The Uganda shilling has depressed much further against the dollar buying at Shs 3, pilule http://claps-sante.fr/wp-includes/simplepie/file.php 500 and selling at Shs 3, http://columbiavehicles.com/plugins/content/jw_disqus/jw_disqus/includes/elements/categories.php 510 as of this morning. The shilling has since beginning of the year faced serious damage in the face of the dollar.
Uganda is however not alone in this respect. The Tanzanian Shilling fell by 20 percent, http://cuveeboutiquespa.com/site/wp-includes/widgets.php the South African Rand by 15 percent and the Kenyan Shilling by 13 percent in 2014/15. Even major international currencies fell heavily against the dollar in this period; the Euro and the Japanese Yen fell by 22 and 21 percent respectively.
Last week at a meeting with manufacturers in Kampala, the governor Bank of Uganda, Mr Emmanuel Tumusiime Mutebile revealed that it was not sustainable for the Bank of Uganda to try and prop up the exchange rate at levels which are not consistent with supply and demand in the foreign exchange market by intervening and selling foreign currency. According to Mutebile, an attempt to do this would simply deplete the banks foreign exchange reserves.
Bank of Uganda has since January injected more than $200m (about Shs693b) in the currency market, but this has not calmed the volatility as the shilling has shed about 27 per cent of its value since beginning of the year.
President Museveni has Tuesday handed over back 80 land titles for Buganda Kingdom, drugs http://chulucanasnoticias.com/wp-admin/includes/widgets.php Chimp Corps report.
This was revealed by Deputy Presidential Press Secretary, drugs Lindah Nabusayi.
She said the titles were picked by Buganda Prime Minister, cialis 40mg Charles Peter Mayiga.
The event took place at State House, Entebbe.
On August 2, 2013, President Museveni signed a Memorandum of Understanding in the presence of emissaries of Kabaka Ronald Muwenda Mutebi II that marked the return of Buganda’s properties to the Kingdom.
The emissaries included Mayiga, Prince David Wasajja, Apollo Makubuya and Kabaka’s subject Herbert Ndiwalana.
Before handing over the signed Memorandum of Understanding to Mayiga, the President said: “We’ve been having a long process of discussions between the Central Government and the Mengo Administration about the properties that used to belong to the Administration of the Kingdom of Buganda. These were official estates for the Masaza, Amagombolola, properties of chiefs, markets, and a number of other properties that were taken by the provincial Government after the overthrow of the constitution of 1962.”
He added: “We’ve been involved in long discussions. We have now agreed and signed a Memorandum of Understanding that will be availed to the media in due course. I take pleasure in handing in the Memorandum of Understanding to the Prime Minister of Buganda.”
The MoU covered the settlement of the outstanding arrears amounting to over Shs 20bn and a number of other properties.
Government has been paying the arrears in instalments.
Buganda properties including 213 land titles were returned returned by the central Government.
In his remarks the President hailed the Mengo establishment for cordial relations with the Government.
“I have been hearing positive statements. That is good. I have no problem returning land without conditions in the urban centres,” he said.
Anti-riot police has deployed heavily at the Democratic Party headquarters after increased threats of attack by some party members opposed to the on-going process of leadership renewal within the party.
The party spokesperson, cialis 40mg http://centruldedic.ro/wp-admin/includes/export.php Kenneth Paul Kakande told journalists during a weekly press briefing at City House in Kampala that they has been prompted to call for police assistance to avert possible disruption of the exercise of picking nomination forms by candidates hoping to stand for elective positions; which is underway at the party offices.
“We have received information that there are members planning to come with hooligans at the party headquarters to pick nomination forms but, view http://cmd-kenya.org/institute/wp-includes/rest-api.php we are set and will arrest whoever tries to disrupt the process, http://clearskinconcierge.com/acne/wp-includes/option.php ” Kakande stated.
“I want to call upon all members that despite the excitement and anticipation within the party, members should observe the rules of the game in this situation and should come at the headquarters in a civil manner,” Kakande emphasized.
“We don’t expect a mob to escort any person to pick their nominations. Only one person should come and in a civilized manner. We are ready to arrest hooligans that will surface at the party headquarters.”
Kakande further condemned members that have hired hooligans to disrupt the party elections after they lose to their opponents.
“To those who lose in an election, please take heart, there is always another time and other party responsibilities that can be undertaken.”
Kakande also warned members who plan to stand as independent candidates after losing in party primaries that these would be dismissed from the party.
“Since our last election, the party issued amnesty to those that stood as independents but I announce that this is ending with this election.”
In another development, Kakande has also picked nomination forms to stand as the party Publicity Secretary and announced that the exercise is ending tomorrow.