Bank of Uganda has said in its monetary policy report of October 2024, which it released on Monday that in the three months to September 2024, the shilling appreciated by 1.9 percent, which indicates that Uganda’s domestic financial market has continued to remain stable. The appreciati
By Ezra Suruma In 1986 when the National Resistance Movement captured the apparatus of government, coffee was by far the most important export product of Uganda. Coffee had enjoyed this supremacy since the 1950s when it overtook cotton as the most important “cash crop” and expo
The Government Chief Whip, Mr Hamson Denis Obua, has vowed to front a solid team to ensure that the National Coffee (Amendment) Bill, 2024, is endorsed to pave the way for the rationalisation of the Uganda Coffee Development Authority (UCDA). Mr Obua insists that the position on the Bill
A high-stakes meeting between President Yoweri Museveni, ministers and NRM MPs, and NRM-leaning independent MPs from Lango took place at State House, Entebbe on Friday 18th October, 2024.The seven-hour discussion
Confusion. Panic. And helplessness. That is the state of affairs the Uganda Export Promotion Board (UEPB) now finds itself in after being merged with the Uganda Free Zones Authority into one entity called the Uganda Free Zones and Export Promotions Authority. For nearly three weeks now,
High public service costs continued to weigh heavily on Uganda’s foreign reserves, resulting in a drawdown of $144.1m (Shs528.7b) in the three months to July. In details contained in the September State of the Economy Report, Bank of Uganda noted that developments in the [balance of pa
Police in Lira District are holding a health worker over allegations of extortion of money from patients in exchange for medical services. Benedict Ogwal, a theatre assistant at Ogur Health Centre IV in Ogur Sub-county, Lira District was arrested on October 7, 2024 after some patient att
Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher inflation in Uganda. Inflation has decelerated but Bank of Uganda noted in its Monetary Policy Report that the above and ot
The 62nd independence event is happening when Uganda’s economy is ailing with a worsening trade deficit at $ 247.93 million as of June 2024. This is in addition to projected debt by the International Monetary Fund (IMF) of $993 million, increasing inequalities in all forms, unemployment,
As you journey through the tranquil expanse of Kibale National Park, past picturesque Tooro tea plantations and rows of methodical trees near Fort Portal, an equally captivating sight welcomes you to the Tourism City. The 110-year-old Tooro Golf Club (TGC) lies on your right as you enter
