Shilling Holds Steady Against the Dollar Amid Strong Inflows
The Ugandan shilling remained stable against the dollar throughout the week, supported by strong inflows from commodity exporters and remittance firms, which outpaced corporate demand. By Friday morning, the local currency was trading at 3668/3678, strengthening from the week’s opening levels of 3677/3687. In the near term, we expect the
President Yoweri Museveni is entitled to his opinion
A daily of February 3, 2025, preposterously bellowed a headline, “Museveni vs the law.” Elsewhere, the same daily heckled online “lawyers, activists take on Museveni over remarks on Supreme Court (SC)ruling.” In both its print and online reporting, the daily seemingly crowned some self-appointed activists and analysts as spokespeople for
Socialite Kavuma Honest Wanted Over Unpaid Luxury Bill
Controversial Ugandan socialite Kavuma Honest, popularly known as Champagne Papi, is once again on the run, as police move to throw him back behind bars over a multimillion-shilling unpaid bill at the upscale Speke Apartments. Kavuma, who has gained notoriety across Uganda for his involvement in fraudulent schemes and shady
