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Feb 2024 2 results
21:14
21:14

Debt Burden, Low Reserves Affecting BoU Capacity to Tame Dollar Rate 3

Because of the fall in foreign exchange reserves, BoU last sold dollars onto the market in 2022. DG Atingi-Ego says the heavy debt repayment obligations, the reduced offshore investor inflows and the withdrawal of foreign exchange, curtailed the country's ability to maintain its target FX reserve levels.
07:59
07:59

Masaka City Hunts UGX 480M to Replace Hydro-Powered Streetlights Masaka City Council 1 1 Top story

However, Abel Ssembajjwe, the Masaka City Assistant Engineer, explains that due to challenges in maintaining the lights due to high power bills, the City Council decided in 2019 to uninstall all the LED lights until a more sustainable solution was found.
Feb 2024 2 results