# Tags

Central Bank Issues Warning: Defacing Currency Could Lead to Six-Month Jail Term

Central Bank warns individuals against defacing or misusing currency, emphasizing potential six-month jail terms as outlined in the Penal Code. Bank of Uganda specifically cautions against using banknotes for decorative purposes, highlighting the financial implications for both the public and the Central Bank due to the destruction of banknote utility.

Uganda’s Coffee Exports Rise by 3.4% in October 2023, Fueled by Global Demand and Favorable Harvest

The Uganda Coffee Development Authority’s report reveals a 3.4% increase in exported quantity and an 18.3% rise in value compared to the same period last year. Favorable global prices and a robust harvest in the southwestern region contributed to the export performance. Italy, Germany, and Spain were among the top buyers, with Europe accounting for over 68% of total exports.

Karuma Dam Power Project Set for September 2024 Commissioning

The Karuma Hydroelectric Station is initially expected to be completed by 2018, is set for commissioning by September 2024. Currently, four out of six units are operational, with full functionality expected after the sixth unit is completed by the end of 2024. The project aims to meet increasing electricity demand. Once finished, Uganda’s installed electricity capacity is projected to reach 2000 MW.