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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
On 1 November 2013, it was announced that the Airtel Telecommunications company had signed a four-year contract providing a total of 400 million shillings (about 160,000 US dollars) towards funding different activities under both the FUFA Big League and the Ugandan Cup until 2016. [9]
The Ugandan government downplayed the post, with a spokesperson describing Gen Kainerugaba's social media statements as "casual" remarks that should not be interpreted as reflecting official policy.
Despite Amin's claims of returning control of the economy to ordinary Ugandans, the expulsion greatly harmed the economy of the country. The GDP of Uganda fell by 5% between 1972 and 1975, while manufacturing output tumbled from 740 million Ugandan shillings in 1972 to 254 million shillings in 1979. At the time of their deportation Indians ...
He devalued the Ugandan shilling by 100 percent, attempted to facilitate the export of cash crops, and postponed any plans he may once have entertained for re-establishing one-party rule. The continued sufferance of the DP, although much harried and abused by UPC stalwarts, became an important symbol to international donors.
She began her career in 2010 and competed in 1,500 meters, 10,000 meters, half-marathons and marathons. She represented Uganda in the 2011 and 2013 World Cross Championships in Punta Umbria and ...
The Observer (Uganda) [5] Kampala: 2004 Observer Media Limited English: Website: East African Business Week: Kampala: 2005 East African Business Week Limited English: Website: The Independent (Uganda) Kampala: 2007 English: Website: Rolling Stone (Uganda) Kampala: 2010 Ceased publication November 2010 The Rwenzori Times: Kasese: 2015 Rwenzori ...
Uganda's constitutional court is due on Wednesday to deliver a verdict on a petition seeking to annul the country's tough Anti-Homosexuality Act (AHA), a lawyer for the petitioners said on Tuesday.