Uganda’s foreign exchange reserves shrank 4.3 percent in the three months to the end of July 2024 to 3.3 billion dollars, equivalent to about three months of imports, down from 3.5 billion at the end of April, according to Bank records.
For many years, hundreds of elephants from Kidepo Valley National Game Park have been invading Kitgum and Agago districts, destroying acres of crops and houses.
Sylvia Owori, the Director of Operations at Operation Wealth Creation told stakeholders in Gulu City last week that the availability of the young growing workforce is key in driving the coffee economy in Northern Uganda.
Judith Nabakooba, the Minister for Lands, Housing, and Urban Development, said that the government is reviewing the housing policy to include the youth in the housing sector and to empower them financially so they can afford to build decent homes.
In total, 22.6 Shillings trillion was lent out last financial year, compared to Shillings 21 trillion for the previous year. It also shows a 6.8 percent growth between the two years, which is higher than the 5 percent previous increase.
Museveni also expressed gratitude for existing partnerships with the U.S., particularly in the areas of security, health, and education. He cited successful ventures, such as DET from Detroit, which has ordered 600,000 sachets of processed coffee, and invited further investment in computer assembly and technology.
Mohamoud Ahmed, the Director of Planning and Investment at Atiak Sugar Factory, told stakeholders on Monday that the factory can only resume full-scale operations once it has a sustainable irrigation system in place.
According to the local authorities, the road networks in the district have become very poor, which is frustrating service delivery to the local communities.