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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
Sources from within the government reveal that the main concern at present is the manner in which millions of dollars have been lost in the past decade, money that could allegedly have stayed in Uganda for investment in the public sector; a Global Financial Integrity report recently revealed that illicit money flows from Uganda between 2001 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 ...
Setting these priorities helped improve Uganda's credentials with international aid organizations and donor countries of the West, but in the first three years of Museveni's rule, coffee production remained the only economic activity inside Uganda to display consistent growth and resilience. [2] In 1987 GDP rose 4.5 percent above the 1986 level ...
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Usage of: West African CFA franc Central African CFA franc The West African CFA franc (French: franc CFA or simply franc, ISO 4217 code: XOF; abbreviation: F.CFA) is the currency used by eight independent states in West Africa which make up the West African Economic and Monetary Union: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.
KAMPALA (Reuters) - Uganda's Constitutional Court on Monday took a first step toward hearing a challenge to an anti-gay law that rights activists and Western governments have denounced as draconian.
The Weekly Observer is a Ugandan weekly newspaper headquartered in Kamwookya, Kampala.It is one of the largest privately owned papers in the country co-founded by maverick journalist John Kevin Aliro and nine other directors [1] In 2007, its reporter Richard M Kavuma won the CNN Multichoice African Journalist of the Year award. [2]