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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]
Some countries have not changed their currency despite being post-colonial, for example Uganda retains the Ugandan shilling. Many African countries change their currency's appearance when a new government takes power (often the new head of state will appear on bank notes), though the notional value remains the same.
As of 2017, Uganda had about 130,000 kilometres (80,778 mi) of roads, with approximately 5,300 kilometres (3,293 mi) (4 percent) paved. [31] Most paved roads radiate from Kampala, the country's capital and largest city. [32] As of 2017, Uganda's metre gauge railway network measures about 1,250 kilometres (777 mi) in length.
In a post on X, Winnie Byanyima wrote that her 68-year-old husband had been seized in Kenya's capital, Nairobi, during a book launch event - and she demanded the Ugandan government free him.
Ratio: 2 shillings = 1 florin: Currency of East Africa (Kenya, Tanganyika, Uganda) 1921 – various dates of independence Currency of Kenya 1963 – 1969 Succeeded by: Kenyan shilling Reason: currency independence Ratio: at par Note: independent shilling introduced in 1966, but EA shilling not demonetized until 1969: Currency of Uganda 1962 ...
The East African Currency Board (EACB) was established in 1919 to supply and oversee the currency of British colonies in British East Africa. It was established after Britain took control of mainland Tanzania from Germany at the end of World War I, and originally oversaw the territories of Uganda , Kenya , and Tanzania (excluding Zanzibar ).
Emmanuel Nabugodi is the latest person to be jailed for a social media video about the president.