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The first Ugandan shilling (UGS) replaced the East African shilling in 1966 at par. Following high inflation, a new shilling (UGX) was introduced in 1987 worth 100 old shillings. The shilling is usually a stable currency and predominates in most financial transactions in Uganda, which has a very efficient foreign exchange market with
[12] In October 2012, they were found guilty of defamation aimed at discrediting the reputation of Kayanja, [13] were fined one million shillings each (approximately US$390) and sentenced to one hundred hours of community service. After a rejected appeal, the conviction was upheld in the High Court of Justice in February 2014.
He also promised the team Uganda Shs5m for all the goals they scored. Within 90minutes, the Uganda Cranes had beaten Ghana before they crossed to a penalty shoot-out. Furthermore, Ivan once sponsored 10 fans with all expenses from South Africa to Uganda to watch the Uganda VS Zambia game live at Mandela National Stadium (Namboole). [10]
Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar). In some places there is a thriving street trade by unlicensed street traders in US dollars or other stable currencies, which are seen as a hedge against local inflation. The exchange rate is ...
The United States on Thursday imposed sanctions on Uganda's parliamentary speaker, her husband and several other officials over corruption and serious abuses of human rights. Parliament Speaker ...
Uganda Catholic Television (UCTV) is a Ugandan television station under the Uganda Episcopal Conference. [1] Uganda Catholic Television began test-transmitting in 2020 [2] on Free-to-air (FTA) services. The Catholic television station is now on Zuku channel 74, where it broadcasts news, infotainment, evangelization, live papal events, and ...
2025 LIST OF FULLY LICENSED TELEVISION STATIONS in Uganda: . UBC TV / Official National Television; UBC STAR TV. UBC MAGIC 1. UBC U24 TV. APEX TV | Kampala
There are a number of newspapers in Uganda today. New Vision is Uganda's leading English daily newspaper. It is a state-owned newspaper and has the largest nationwide circulation. The Daily Monitor is an independent English-language newspaper and second in circulation to the New Vision. The two papers dominate the print section of media in Uganda.