Uganda is continuing to post an annual balance of trade deficit of about 2.4 billion dollars. According to Dr Adam Mugume, the executive director research at Bank of Uganda, the 2.4 billion-dollar deficit is out of the monthly deficit of about 200 million dollars in its external trading.
Uganda is now ranked 85th in the whole world with 409 points, after climbing 9 places from the 93rd position last month. The improvement was partly based on the Cranesâ€™ 4-0 humiliating victory over Congo Brazzaville and the 1-all draw against Senegal among others.
As the new financial year begins Hoima residents want the district to allocate more money towards fixing the poor roads in the area. Hoima district local government on Friday laid before Council its 2012/13 financial year budget totaling to 19 billion shillings.
Residents of Ntoroko district are angry over what they call failure by the district to neglecting priority areas in its 2012/2013 financial year budget. Last week, the district council passed the budget estimates worth 15 billion shillings, out of which 6 billion was allocated to administration.
During the meeting, independent candidates Dan Katula, Joseph Ssebayiki and Robert Rutalo tasked Electoral Commission to disqualify Nsubuga and Nsambu for alleged involvement in voter bribery and intimidation.
Ann Galiwango, the KCCA director for education told Uganda Radio Network that the authority plans to spend 200 million shillings for the installation of the conductors in all the government aided schools in the city.
There is excitement in Otuke as government moves to connect the district onto the national electricity grid through the Rural Electrification Program. The two-billion-shilling project will extend power from Apala in Alebtong district, through Otuke up to Abim district.