Here's what Ugandans are doing about it

If you have been following the exchange rate lately, you already know the story. The Uganda shilling has been under sustained pressure against the US dollar, and for ordinary Ugandans who are either receiving money from a relative abroad, running a small business, or simply trying to save, that d

Ultimate Uganda

UGX 300m Not Enough for MPs’ Cars; NRM MP Wants Grant Raised to UGX 500m

UGX 300m Not Enough for MPs’ Cars; NRM MP Wants Grant Raised to UGX 500m

Bukoto West MP Muhammad Mayanja Ssentayi has explained why he believes the UGX 300 million Parliament plans to give members of the 12th Parliament to buy vehicles is not enough to support their work over a full five-year term.Speaking in an interview on UBC TV, the NRM MP said a car, unlik

Ultimate Uganda

I Asked ChatGPT What the Worst Things You Can Do With Your Money Are — Here’s What It Said

I Asked ChatGPT What the Worst Things You Can Do With Your Money Are — Here’s What It Said

ChatGPT, the popular artificial intelligence (AI) bot, sometimes takes criticism for providing erroneous calculations or generic information. But when it comes to outlining the worst things you can do with your money, the AI is spot-on.I asked ChatGPT this very question to see what advice

Ultimate Uganda

Uganda's Treacherous Path: A Shs34tn Gamble on Debt and Unproven Revenue

Uganda's Treacherous Path: A Shs34tn Gamble on Debt and Unproven Revenue

A stark warning has been issued from the corridors of parliamentary oversight, painting a grim picture of Uganda's fiscal health.The Shadow Minister for Finance, Ibrahim Ssemujju Nganda, has cast a critical spotlight on the government's ambitious, and arguably perilous, pl

Ultimate Uganda