ugandan_diaspora_social_networking_event
Economy

Uganda Shilling Gains Most in More Than a Week on Increased Dollar Inflows

By Fred Ojambo ~ Uganda’s shilling appreciated the most in more than a week against the dollar as inflows of the U.S. currency from sales of exports and from aid increased. The currency of Africa’s second-biggest coffee p...


Uganda’s Taxi Operators Begin a Two-Day Strike, Minister Okurut Says

By Fred Ojambo ~ Ugandan taxi operators have started a two-day strike in the capital, Kampala, over high duties, bringing transportation to a standstill, said Information Minister Mary Karooro Okurut. Leaders representing driv...



Uganda Shilling Falls for 3rd Day as Strike by Kampala Traders Continues

By Fred Ojambo ~ Uganda’s shilling fell for a third consecutive trading day amid a strike by retail traders in the capital, Kampala, over the impact that accelerating inflation and the weakening currency are having on their b...



Ugandan Shilling Weakens for 2nd Day as Traders Begin Strike in Kampala

The currency of Africa’s second-biggest coffee producer fell 1.6 percent to 2,590 per dollar, bringing the loss for the continent’s worst-performing currency this year to 11 percent. Kampala – Ugandan merchants on Wed...


Uganda, Kenya Resume Talks Over Disputed Islands Ownership

KAMPALA, Uganda – (Dow Jones) – Uganda and Kenya have resumed talks aimed at resolving a spat over the disputed islands of Migingo and Ugingo located in Lake Victoria, Uganda’s foreign affairs ministry said Tu...



Uganda Sells $20 Million to Stabilize Shilling; Vows to Curb Speculation

By Fred Ojambo | Bloomberg | Uganda’s central bank sold $20 million in the domestic foreign-exchange market yesterday to stabilize the shilling and said it would act again to curb speculation in the domestic currency. The Ban...



Uganda’s May Inflation Hits 16% On Higher Food Prices

By Nicholas Bariyo ~ KAMPALA Uganda -(Dow Jones)- Uganda’s May annual headline inflation accelerated to 16%, from 14.1% in April, the highest levels in over a decade, propelled by higher food and fuel prices, the state-ru...


Ugandan Opposition Rejects Talks With Government on Accelerating Inflation

By Fred Ojambo | Bloomberg | Uganda’s main opposition group said it won’t take part in talks with the government scheduled for today over accelerating inflation until the authorities apologize for the arrest of one of its l...



Ugandan President Museveni Says Opposition Must Inform Police of Protests

By Eric Ombok and Fred Ojambo | Ugandan President Yoweri Museveni said opposition leader Kizza Besigye, who has been hospitalized after being injured during his arrest this week, should inform the police about planned protests ...


Riots erupt in Uganda capital after brutal arrest of opposition politician; 1 dead, 64 wounded

Washington Post | KAMPALA, Uganda — Army troops and police fired live bullets at rioting demonstrators in downtown Kampala on Friday, the first time the Uganda’s growing protest movement had reached the country’s capital....



Police arrest, tear gas a top Ugandan opposition leader during 5th ‘walk to work’ protest

By Godfrey Olukya, The Associated Press | The Canadian Press | KAMPALA, Uganda – Police cracked open the window of Uganda’s top opposition leader and fired tear gas into his vehicle on Thursday during a fifth p...



Libya’s Tropical Bank, Seized by Uganda, Says Annual Profit Almost Doubles

By Fred Ojambo | Tropical Bank Ltd., the Libyan- owned lender seized by Uganda’s central bank last month, said full-year profit almost doubled as deposits and loans grew. Net income surged to 5.65 billion Ugandan shillings ($...


Uganda President To Meet Opposition Leader Over High Food, Fuel Prices

FOX BUSINESS | By Nicholas Bariyo, KAMPALA Uganda -(Dow Jones)- The Ugandan president will meet the country’s opposition leader next week to discuss a way to deal with rising food and fuel prices, which have triggered unr...



TIME: Deadly Crackdown on Uganda’s Walk-to-Work Protests

By IOANNIS GATSIOUNIS | After his third failed run at the Ugandan presidency in February, opposition leader Kizza Besigye’s rants against government abuse were beginning to sound tired and futile. Opposition demonstration...






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